Central African Republic (CAR) Trade and Industry minister, Lea Mboua Doumta has indicated that the African country is keen to house a BRIC’s New Development Bank, after it agreed to establish the BRICS’ regional representative office in capital Bangui. “We have earlier agreed to establish the BRICS’ regional representative office in Bangui, and it will […]
Africa has secured 87% of global funding for crucial energy infrastructure, marking significant progress in the continent’s pursuit of sustainable and accessible energy solutions, a 2024 report from the World Bank and the Energy Sector Management Assistance Program (ESMAP) said. From 2021 to 2022, the number of people benefiting from mini-grids in Africa skyrocketed from […]
Fifty-five members of Libya’s House of Representatives (HoR) strongly criticized the recent devaluation of the dinar, arguing that the move fails to address the root causes of the country’s deepening economic crisis. The lawmakers stressed, in a joint statement issued on Wednesday, that adjusting the exchange rate or increasing the dollar price would not resolve […]
