A “perfect storm” of overlapping conflicts in African countries and Ukraine, coupled with climate change-triggered disasters around the world forced a record 71.1 million people to flee within their own country in 2022, monitors said on Thursday (11 May). An unprecedented 71.1 million internally displaced people (IDPs) were registered last year — up 20% from […]
Experts at a recent 57th Conference of African Ministers of Finance emphasized the need for African governments to prioritize local currencies for trade and transactions. Hanan Morsy, chief economist of the UN Economic Commission for Africa, highlighted that reducing reliance on the U.S. dollar would protect Africa’s economies from external financial shocks. Africa’s use of […]
The African Development Bank approved an additional funding of €12.33 million in favor of the ECOWAS Commission to cover part of the costs related to the study of the Abidjan – Lagos motorway corridor development project. This corridor links the capitals of five West African states – Côte d’Ivoire, Ghana, Togo, Benin and Nigeria – […]
