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Mixed success for SEZ in Africa, with Morocco topping the list — study

Special economic zones (SEZs) are mushrooming in Africa and while many challenges lay ahead, these zones have shown considerable potential for they can play a tremendous role in the development of the African continent. Policymakers all across Africa have increasingly resorted to SEZs with the aim of turning around their countries’ economic fortunes, as they […]

AfDB allocates €62M for rural electrification in Côte-d’Ivoire

The African Development Bank (AfDB) has granted a loan of €62.35 million to Côte d’Ivoire, the bank said in a statement. The funds are intended to finance the Project for the Strengthening of Electrical System Works and Access to Electricity (Proser). The AfDB grant will help finance the electrification of 1,388 rural localities in the […]

ECOWAS confirms withdrawal of Niger, Burkina Faso, Mali from the organization within 6-month period

Mali, Burkina Faso, and Niger are set to withdraw from the Economic Community of West African States (ECOWAS). This decision was acknowledged by ECOWAS Heads of State during a Summit held in Abuja on Sunday, December 15. A six-month Transition period will commence on January 29, 2025, after which the exit of the three Sahelian […]