The power grab by the military after the departure of long-ruling Abdelaziz Bouteflika has aborted hopes for a transition to a civilian government, hijacking Algerians’ ambitions to a democratic state and compromising prospects for economic development amid worrisome economic indicators. Army, a kingmaker The army’s pull back from politics during the era of Bouteflika after […]
Oil and gas rich Nigeria has defeated Algeria and other competitors, after it was chosen as the host of the newly created Africa Energy Bank, worth $5 billion. In hosting the new lender, Nigeria will become “at the forefront of Africa’s energy future,” said Nigerian oil minister Heineken Lokpobiri. The new bank aims to address […]
Heads of State of the 15-member West African Community of African States (ECOWAS) have adopted a flexible currency regime after making considerable progress on plans for a single currency in the region. In a meeting held Saturday in the Nigerian capital Abuja, the bloc said it had made considerable progress on the single currency […]
