Tunisian & qatari flags

Nuclear pact means spur for Iranian-Turkish trade, Turkish Economy Minister

Iran’s nuclear historic pact is not only a political and diplomatic win for peace in the region but is expected to boost trade and economic cooperation in the region. Turkey is already rubbing hands to resume trade with Iran. Turkish Finance Minister Mehmet Şimşek said on Tuesday after the pact was announced that Turkey will […]

Africa’s $824bn debt burden, opaque resource-backed loans, hamper continent’s economic potential — AfDB

African Development Bank (AfDB) has asked policymakers to put in place an orderly and predictable way of dealing with Africa’s ballooning, unsustainable external debt pile that reached $824 billion in 2021. Africa’s $824 billion debt burden, the servicing of which requires countries to dedicate 65% of their GDP, and opaque, non-transparent resource-backed loans hamper the […]

Nigeria’s naira plunges to record lows as citizens react to govt’s redesign plan

Nigeria’s currency, the naira, has dropped to a record low against the US dollar as Nigerians scramble to stockpile the greenback ahead of a redesign of naira notes. It has been just over a week since the Central Bank of Nigeria (CBN) announced its plan to redesign the country’s highest paper denominations – the 200-, […]