President Emmanuel Macron

Sahel trio to fund regional investment bank as break with ECOWAS deepens

The military-led governments of Mali, Niger, and Burkina Faso have unveiled plans to fund a new regional investment bank with a portion of their national tax revenues, signaling a deepening break from traditional financial partners and regional bodies. Each country will contribute approximately 5% of its annual tax revenues to the bank, which aims to […]

Ghana’s oil production to go up to 420,000 barrels by 2023

Ghana’s Minister of Finance Ken Ofori Atta last weekend, told investors in Oslo, Norway, that overall crude oil production from Ghana was expected to more than double over the next four years. Addressing the meeting of 20 key international companies, Ofori-Atta, stated that Ghana has re-asserted herself strongly as a key destination for petrochemical industry […]

Nigeria’s Naira, Kenyan Shilling worst hit of Africa’s devaluing currencies in 2023 with no hope in sight

African countries have faced a myriad of challenges in 2023, not the least of which was currency devaluation, with Nigeria’s Naira and Kenyan Shilling experiencing their largest drop in value against the greenback in 24 and 30 years respectively. While Nigeria and Kenya recorded significant growth across numerous industries, there were still instances of socio-economic […]