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

North Africa Post

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 […]
Africa Asia Business Emerging Markets Headlines International

Red Sea attacks to shrink Africa’s trade volume, worsen its macroeconomic stability — report

North Africa Post

Africa’s trade volume is projected to shrink in the first six month of 2024, as the recent attacks by Iran-backed Houthi rebels on commercial vessels will have a huge consequence on the economies of African countries, especially those in North and East Africa, says a new report compiled by Afrexim Bank. As Yemen-based militants continue […]
Africa Headlines International

Tanzania: UN backs 4th SADC Industrialization Week

North Africa Post

The United Nations Industrial Development Organization (UNIDO) has announced that it will support Tanzania in hosting the 4th Southern African Development Community (SADC) industrialization week next month. Tanzania will host the 4th SADC Industrialization Week August 5-9 under the theme: “A Conducive Business Environment for Inclusive and Sustainable Industrial Development.” According to Stephen Kargbo, UNIDO […]