UN Security Council

Ghana seeks $3bln loan from the IMF

Ghana and the IMF reached a staff level agreement for a loan worth $3 billion, an inroad in the West African country’s efforts to improve its public finances. Ghana is on a debt-restructuring program after it defaulted on most of its $30 billion international debt in 2022. “Performance under the IMF-supported program has been generally […]

TICAD 9: Japan pledges $5.5B and AI training to forge new economic bridge with Africa

At the 9th Tokyo International Conference on African Development (TICAD 9), Japan unveiled a sweeping initiative to deepen economic ties with Africa, committing $5.5 billion in development loans and announcing the training of 30,000 AI specialists across the continent over the next three years. Japanese Prime Minister Shigeru Ishiba proposed the creation of an “Indian […]

Nigeria’s Edo state increases investment to revive palm oil production

A sustainable project in Nigeria’s southern Edo state is helping to get the country’s palm oil industry back on its feet decades after it was eclipsed by now leading producers Indonesia and Malaysia. Since the 1960s, when Nigeria was still the world’s top producer of palm oil, the substance that is extracted from oil palm […]