US secretary of State Antony Blinken & Egyptian FM Sameh Shoukry

UN Sahara envoy gets off to bad start due to Algeria’s intransigence

The newly appointed UN Secretary General’s Personal Envoy for the Sahara Staffan de Mistura is off to a bad start after concluding a first regional tour marked by Algeria’s unwillingness to uphold its responsibility as a main party to the conflict. After holding talks with Morocco’s foreign minister in Rabat and a visit to the […]

Africa faces looming ‘debt crisis’ and ‘lost decade’, warns World Bank

Developing countries are on a “path to debt crisis” and another “lost decade”, World Bank warns in its latest annual publication, unless African and other debtor governments, private and official creditors and multilateral financial institutions agree on a quick and coordinated action to secure more support from the creditors. The 50th edition of the ‘International […]

Nigeria’s rebased GDP rises, but Africa’s richest title remains elusive

Nigeria’s economy has officially grown larger — at least on paper — but the West African country still remains the continent’s fourth-largest economy, behind South Africa, Egypt, and Algeria. Following a long-awaited GDP rebasing, the National Bureau of Statistics (NBS) revised the country’s nominal output for 2024 to ₦372.8 trillion ($243 billion), up from ₦314 […]