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NEWS: IMF Set To Approve Over $400 Million To Support Angola

The executive board of the IMF has approved a whopping sum of 487.5 million dollars that will be disbursed to Angola, this announcement was made in the late hours of Monday. The money will help in the resuscitation of the economy of Angola that has been massively hit by the coronavirus. The different impacts of […]

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Mali opposition dogged with demands despite ECOWAS mediation

Five West African heads of state meeting in Bamako on Thursday failed to get the Malian opposition to accept their plan to get the country out of a political crisis. The delegation however remain optimistic and will meet again on Monday at an extraordinary ECOWAS summit by videoconference. Mahmoud Dicko, an influential Imam and leader […]

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Sudan reshuffles cabinet amid mounting economic, protest pressures

Sudan’s transitional government announced a major cabinet reshuffle on Thursday, hoping to defuse public discontent over economic collapse and other crises that have tested the country’s path toward democracy. Prime Minister Abdalla Hamdok accepted the resignation of six ministers, including the finance minister criticized for failing to rescue the plunging economy. He also dismissed the […]

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WHO restates harsh impact of COVID-19 on African women

The World Health Organization earlier this week (June 17) reiterated concerns over the rate at which covid-19 exposes women in Africa “to a higher risk of abuse and gender-based violence.” This comes after hundreds of cases on rape and other forms of violence against women have been recorded in parts of the continent. Dr. Matshidiso […]

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Economic distancing: 60 million face extreme poverty – World Bank

The coronavirus pandemic and its economic consequences could push as many as 60 million people into extreme poverty. The World Bank warns that the progress made over the past three years in the fight against poverty could be wiped out. Living on less than $1.90 per person per day is how the financial institution defines […]

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Somalia’s giant economic strides, secures $1.4 bn debt cancellation

The Paris Club of creditor countries have agreed to restructure Somalia’s external public debt with an immediate cancellation of 1.4 billion U.S. dollars. Somalia has been pushing for the cancellation of its ballooning debt, some of which dates back over four decades ago when the country was fighting the regime of Siad Barre, who was […]