Zimbabwe to Pay $331 Million to White Ex-Farmers in Effort to Ease Debt Crisis
Zimbabwe plans to pay $331 million to white farmers whose land was taken back in 2000, in a bid to restructure its massive debt and rejoin international markets.
Economy
Ghana's President-Elect John Mahama to Review $3 Billion IMF Loan
Ghana's president-elect John Mahama plans to review the $3 billion IMF loan secured by the current administration, aiming to renegotiate terms without abandoning the program.
Nigeria's Inflation Rate Hits 34.60% in November, Food Inflation Surges to 39.93%
Nigeria's annual inflation rate climbs to 34.60% in November, up from 33.88% in October, with food inflation surging to 39.93%, according to the National Bureau of Statistics.
Africa's Fuel Price Crisis: Top 10 Countries with Highest Fuel Prices in 2024
Discover the top 10 African countries with the highest fuel prices in 2024, and explore the factors driving these prices, from limited natural resources to government policies and refining capacity.
Nigerian Senate Proposes Bill to Ban Use of Dollar and Other Foreign Currencies for Local Transactions
Nigeria's Senate introduces a bill to outlaw the use of foreign currencies for local transactions, aiming to promote economic stability and reduce reliance on foreign currencies.
World Bank Considers $1.65 Billion Loan for Nigeria to Address Economic Challenges
The World Bank is reviewing a $1.65 billion loan for Nigeria to support internally displaced persons, education, and nutrition enhancement, amidst the country's economic struggles.
Libya Tops List of African Countries with Lowest Diesel Prices in 2024
Discover the top 10 African countries with the lowest cost of diesel in 2024, with Libya leading the list, according to GlobalPetrolPrices.