Category: Africa Economy

Zambia debt relief: ‘Cope with your own debt,’ China tells US

“The United States is all in on Africa, and all in with Africa,” Yellen said on Friday in Dakar as she touted the fruits of a new “mutually beneficial” US economic strategy towards Africa.

Crude Oil drilling begins in Uganda; Chinese company operating

The East African nation discovered commercial reserves of petroleum nearly two decades ago in one of the world’s most biodiverse regions but production has been repeatedly delayed by a lack of infrastructure like a pipeline.

For the first time FIRS tax-revenue hits N10 trillion

Overall, non-oil taxes made up 59% of the total collection while the remaining 41% was oil tax collection.

N21 trillion, $47.4 billion stolen funds traceable to 14 former governors – HEDA Report

The 77- page document released by the Human and Environmental Development Agenda, otherwise known as HEDA Resource Centre, also shows that of the 100 cases considered, the Economic and Financial Crimes Commission, EFCC, handled 79, Independent Corrupt Practices and other Related Offences, ICPC, 13, SPIPRPP and National Drug Law Enforcement Agency, NDLEA, one each while CCT handled none.

G20 creditors to restructure Ghana debt; Paris Club too

Ghana last week requested a restructuring of debt it owes to other governments, becoming the fourth country after Chad, Ethiopia and Zambia to do so under a G20 Common Framework.

AfCFTA: Ghana to host the “Kwahu Summit”-‘Africa Prosperity Dialogue’

An initiative of the Africa Prosperity Network (APN), the Dialogue series are expected to bring Africa’s political and business leaders, as well as other thought leaders on Africa, together in the conference.

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