President Nana Addo Dankwa Akufo-Addo of Ghana has outlined measures to halt the depreciation of the country’s currency, cedi. Akufo-Addo announced these measures in a televised nationwide address, blaming the COVID-19 pandemic and the Russian-Ukrainian conflict for the country’s economic woes. He also blamed currency speculators and unlicensed currency dealers dubbed as “black market operators” […]
The Intergovernmental Authority on Development (IGAD) has condemned the deadly terrorist attack in Mogadishu, the capital of Somalia. “IGAD is deeply saddened by the loss of lives caused by the terrorist attack in Mogadishu, Somalia; and condemns this heinous crime in the strongest terms,” the eight-member East African bloc said on Saturday. Twin car […]
The recent devastating floods in Pakistan have inflicted damage and losses of over $30 billion to the South Asian country, the Ministry for Planning, Development and Special Initiatives said in a report on Friday. The damage, loss and needs assessment following the unprecedented floods in Pakistan calls for rebuilding based on the principles of the […]
The death toll has risen to 42 and more people were found missing after a strong overnight downpour flooded a number of towns in the Maguindanao province in the southern Philippines, a local official said Friday. Naguib Sinarimbo, interior and local government minister of Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), said 27 people were […]
The World Bank has approved $275 million in concessional financing targeted at securing support for fiscal stabilisation and accelerated economic growth programs, a senior government official has said. Situmbeko Musokotwane, the Minister of Finance and National Planning said the approval was granted through the World Bank’s International Development Association (IDA) at a meeting of its […]
South African Police say they have arrested 140 suspects and recovered more than 300 unlicensed firearms and 2,800 rounds of ammunition in the last two weeks in Gauteng Province. The unlicensed firearms were recovered from Oct. 11 to 24 in Gauteng Province, said police spokesperson, Dimakatso Sello. “The police in Gauteng continue to recover unlicensed […]
Afghan provincial administration distributed improved seed and fertiliser to nearly 16,000 farmers in Afghanistan’s northern Jawzjan province on Wednesday. The Provincial Head for Agriculture, Irrigation and Livestock, Qari Abadullah Ansar, said “using improved seed and fertiliser in farmlands would have a positive impact. “Therefore, we began distribution of the agricultural materials to the farmers in […]
The German government paved the way for the legalisation of cannabis on Wednesday, though it remains unclear whether the plan will pass muster at the European level. According to the plan approved by Chancellor Olaf Scholz’s Cabinet, cannabis and the active substance tetrahydrocannabinol (THC) would no longer be legally classified as narcotics. “The purchase […]
A majority of Ghana’s ruling party parliamentarians, on Tuesday, asked the President to sack the Finance Minister, Ken Ofori-Atta, and his deputy, with a view to “restoring hope in the financial sector”. Ghana is facing its worst economic crisis in a generation. Last week was the cedi currency’s worst in 15 years, falling nearly 20 […]
Kenya’s Capital Markets Authority (CMA) said on Tuesday that it has developed rules to enable micro, small and medium enterprises (MSMEs) to raise capital through crowdfunding. Wycliffe Shamiah, the Chief Executive Officer of CMA, said the new rules pave the way for Kenya’s MSMEs, which employ some 15 million people in the workforce, to raise […]