Legal proceedings have commenced in South Africa as a segment of the Zulu royal family pursues the removal of the king from the throne, despite his relatively short reign. The North Gauteng High Court in Pretoria is currently evaluating the legal contentions in the dispute over succession between King Misuzulu
The Federal Government on Monday, October 16,announced that it has obtained financial support from the World Bank and the African Development Bank. The loans valued at $1.5bn and $80m respectively, will be used to fund important projects in key sectors of the economy. Nigeria was deemed eligible for
Nigeria has experienced a significant increase in inflation, reaching a rate of 26.72% in September 2023. There was a slight increase of 0.92% from August's percentage of 25.80% and was primarily due to the surging cost of food and the challenging economic conditions resulting from
The International Monetary Fund (IMF) in a meeting with the World Bank Group / International Monetary Fund in Marrakech, Morocco stated that Nigeria has the option to seek a loan from the Fund to stabilize the currency, considering the current pressure on the naira. The IMF also showed approval for the
The Burkina Faso's military rulers have recently partnered with Russia to construct a nuclear power facility with the aim of enhancing the country's electricity provision. The initiative is part of the junta's ongoing efforts to align itself with Russia, as it has experienced strained