The Nigerian economy is in a huge balance-of-payments crisis. With the country experiencing a raging hyperinflation…
Category: Economy
Burkina Faso, Mali and Niger Unite Into a Confederation
In September of last year, Burkina Faso, Niger, and Mali formed the Alliance of Sahel States…
Nigeria Moves to Repatriate its Gold From US Vaults.
In a move that has been termed a “strategic measure to protect its wealth and strengthen…
Egypt, Like Kenya and Nigeria, Teeters On Brink Of Economic Ruin As Debt Mounts, and Poverty Soars
Horrifying hunger and deprivation assails millions of Egyptians as the government priorities grandiose flagship projects and…
Zambia bans the use of dollars
The central bank of Zambia has introduced a ban on the use of US dollars in…
“Youth Power” Triumphs over IMF’s Anti-People Policies in Kenya.
The president backs down and the presidency and national Assembly backtracks on the IMF dictated finance…
Why Forgiving African Debts Could Be ‘Positive’ Payoff for Russia
Russian President Vladimir Putin has announced this week that Moscow is going to help African states…
Debt Disaster: Why Global South Increasingly Sidelines the US Dollar
Soaring US national debt may translate into a real disaster when supercharged by internal political fighting…
Mali Accuses France of Printing Counterfeit CFA Franc Notes to Damage Malian Economy
African officials state that the CFA franc is a barrier to the development of African countries…
Russia – Tanzania boost air traffic ties
A new transport agreement between Moscow and Dodoma aims to develop flight connections The press service…