As part of the IMF's $650bn SDR reserve allocation to member states to boost Covid-19-battered global economy, Nigeria is to receive $3.3bn later ... this month. The country is also to issue a $3-5bn Eurobond later this year. Analysts say these would give the Central Bank of Nigeria (CBN) the capacity to temporarily ensure FX liquidity and defend the Naira, considering the recent FX supply halt to moneychangers.
But is this the best use of the money?
The scene took place in Dakar, on a morning at the beginning of 2021. The Senegalese council of ministers was meeting, as it does every week, ... with Macky Sall at the palace of the republic. By way of introduction, the head of state asked his team about the agenda.
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Cellulant, a company focused on digital payments, secured a payment services provider (PSP) license in Ghana in April. It wants to partner with ... the government, banks and insurers to enable digital payments for utility and other services, Eric Kortey, Cellulant country manager for Ghana, tells The Africa Report.
Nigeria’s economic outlook, released on 26 August by the National Bureau of Statistics (NBS), had been projected to return to pre-pandemic ... levels due to an oil market rebound. But it now faces risks from new coronavirus threats and a slow rollout of vaccines.
When African music hits the global scene, it can lead to mixed emotions: joy over long-deserved recognition for the continent's talent, but also ... worry that the artistes at the heart of musical scenes will not get their dues.