https://www.reuters.com/world/africa/imf-ghana-reach-staff-level-agreement-loan-programme-review-2024-04-13 Ghana’s finance minister released a statement on April 13th, stating that Ghana will soon reach a deal with international bondholders of the International Monetary Fund (IMF) to restructure their $13 billion of debt. Finance Minister Mohammed Amin Adam has claimed that Negotiations are ongoing and is optimistic about positive results. The IMF has successfully reviewed the proposed loan program… Read more »
https://www.reuters.com/world/africa/nigerias-grid-collapses-weeks-after-tariffs-raised-wealthier-consumers-2024-04-15 Nigeria’s electricity grid collapsed in the early morning of April 15th. The state-owned power transmission company released a statement claiming that a fire had erupted at a power generating station in the south around 3:00 am that had caused the grid collapse for large parts of Nigeria. The system was restored by early afternoon by the Transmission Company of… Read more »
https://apnews.com/article/south-africa-parliament-speaker-released-bail-5351840d521617082da8108b2096b98d Former South African parliament speaker Nosiviwe Mapisa-Nqakula faces arrest for allegedly accepting $135,000 in bribes, adding to the African National Congress’ corruption troubles. She turned herself in, claiming innocence amid suspicions of political motives ahead of national elections. Accused of receiving cash from a defense contractor during her tenure as defense minister, she resigned after failing to halt her… Read more »
https://www.aljazeera.com/news/2024/4/4/somalia-expels-ethiopian-ambassador-amid-somaliland-port-deal Somalia expelled Ethiopia’s ambassador due to a feud over a port deal with Somaliland. They also closed Ethiopia’s offices in Hargeisa and Garowe. Somalia claims Ethiopia is meddling, violating its independence. This move escalates tensions. The issue started when Ethiopia agreed to rent land in Somaliland for 50 years. Somalia believes Somaliland is theirs, so they’re furious. They fear… Read more »
https://www.aljazeera.com/news/2024/3/25/binance-executive-detained-in-nigeria-in-crypto-case-escapes-custody Tigran Gambaryan, a United States based executive, is being detained and it causes a lot of problems for Binance. Binance is a global crypto currency exchange that is already dealing with a lot of challenges. Binance has been working in Nigeria after several people blamed them for helping crash the fiat currency in Nigeria. Nigeria has even threatened the… Read more »
