Why Foreign Reserves Are Keeping Africa Poor — And What To Do Instead , by Ejike E. Okpa
A successful nation does not need a foreign reserve. It needs formidable local capital formation. That’s the difference between a country that owns its future and one...
World Bank Seeks $23bn Private Funding for Africa
The World Bank Group has unveiled an ambitious financial plan to mobilise about $23bn in private capital for Africa through a massive scaling up of its risk mitigation instruments over the next four years.
According to a statement...
FG Secures Permanent African Central Bank Board Seat at AU Summit
Nigeria has secured a permanent seat on the Board of the African Central Bank, following a decision reached during the 39th Session of the Executive Council of the African Union.
The development was disclosed in...
Building Health Systems for Africa’s Vaccine Sovereignty
~ Reducing Risk, Strengthening Markets, Securing Health Futures
By Chinedu Moghalu and Nicaise Ndembi
At the 38th African Union Summit in February 2025, the continent’s Heads of State and Government issued a deliberate and consequential resolution. Health security, local...
Africa struggled to attract Foreign Direct Investment (FDI) in 2025 as inflows fell by 38 percent, even as global FDI rebounded by 14 percent, according to preliminary estimates by the United Nations Conference on Trade and Development (UNCTAD).
Nigeria Not Among Africa's Fastest-Growing Economies - IMF
The International Monetary Fund (IMF) has revealed that Nigeria is not among Africa’s fastest-growing economies, as countries such as Benin Republic, Côte d’Ivoire, Ethiopia, Rwanda, and Uganda continue to lead the continent’s growth trajectory in the world.
The...
