The Gambian Ministry of Commerce has temporarily halted the planned increase in bread prices, initially proposed by the national bakers’ union. A statement from the Ministry confirmed that talks are ongoing with the bakers’ union to review their proposal. The price hike, which would have raised the cost of a baguette from 10 to 13…
Nigerian authorities have recorded a major milestone in crude oil production, reaching 1.7 million barrels per day (bpd) compared to 1.1 million bpd in 2022. The Director-General of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr. Gbenga Komolafe, disclosed this at the Renewed Hope Global Town Hall Conference in Abuja. Mr. Komolafe attributed the reduction…
Togo’s ruling Union for the Republic (UNIR) has secured a decisive victory in the senatorial elections held on Saturday, February 15, solidifying President Faure Gnassingbé’s hold on power. This win comes ten months after the party’s overwhelming success in the legislative elections, where it won 108 of 113 seats. According to the Independent National Electoral…
Faure Gnassingbé Set to Lead Togo’s Council After UNIR’s Senate Victory Nigeria Announces Significant Drop in Oil Theft, Boosting Oil Production Gambia’s Bakers’ Union Suspends Planned Bread Price Hike Nigeria Praised for Advancing Digital Trade Across Africa AU Moves Toward Financial Autonomy with Creation of African Rating Agency
African leaders have taken a major step toward financial independence by formalizing the creation of a continental financial rating agency. This initiative aims to provide fairer economic assessments for African nations, reducing reliance on international rating agencies that many argue are biased against the continent. The decision was a key topic of discussion at the…
