Category: African News

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According to the latest data published by the United States Census Bureau, these African migrants ranked among those with the highest median household incomes in the United States in 2023, even surpassing the earnings of native-born Americans. South African migrants in the US boast the highest median household income among African diaspora communities, with a… Read More »African Countries whose Migrants Achieve the Highest Earnings in the U.S. Workforce

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According to the latest data published by the United States Census Bureau, these African migrants ranked among those with the highest median household incomes in the United States in 2023, even surpassing the earnings of native-born Americans. South African migrants in the US boast the highest median household income among African diaspora communities, with a… Read More »African Countries whose Migrants Achieve the Highest Earnings in the U.S. Workforce

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The country’s economy has been devastated by months of deadly protests leading to the shutdown of critical industries including a graphite mine in northern Mozambique. It’s operated by Australian firm Syrah Resources and counts Elon Musk’s Tesla among its clients. The situation could also affect key gas projects, which are being counted on to attract… Read More »Mozambique is at Risk of Defaulting

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The newly sworn-in president, John Dramani Mahama, has announced his key cabinet appointments, naming Cassiel Ato Forson as Finance Minister, John Abdulai Jinapor as Energy Minister, and Dominic Akuritinga Ayine as Attorney General and Justice Minister. Mahama, who returned to the presidency after serving from 2012 to 2017, promised a lean cabinet and swift appointments… Read More »Ghana’s Mahama Pledges Economic Recovery, Business-friendly Reforms, and Tackling Graft as He Begins his Term

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The newly sworn-in president, John Dramani Mahama, has announced his key cabinet appointments, naming Cassiel Ato Forson as Finance Minister, John Abdulai Jinapor as Energy Minister, and Dominic Akuritinga Ayine as Attorney General and Justice Minister. Mahama, who returned to the presidency after serving from 2012 to 2017, promised a lean cabinet and swift appointments… Read More »Ghana’s Mahama Pledges Economic Recovery, Business-friendly Reforms, and Tackling Graft as He Begins his Term

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The country’s economy has been devastated by months of deadly protests leading to the shutdown of critical industries including a graphite mine in northern Mozambique. It’s operated by Australian firm Syrah Resources and counts Elon Musk’s Tesla among its clients. The situation could also affect key gas projects, which are being counted on to attract… Read More »Mozambique is at Risk of Defaulting

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Eurobonds have risen to prominence in Africa because they have opened a window for governments to diversify their funding sources from traditional concessionary loans offered by the International Monetary Fund (IMF) and foreign aid, both of which are declining. In addition, multilateral loans were becoming unpopular because they set strict conditions about austerity which are… Read More »African Eurobonds are Oversubscribed yet Fundamental Economic Challenges Persist

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Eurobonds have risen to prominence in Africa because they have opened a window for governments to diversify their funding sources from traditional concessionary loans offered by the International Monetary Fund (IMF) and foreign aid, both of which are declining. In addition, multilateral loans were becoming unpopular because they set strict conditions about austerity which are… Read More »African Eurobonds are Oversubscribed yet Fundamental Economic Challenges Persist