Africa

Major internet outage hits West and Central Africa

A major internet outage affected West and Central Africa on Thursday, the internet observatory Netblocks said, as operators of multiple subsea cables reported failures. The...

Nigeria’s naira hits record lows, stocks sink

The Nigerian naira fell to record lows on both the official and unofficial markets on Monday, while stocks posted their biggest one-day fall in...

Niger misses debt payment, default up to almost $520 million

Niger last week missed a debt payment of 13.4 billion CFA francs ($22 million), the West African debt management agency said on Monday, bringing...

Africa’s economic growth fell to 3.2% in 2023, says AfDB

Africa's economic growth fell to 3.2% last year from 4.1% in 2022, the African Development Bank said on Friday, but it projected higher growth...

Ghana overseas debt restructuring seen delayed not scuppered by new finance minister

 International investors greeted the removal of Ghana's finance minister with caution on Wednesday, as they braced for the prospect of more delays to the restructuring of...

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