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US$11 billion fraud case spotlights Nigeria’s resource governance woes

One of the biggest international arbitration cases in recent history is due to go to trial in London in January 2023, pitting the Nigerian...

Oil jumps by over 2% as China eases COVID curbs

Oil prices jumped more than 2% on Friday after health authorities in China, the top global crude importer, eased some of the country’s heavy COVID...

UK economy shrinks at start of feared long recession

Britain's economy shrank in the three months to September at the start of what is likely to be a lengthy recession, underscoring the challenge...

Germany to take on 45.6 billion euros in new debt in 2023

Germany will comply with its constitutional debt brake next year for the first time since 2019, even as it takes on significantly more new...

Ex-Goldman Sachs banker arrested over alleged Ghana bribery scheme

Former Goldman Sachs Group Inc. banker Asante Berko was arrested on charges that he orchestrated bribes to Ghanaian officials while employed at the investment...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...
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