August 24, 2026

World Bank Backs Nigeria With $1.25 Billion loan As Debt Crosses $51 Billion

Nigeria has secured a major new financial commitment from the World Bank, tied to reforms and a six-year strategy that will shape borrowing and delivery until 2032. On Wednesday July 1, 2026, the World Bank Group endorsed a new Country Partnership Framework covering 2026 to 2032 and approved a $1.25 billion financing package called the […]

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DR Congo – Africa’s Longest-Running Conflict

While Sudan represents the world’s largest humanitarian crisis, eastern Democratic Republic of the Congo (DR Congo) is home to one of the world’s most complex and enduring conflicts. Violence has persisted for more than three decades, evolving through successive rebellions, regional wars and the emergence of dozens of armed groups. Despite repeated peace agreements, millions

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AfDB Approves €100 Million for Africa’s First EV Battery Gigafactory in Morocco

The African Development Bank (AfDB) has approved a €100 million loan to support construction of Africa’s first electric vehicle (EV) battery gigafactory in Morocco, marking a major milestone in the continent’s clean-energy industrial development. The project, led by Chinese battery manufacturer Gotion High-Tech, will be built in the Atlantic Free Zone in Kénitra, in Morocco’s

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