WestAfrica

Standard Chartered and Other Banks Set to Provide $800 Million Loan for Ivory Coast’s Development

7 days ago

In a significant financial development, Standard Chartered and a coalition of prominent international banks are preparing to offer an $800 million loan aimed at bolstering the economic growth of Ivory Coast. This funding initiative comes as part of broader efforts to support critical infrastructure projects and enhance the country's developmental prospects.

West African Juntas Under Pressure: Six-Month Countdown to Rethink Trade Bloc Exit

7 days ago

In a significant development regarding regional politics and economic alliances, the leaders of military juntas in West Africa have been granted a six-month ultimatum to reconsider their decision to withdraw from the Economic Community of West African States (ECOWAS). This announcement comes amid rising tensions and challenges within the region, primarily influenced by recent coups in multiple member states.

Gambia Sets Ambitious Goals to Lower Fiscal Deficit Amid Promising Growth Projections

1 month ago

In a strategic move aimed at improving its economic landscape, Gambia's government has unveiled plans to decrease its fiscal deficit in the upcoming year. The announcement comes as the West African nation anticipates stronger growth driven by various economic reforms and an uptick in investment opportunities, setting a positive tone for its financial outlook.

Mali Demands $160 Million from Resolute Mining Following CEO Detention

1 month ago

The Mali government is seeking to recoup $160 million from Resolute Mining as tensions escalate following the detention of the CEO of its subsidiary, which oversees gold mining operations in the West African nation. The move underscores the precarious relationship between foreign mining companies and local governments, especially in regions where natural resources are a focal point of contention.

BP's Greater Tortue Project Set to Transform Mauritania's Energy Landscape

2 months ago

In a significant stride towards advancement within the energy sector, BP is preparing to commence the development of its Greater Tortue Ahmeyim gas project. Located off the coast of Mauritania and Senegal, this project is poised to be a cornerstone of Mauritania's energy future, offering both economic and social benefits to the region.

West African Coast Faces Looming Flood Threat Amid Lack of Protections

2 months ago

The West African coastline is bracing for significant flooding risks as the season of heavy rainfall approaches, raising alarms among environmentalists and local communities. This region, caught in the throes of climate change, is witnessing severe erosion and inadequate infrastructure to combat the impending natural disasters. Experts are sounding the alarm over the dire consequences that such flooding can have on local populations and economies.