In the wake of a recent coup that shook the political landscape of Gabon, the newly appointed Prime Minister, Raymond Ndong Sima, has declared his commitment to honoring the nation’s debt obligations while also seeking to implement reforms to stabilize the economy and combat corruption within the government. As the nation grapples with the fallout […]

In response to the devaluation of the naira earlier this year, Nigeria’s central bank has issued a directive instructing the nation’s financial institutions to redirect the substantial gains from currency revaluation towards building safeguards against potential future losses. This move comes as part of the country’s broader currency reform efforts aimed at attracting foreign investment […]

Senegal’s dollar bonds due in 2033 have experienced a notable surge in value following President Macky Sall’s decisive move to eliminate the possibility of a controversial third-term bid by selecting a favored successor. In a pivotal announcement made over the weekend, President Sall publicly endorsed Prime Minister Amadou Ba, a seasoned 62-year-old technocrat, as the […]

In a bid to bolster innovation and entrepreneurship across the African continent, Black Ostrich Ventures, a prominent venture capital firm based in Los Angeles, has unveiled a new pre-seed and seed-stage fund worth $20 million. The fund is specifically dedicated to supporting startups in the fields of cleantech, agtech, and edtech. In an official statement […]