AFRICA DYNAMITE 🌍

K enya's Tre­asury Secretary, Ukur Yatani, has announced that the­ country is planning to request additional loans from China to support its infrastructure proje­cts. The goal is to secure funding for various ambitious initiative­s like constructing new railway lines, roads, and ports. Ke­nya recognizes the importance­ of diversifying its sources of financing and views China as a valuable­ partner in this endeavor. In rece­nt years, Kenya has taken on significant borrowing to support its infrastructure­ projects, causing its debt-to-GDP ratio to reach 70% in 2021. This mounting de­bt has raised concerns among many expe­rts who fear a potential crisis if proper manage­ment is not in place. Howeve­r, the government justifie­s its borrowing, asserting that it is crucial for funding its developme­nt goals. Over the­ past few years, China has eme­rged as a significant lender to Ke­nya. The two countries have e­ntered into multiple loan agre­ements, showcasing China's support for Ken...

C ameroon has been experiencing high inflation since November 2021, pushed particularly by means of a shortage and increase in the prices of staple items such as bread, wheat, vegetable oil, and meat. The inflation charge has been further exacerbated through disruptions in the worldwide price chain due to the COVID-19 pandemic, the ongoing war in the north-west and south-west regions of the country which is also draining most of the country's finances and the ongoing Ukraine-Russia war. The war in Ukraine has impeded Cameroon's economic restoration, heightening inflation pressures and domestic structural vulnerabilities. Despite these demanding situations, the real GDP boom was projected to attain 4.0 percentage in 2022 and 4.6 percentage by way of 2024. market in the central region According to the World Bank, Cameroon's poverty reduction rate is lagging at the back of its population growth rate, and the overall range of the poor in Cameroon increase by 12% to 8.1 million ...

N iger has reduced its planned spending for 2023 by 40% due to global sanctions imposed after the military took power in a July coup. The country is one of the poorest in the world and heavily depends on foreign resources to assist its populace of 25 million. The sanctions have caused a massive decline in both external and internal revenues, in step with the military regime that came to power in Niger through the coup. The revised budget ranges from 1,981 billion CFA francs (3 billion euros) as compared to 3,291 billion. The junta-appointed top minister, Ali Mahaman Lamine Zeine, has warned that an austerity price range might be carried out, with a concern on ensuring finances for safety and paying civil servant salaries. The coup in Niger has caused condemnation from the nearby bloc ECOWAS, the European Union, and America, who imposed sanctions, froze assets, or halted useful resources. A trade blockade has pushed up the price of food and created a shortage of critical goods, together...

I vory Coast's President Alassane Ouattara has removed the country's Prime Minister Patrick Achi and dissolved the government in a major reshuffle. The statement was made by the presidency's secretary general, Aboudramane Cisse, on Friday, October 6, 2023. No purpose became given for the unexpected move, however it isn't unusual for presidents in Ivory Coast to make drastic, unexpected modifications to their governments.   President Alassane Ouattar The president expressed his gratitude to Prime Minister Patrick Achi and all contributors of the government for their commitment to serving the country during the last years. They will remain temporarily in charge until a new prime minister and other government members are appointed. The move comes a few years into the presidential elections that are scheduled for 2025. The dismissal of Prime Minister Patrick Achi and the dissolution of the government have been met with mixed reactions from the general public. Some have prai...

Lagos police have named a nursing assistant because the top suspect within the loss of life of Nigerian Afrobeat megastar MohBad, who died in September at the age of 27. The police declaration arrived after an intently-watched investigation that triggered Aloba's body to be exhumed for an autopsy as the government looked for clues to his loss of life. The nursing assistant is said to have injected MohBad with drugs, main to his untimely demise. Mohbad MohBad, whose real name is Ilerioluwa Oladimeji Aloba, changed into a rising star in the Nigerian music industry, acknowledged for his inclusive hits "Feel Good" and "Peace". His demise on September 12, 2023, in a Lagos health center led to an outpouring of grief and protests with the aid of heaps of fans worried about justice. The case has introduced a focus on alleged abuse via powerful figures within Nigeria's multimillion-greenback Afrobeat music enterprise. The police also detained Naira Marley, a first-ra...