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Tunisia To Borrow $7 Billion From Foreign Sources In 2022
The Tunisian government has announced new plans to grow the country’s economy in the coming year. Authorities say the country would borrow up to $7 billion from both foreign lenders and domestic sources. Tunisia’s finance minister Sihem Boughdiri said the country’s new finance laws would boost national spending by over three percent year on year…
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Borno, Osun, Kogi Lead Dirtiest States In Nigeria
Borno, Osun and Kogi have emerged as the top three dirtiest in Nigeria with cleanliness performance index ratings of 12 per cent, 13 per cent and 14 per cent. According to a new report, no fewer than 172.7 million Nigerians are living in an unclean environment. Clean-Up Nigeria, an international non-governmental organisation with consultative status…
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Mine Deaths In South Africa Rise To 69 In 2021
Death toll in South African mines has risen to 69, up from 48 a year earlier, the Department of Mineral Resources and Energy said in a statement Monday. Miners are looking to improve safety practices to address the falls of ground and transport-related accidents that were the leading causes of death in the sector, the…
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Angola To Invest $445 Million In Logistics Hubs
The Angolan government plans to invest over US$445.5 million (392.3 million euros) to build 21 logistics centres, by 2038, to minimise the challenges of goods transportation. Minister for Transport, Ricardo de Abreu, made this known at the launch of the international public tender for the concession, construction, operation and commercial management of the Soyo and…
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Food Prices Fall For The 7th Month Straight As Nigeria Battles Inflation
New government reports have shown a steady decline in the price of food for the seventh month running even as consumers claim otherwise. Nigeria’s inflation rate reportedly fell to 15.99 percent in October compared with the same period last year and was 0.64 percent lower than September’s annualised reading, according to Nigeria’s National Statistics office…
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Nigerian Senate Increase Prisoner’s Feeding Cost By 122%
A little over 62,260 people that makeup Nigeria’s prison population would now earn up to N1000 for daily feeding allowance, according to a senate committee’s new decision. The Senate Committee on Interior recently agreed to increase the daily feeding cost of prisoners per day from N450 to N1,000, as proposed in the 2022 budget. The…
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Global Food Prices Hit A 10-Year High – UN
United Nations Food and Agriculture Organization has reported the continuous climb in food prices around the world, hitting a fresh decade high last month. The FAO Food Price Index climbed for a third straight month in October, jumping 3 percent from the previous month to reach its highest level since July 2011. Cereal prices overall…
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Over 1 Million People In Madagascar In Need Of Urgent Relief
Amnesty International has asked the world and Madagascar’s government to step up relief efforts for over a million people affected by drought in southern Madagascar. More than a million people on Madagascar’s parched southern tip are on the brink of famine and some are already dying, the global rights watchdog said in a report on…
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IMF Revises Global Economy Growth Forcast To 5.9%
The International Monetary Fund has reduced its headline forecast for global economic growth this year by 0.1 percent to 5.9 percent while leaving its projections for 2022 unchanged at 4.9 percent. IMF’s latest outlook released on Tuesday showed that global economy had not recovered from last year’s COVID-19 disruption, stating the “dangerous divergence” between richer…
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Nigeria’s inflation falls to 16.63%, lowest in eight months
According to the National Bureau of Statistics, the inflation rate in Nigeria declined for the sixth consecutive month to 16.63 percent in September. Its lowest level since January this year. In its Consumer Price Index, NBS said the inflation rate fell by 0.38 percent from 17.01 per cent in August. The drop in headline inflation…