World News

Seychelles’ Path to Macroeconomic Stability and Resilience

(Credit: Dark_Eni/iStock by Getty Images) July 1, 2025/IMFBlog IMF COUNTRY FOCUS Seychelles—a nation of 115 islands in the Indian Ocean—today enjoys a comparatively high degree of economic stability. Inflation is below 2 percent, real GDP has largely recovered from the pandemic, public debt is on course to reach the government’s […]

AfDB Approves $474.6 Million Loan to Support South Africa’s Infrastructure Governance and Green Growth

The landmark financing backs infrastructure overhaul, renewable energy expansion, and climate resilience while safeguarding vulnerable communities July 1, 2025/AfDB The Board of Directors of the African Development Bank Group has approved a $474.6 million loan for South Africa’s Infrastructure Governance and Green Growth Programme (IGGGP). This financing marks a significant milestone […]

Dangote Refinery Reduces Ex-Depot Price by N40 As More Marketers Join Partnership Deal

July 1, 2025/Dangote Group With assurance of steady supply of petroleum products, more independent marketers have joined the growing list of distributors retailing Dangote Refinery’s high-quality petroleum products across the country.  New marketers signed on the partnership deal with Dangote Refinery just as the Refinery management announced a reduction in its ex-depot price of Premium Motor Spirit (PMS), […]