“People can easily tell that because of the reform, life is harder. But you need to show them without the reform, it will be hardest,” he said. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Tuesday highlighted key lessons African countries and the rest of the world can learn from…
The Royal Swedish Academy of Sciences has awarded this year’s Nobel Prize in Economic Sciences to the American economists Robert E. Hall and Michael Woodford. The prize was awarded in recognition of their development of macroeconomic models that helped to reduce the length and depth of economic downturns. According to the Academy, the economists’ work…
Gavi-supported immunisation generated more than US$ 30 billion in economic benefits in 2025, through lower healthcare costs and healthier, more productive populations Recognising the value of immunisation, countries invested a record US$ 301 million in co-financing of Gavi-supported vaccines in 2025 Dr Sania Nishtar, Gavi CEO: “When it comes to immunisation we know that the…
The Liberia Special Economic Zones Authority (LSEZA) has secured membership in the Africa Economic Zones Organization (AEZO), opening new opportunities for Liberia to strengthen its engagement with Africa’s growing Special Economic Zones (SEZs) ecosystem. The membership provides LSEZA with access to a continental platform for knowledge exchange, technical cooperation, investment promotion, and partnerships in the…
The head of the UN’s climate body has warned that treating global warming as a partisan issue is dangerously out of step with reality, as he set out a stark account of the economic toll climate change is already inflicting on Europe. Simon Stiell, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC),…
Published: September 7, 2026 Francis Boakai Passawe* School of Postgraduate Studies in Economics, University of Liberia, West Africa, Monrovia, Liberia *Corresponding author: Francis Boakai Passawe, School of Postgraduate Studies in Economics University of Liberia, West Africa, Monrovia, Liberia. Follow us on WhatsApp | LinkedIn for the latest headlines ABSTRACT Despite Liberia recording one of the…
Nairobi — President William Ruto has called on African countries to move beyond the political liberation secured by previous generations and pursue economic independence through industrialisation, manufacturing and intra-African trade. Addressing leaders at the inauguration of Zambian President Hakainde Hichilema for a second term in Lusaka on Tuesday, Ruto said Africa’s next historic task was…
Treasury Secretary Scott Bessent and Russian Finance Minister Anton Siluanov at the G20 Finance Ministers Meeting in Asheville, N.C. on Aug. 31, 2026. Courtesy: U.S. Treasury Department U.S. Treasury Secretary Scott Bessent told Russian Finance Minister Anton Siluanov that no sanctions relief or new agreements with Moscow were possible, as long as the war in…
The final week of August was marked by intensifying geopolitical competition, continuing wars, humanitarian emergencies, economic uncertainty and devastating natural disasters. From the Middle East and Europe to Africa, Asia and Latin America, governments confronted a series of crises that demonstrated the increasingly interconnected nature of global security, economics, public health and climate change. The…
The emergence of world-class refining capacity in Nigeria led by the Dangote Petroleum Refinery represents more than an achievement in energy. It signals the possibilities of an economy increasingly defined by value addition, industrial capability, and productive investment, writes Peter Uzoho For decades, conversations about Africa’s energy future have been dominated by a familiar question:…
