Welcome to our latest Africa news roundup, where we bring you the latest updates on business, economic, and political developments from across the continent.
Central Bank of Nigeria Supports Unity Bank and Providus Bank Merger
The Central Bank of Nigeria (CBN) has approved a merger between Unity Bank Plc and Providus Bank Limited to enhance financial stability and prevent systemic risks in Nigeria’s financial sector.
Angola Initiates a $500 Million Employment Fund
Angola has launched a $500 million National Employment Fund (Funea) to create job opportunities and reduce the country’s high unemployment rate of 32.4%.
Mozambique, China, and Tanzania Strengthen Ties Through Joint Military Drills
Military forces from Mozambique, China, and Tanzania are participating in joint military drills to enhance regional security and combat terrorism together.
Liberia Tightens Security in Response to Protest Plans
Liberia has deployed riot police to maintain public safety and order amidst anticipated protests.
Finland Backs Morocco’s Autonomy Plan for the Sahara
Finland has officially supported Morocco’s autonomy plan for the Sahara as a potential solution to the regional conflict.
Nigeria’s Power Grid Failure Leads to Widespread Outages
Nigeria experienced power outages due to a partial collapse of the national electricity grid, raising concerns about infrastructure reliability.
Financial Inflows Rise in Mozambique
Mozambique recorded a 3.6% increase in financial inflows, strengthening the country’s economic stability.