Commonwealth News
Ghana records a growth in GDP last seen 6 years ago
Ghana's economy has recorded its fastest growth since 2019, rebounding from a period of severe economic decline. In the third quarter of 2024, the country's GDP grew by 7.2% compared to the same period last year, marking the strongest year-on-year increase since a...
Australia orders $5.1 mln fine on Kraken crypto exchange operator
Australia's Federal Court has fined Kraken's local operator, Bit Trade, A$8 million ($5.1 million) for unlawfully issuing a credit facility to over 1,100 customers. The Australian Securities and Investments Commission (ASIC) stated that Bit Trade failed to assess the...
AfDB’s AFAWA partners for $50 million financing for Nigerian SMEs
The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) programme is backing a new $50 million financing agreement to support women-led enterprises in Nigeria. Signed at the Africa Investment Forum in Rabat on 5 December, the deal between...
World Bank approves US$47.7M to improve Gambia’s public sector
The World Bank has approved a $47.7 million grant from the International Development Association (IDA) for The Gambia's Public Administration Modernisation for Citizen-Centric Service Delivery (PAMP). The first five-year programme in The Gambia aims to strengthen the...
Ether’s 61% rally outperforms Bitcoin’s $100,000 record surge
Investors are betting on Ether to surpass its 2021 milestone, drawing attention away from Bitcoin's record-breaking rally over $100,000. Bloomberg data shows US-listed Ethereum ETFs saw a record $428 million daily inflow on Thursday, with Ether outperforming Bitcoin,...
Tanzania Republic Day
The importance of this day was magnified in 1964 when Tanganyika united with Zanzibar to form the United Republic of Tanzania. This unification brought together diverse cultures, traditions, and histories, creating a stronger, more united nation. Celebrations on this...