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Nigeria Among 30 African Nations Facing $20,000 US Visa Bond Requirement
Nigeria is among 30 African nations affected by the new permanent US visa bond programme. The policy allows US consular officers to demand refundable deposits of up to $20,000 from certain visa applicants, creating a major financial hurdle for business and leisure travellers.
African Financial Stability Report Debuts as Egypt Launches First Continental Banking Risk Assessment
The Central Bank of Egypt has unveiled the African Financial Stability Report, the continent's first unified assessment of banking sector strength, financial risks and economic resilience across 46 countries representing nearly 90 percent of Africa's GDP.
US Visa Services in Africa Overhauled as 25 Posts Lose Routine Processing
The United States has centralised US visa services in Africa into 20 regional hubs, ending routine visa processing at 25 diplomatic posts. The move affects tourist, business, work and immigrant visa applicants across the continent...
East Africa’s Economic Outlook Faces $119 Billion Financing Gap Despite Strong Growth
East Africa's economic outlook remains Africa's strongest, with growth projected at 5.9% in 2026 despite a $119 billion annual financing gap. The African Development Bank says stronger domestic revenues, private investment and deeper capital markets will be critical to sustaining growth ...
Electricity subsidy removal plan revives Nigeria’s old promise of transparency
Nigeria's plan for electricity subsidy removal from 2027 has reignited debate over transparency, power sector debt and whether consumers can trust official subsidy figures. While the government promises a gradual phase-out, critics argue that key questions about costs, beneficiaries and accountability remain unanswered.
