The International Monetary Fund (IMF) has concluded its latest mission to Senegal without finalizing a new lending programme, though discussions are still ongoing. Mission Chief Edward Gemayel confirmed that negotiations would continue in the coming weeks, noting that Senegal’s government was committed to restoring fiscal discipline after uncovering billions of dollars in unreported debt left …
Africa’s next economic revolution may not come from its oil wells, gold mines, or farmlands but from trust, transparency, and technology. A new survey by Co-Develop, released on the sidelines of the Global Digital Public Infrastructure (DPI) Summit 2025 in Cape Town, has revealed a groundbreaking trend. Across six African countries, citizens overwhelmingly believe that …
The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) has cautioned Nigeria and other countries recently removed from the Financial Action Task Force (FATF) grey list against complacency, urging them to sustain their reforms and strengthen anti-money laundering and counter-terrorist financing frameworks. GIABA Director General, Mr Edwin W. Harris Jr, gave the warning …
Despite a dramatic threat from US President Donald Trump to launch military action against Nigeria over alleged Christian persecution, the country’s economy remains remarkably stable, reflecting resilience amid geopolitical tensions. Data from key economic activities as monitored by Pinnacle daily highlight a robust economic outlook, showcasing the Nigerian economy’s ability to weather external challenges. Trump's …
Mali’s military ruler, General Assimi Goita, has addressed the nation for the first time regarding the ongoing fuel crisis, warning of deadly risks faced by citizens and tanker drivers amid a blockade by a jihadi group. Speaking early this week during a visit to Bougouni in southern Mali to inaugurate a lithium mine, Goita said, …
Tanzania’s President Samia Suluhu Hassan was on Monday sworn in for a second term in office amid heavy security, following an election that has been widely condemned by the opposition and international observers. The ceremony, held at a military parade ground in the capital city, Dodoma, was closed to the public and broadcast live on …
Air travel in Tanzania grounded to a halt over the weekend as domestic flights were cancelled and international travel severely disrupted following President Samia Suluhu Hassan’s landslide election victory, which opposition groups have rejected. Hundreds of passengers were stranded at airports, with many unable to access flight information due to widespread internet blackouts. “We are …
In a landmark achievement for football in Niger, the global governing body FIFA has officially launched two FIFA Arena mini-pitches as part of its innovative FIFA Arenas project. This significant event took place over the weekend and marks a pivotal moment in the West African nation’s sporting history. The newly inaugurated pitches, located at CES …
Western nations have begun moves to evacuate their citizens from Mali as a deepening fuel blockade threatens to paralyse the country, ignite public anger, and weaken the ruling military junta’s grip on power. The United States on Thursday ordered non-essential embassy staff and family members to leave the country, joining Germany, Italy, and other Western …
The city of al-Fashir, the historic heart of Sudan’s Darfur region, has descended into a nightmare. Once a hub of culture, trade, and education, the city now stands as a stark symbol of the human cost of Sudan’s ongoing war. Over the past week, the Rapid Support Forces (RSF), a paramilitary group led by General …
