Finance

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AfDB approves $200 million loan to expand Nigeria’s digital backbone, create jobs

The African Development Bank Group (AfDB) has approved a $200 million loan to Nigeria to support a landmark digital infrastructure initiative aimed at expanding broadband access, developing digital skills and driving large‑scale job creation.

Turkey launches first overseas deep-sea drilling mission in Somalia

Turkey’s deep-sea drilling vessel Cagri Bey arrived off the coast of Mogadishu in Somalia

IMF warns Libya’s fiscal path is unsustainable despite oil windfall

Libya’s current fiscal trajectory is unsustainable and poses growing risks to macroeconomic stability, despite higher oil revenues, according to the International Monetary Fund (IMF) following its 2026 Article IV consultation.

UN warns global fragmentation threatening development gains as financing gap widens

Global fragmentation, escalating geopolitical tensions and armed conflicts are putting decades of development progress at risk, the United Nations (UN) has warned, urging governments to step up investment to meet internationally agreed development goals.