Nigeria Records Strongest Economic Growth in a Decade Amid Structural Reforms
In 2024, Nigeria achieved its highest economic growth in ten years, according to the World Bank, marking a significant recovery driven by bold structural reforms […]
Finance
French AFD Supports OCP’s Green Transition Program with €350 Million
The French Development Agency (AFD) and Morocco’s fertilizer giant OCP Group have signed a €350 million financing agreement to support OCP’s ambitious green investment program, […]
Mozambique’s Soaring Debt Poses Mounting Fiscal Risks Despite External Relief
Mozambique’s public debt ballooned by 26.2% over five years, reaching a record US$16.2 billion at the close of 2024, according to a newly released report […]
French Development Agency Expands its Investments in Morocco to Saharan Provinces
The French Development Agency (AFD) group is expanding its investments in Morocco to the Sahara provinces with plans to inject around €150 million in these […]
Kenya Targets Lower Budget Deficit Amid Austerity Push and IMF Pressure
Kenya’s Government has announced on Tuesday 29 April plans to cap its fiscal deficit at 4.5% of GDP for the 2025/26 financial year, a modest […]
Zimbabwe Seeks Reduction in US Tariffs through Direct Talks
Zimbabwe’s Finance Minister, Mthuli Ncube, revealed on Sunday, April 27, that the country has engaged in direct negotiations with the United States to seek a […]
VAT Hike Abandoned Amid Coalition Tensions in South Africa
Plans to raise South Africa’s value-added tax (VAT) have been abandoned on April 24 by the Finance minister, following intense opposition from coalition partners. The […]
South Africa’s Economic Growth Forecast Downgraded by IMF Amid Tariff Concerns
A reduced economic growth forecast for South Africa has been issued by the International Monetary Fund (IMF), with the 2025 projection being cut from 1.5 […]
Nigeria’s $6.84bn Balance of Payment Surplus Signals Economic Resilience and Stability
The Democratic Front (TDF) has hailed on April 21 Nigeria’s $6.84 billion balance of payment surplus for 2024 as a key indicator of economic strength […]
Senegal: Five Former Ministers Accused of Misappropriating Covid-19 Funds
Five former ministers from the regime of ex-President Macky Sall may face prosecution before Senegal’s High Court for the alleged embezzlement of public funds, according […]