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Finance

Egypt receives first installment of EU’s Macro-Financial Assistance Program

January 3, 2025 Khalid Al Mouahidi 0

During the weekly press conference on Wednesday, January 1, Prime Minister Mostafa Madbouly announced that Egypt has received the first installment of the European Union’s […]

BFA improves Angola’s GDP growth to up to 4.5% in 2024

January 3, 2025 Steven Addamah 0

Banco Fomento Angola (BFA) has raised its growth forecast for Angola’s economy in 2024 to as much as 4.5%, following stronger-than-expected results in the third […]

Egypt: 3.5% economic growth in Q1 FY2024/25

January 1, 2025 Khalid Al Mouahidi 0

Egypt’s economy has shown remarkable resilience amid global uncertainties, achieving a solid 3.5% growth in the first quarter of the 2024/25 fiscal year, a notable […]

Protests erupt in Port Sudan over introduction of new banknotes

January 1, 2025 Pawla Nibramich 0

Dozens of Sudanese protesters took to the streets of Port Sudan on Tuesday, December 31, to oppose the Government’s decision to partially replace banknotes in […]

Angola’s economic situation worsens, consumer confidence declines

December 31, 2024 Steven Addamah 0

The economic challenges faced by Angola and its families have deepened over the past year, driven by rising unemployment and increasing prices for goods and […]

Morocco Launches ‘AfriDou@ne’ Program to Boost African Customs Cooperation

December 30, 2024 Khalid Al Mouahidi 0

Morocco’s Customs and Indirect Tax Administration (ADII) has announced the launch of the “AfriDou@ne” program, a flagship international cooperation initiative aligned with its 2024-2028 strategic […]

Egypt: CBE keeps interest rates unchanged in final meeting for 2024

December 29, 2024 Khalid Al Mouahidi 0

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) met on Thursday, December 26, and decided to maintain the overnight deposit rate […]

Cape Verde to raise key interest rates by 50 basis points

December 28, 2024 Pawla Nibramich 0

Cape Verde’s banking system has leveraged the interest rate differential to increase liquid assets abroad, according to a statement issued by the BCV (Bank of […]

UAE becomes Africa’s leading investor with staggering $110bn projects across continent

December 25, 2024 Geraldine Boechat 0

The United Arab Emirates (UAE) has rapidly become Africa’s leading investor, committing over $110 billion to new business projects across the continent from 2019 to […]

IMF releases immediate tranche of $47.4 million for Mauritania

December 20, 2024 Khalid Al Mouahidi 0

In a recent press release, the International Monetary Fund (IMF) announced the approval of an immediate disbursement of approximately $47.4 million (36.16 units of account) […]

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