Kenya’s Central Bank Implements Bold Rate Cut to Boost Economic Growth
Kenya’s central bank has enacted a significant 75-basis-point reduction in its benchmark lending rate, lowering it to 11.25 percent in a decisive move to stimulate […]
Finance
Oxford Business Group Report: Mauritania advancing towards sustainable and inclusive growth
Mauritania is proud of its diversified economy, with various sectors driving its robust economic growth, as highlighted in Report Mauritania 2025 by Oxford Business Group. […]
South Africa: Global Tensions Impact Currency Markets
South Africa’s rand weakened against major currencies as international investors shifted toward safe-haven assets amid escalating political uncertainty in South Korea. The currency movement reflects […]
Ghana Faces Constitutional Crisis Over Pre-Election Budget Deadlock
Electoral season complications threaten governmental operations in Ghana as parliamentary deadlock imperils critical budget legislation. Traditional provisional budget passage faces unprecedented obstacles, raising concerns about […]
IMF reaches Staff-Level Agreement to release $251 Million for Ethiopia
The International Monetary Fund (IMF) has reached on November 27 a key agreement with Ethiopia on the second review of its economic aid program, clearing […]
Mozambique’s Central Bank cuts interest rate to 12.75%
The Monetary Policy Committee (CPMO) of the Bank of Mozambique announced on November 27 a reduction in the monetary policy interest rate, known as the […]
IMF improves Cape Verde growth estimates
The International Monetary Fund (IMF) has revised its economic growth projections for Cape Verde, raising its estimates by 1.3 percentage points for 2024 and 0.3 […]
Egyptian expatriates’ remittances surge to $2.7 billion following financial reforms
Remittances from Egyptians working abroad have experienced remarkable growth following a series of financial reforms implemented in March 2024, the Central Bank of Egypt (CBE) […]
IFC-Egypt: Agreement on aspects of airport privatization plan
The International Finance Corporation (IFC) announced substantial progress in its discussions with the Egyptian Government regarding the country’s airport privatization program. During a meeting on […]
Moody’s projects 5% growth for Egypt’s economy in next fiscal year
Credit ratings Agency Moody’s has expressed confidence in Egypt’s economic future, forecasting a 5% growth rate for the upcoming fiscal year, building on an estimated […]