Egypt Unveils New Economic Narrative, Targets 7% GDP Growth by 2030
Egypt’s Minister of Planning, Economic Development, and International Cooperation, Dr Rania Al-Mashat, announced on Sunday, September 7, that the country is aiming for 7 percent […]
Finance
New AfDB President Sidi Ould Tah Calls for Paradigm Shift to Tackle Africa’s Challenges
Mauritanian economist Sidi Ould Tah officially assumed office on 1 September 2025 as the ninth president of the African Development Bank (AfDB), pledging to build […]
Qatar’s $103bn Africa bet signals shift in Gulf’s global strategy
Qatar has unveiled an ambitious $103 billion investment plan across six African nations, marking one of the Gulf state’s largest-ever international expansion efforts. Spearheaded by […]
Africa Loses \$88 Billion Annually to Illicit Financial Flows, Warns African Union
The African Union (AU) has raised alarm on August 31 over illicit financial flows draining nearly $88 billion from the continent every year. These transactions, […]
Ethio Telecom Unveils Three-Year Strategy to Reach 100 Million Subscribers by 2028
Ethiopia’s state-owned operator, Ethio Telecom, has launched a new three-year development roadmap, “Next Horizon: Digital and Beyond 2028,” aimed at expanding its customer base to […]
East Africa launches $2.15B cross-border railway project to boost trade and cut costs
Construction has begun on East Africa’s first-ever cross-border standard gauge railway (SGR), a $2.15 billion project linking Uvinza in western Tanzania to Musongati in eastern […]
Mozambique’s Sovereign Wealth Fund Receives Record Gas Revenues Amid Debate Over Usage
Mozambique has channelled US$210 million into its Sovereign Wealth Fund (FSM) by June 2025, surpassing the total contributions made in the whole of 2024! According […]
AfDB Commits $500m to Propel Ethiopia’s $10bn Mega-Airport Project
The African Development Bank (AfDB) has pledged a $500 million loan towards Ethiopia’s new $10 billion international airport in Bishoftu, southeast of Addis Ababa. The […]
Germany’s €10M Africa pledge signals intent, but strategy still lags behind rivals
Germany has recently pledged €10 million to the G20 Compact with Africa (CwA), signaling renewed commitment to boosting private investment and sustainable growth across the […]
Nigeria Records 3.13% GDP Growth in Q1 2025 Amid Structural Reforms and Economic Rebasing
Nigeria’s economy witnessed a notable boost in the first quarter of 2025, as its Gross Domestic Product (GDP) grew by 3.13% in real terms year-on-year, […]