Mozambique moving on with its ambitious $80bn energy plan despite ongoing unrest
Put aside the recent warning from the IMF that the continuing post-election unrest in Mozambique is poised to negatively impact its economic growth, the south-east […]
Finance
Egypt receives first installment of EU’s Macro-Financial Assistance Program
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
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
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
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
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
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
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
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
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 […]