Angola reduces benchmark interest rate to 19.5%
The central bank of Angola decided on Monday to reduce the reference interest rate from 20% to 19.5%, arguing with the slowdown in inflation and […]
Economy
Throne Day: Royal Speech Focuses on Morocco’s Socioeconomic Situation & Relations with Algeria
King Mohammed VI has called for strengthening social stability, enhancing women’s empowerment and economic performance of the country to counter regional and international challenges. In […]
South African economic growth rebounds in 2021
South Africa’s economy, buffeted by the Covid-19 epidemic and by riots, has recorded growth of 4.9% in 2021, the highest since 2007, according to official […]
Morocco scores best economic growth performance in MENA – IMF forecasts
Morocco will score the best economic growth performance in the MENA region as shown by the forecasts of the International Monetary Fund (IMF), which has […]
Sudan: Prime Minister Abdullah Hamdok accused the US of “paralyzing” the country’s economy and democracy
In an interview with the Financial Times published on Sunday, October 11, Sudanese Prime Minister Abdullah Hamdok slapped his fist on the table. He accused […]
Morocco’s King reiterates relevance of stimulus plan to bolster economy
King Mohammed VI reaffirmed the importance of the stimulus plan launched to help the economy recover from the Covid-19 impact, citing an array of measures […]
Ghana: Country’s economy fell by 3% due to Covid 19
It is a sad first in 37 years: Ghana’s economy fell by 3% in the second quarter of 2020, hard hit by the restrictive measures […]
South Africa gets $35 bln in investment pledges to revive ailing economy
South Africa got investment commitments of $35 billion as part of plans to attract $100 billion over the next five years to revive the country’s […]
Sudan unveils 21-member cabinet to fix ailing economy
Sudan’s President Omar Hassan al-Bashir on Thursday named new ministers to the key posts of finance, interior and water resources. The government of the war-torn […]
Oil-dependent Gabon economy grew 0.8% in 2017 – IMF
The International Monetary Fund on Thursday downgraded Gabon’s economy growth forecast of 2017 form 1 percent to 0.8 percent. The international lender expects growth to […]