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Africa News
Kenya targets 3.8% budget deficit for FY ’25/’26
Kenya will target a budget deficit of 3.8 per cent of GDP in the FY 25/26 , a senior official from the Ministry of…
Egypt’s trade w/ African blocs up in ’23
Egypt’s total trade with African Union countries reached $9.2 billion in 2023, marking a 5.7 per cent increase from…
Zimbabwe cuts spending amid currency devaluation
Zimbabwe cuts spending as currency devaluation strains the budget. The Treasury has directed government departments…
World Bank forecasts 1.2% growth for Tunisia in ’24
Tunisia’s economy is set to grow by 1.2 per cent in 2024, according to the World Bank’s latest report, as the…
Zambia raises interest rate to 14%
Zambia raised its benchmark interest rate to 14 per cent on Wednesday as inflation continues to surpass the Bank of…
Uganda projects Shs 57.441t resource envelope for FY25/26
Uganda’s preliminary resource envelope for the 2025/26 financial year is projected at Shs 57.441 trillion,…
IMF approves $415m disbursement for Morocco
The International Monetary Fund (IMF) Executive Board has completed the second review of Morocco’s Resilience and…
Nigeria signs $1.2b deal to revamp gas processing plant
Nigeria has taken a significant step towards reviving its dormant aluminium industry by signing a $1.2 billion…
Egypt-COMESA trade hits $14b in ’23
Egypt’s trade with COMESA countries reached $14 billion in 2023, with further growth anticipated as Egypt…
Fitch assigns Chad ‘B-‘ IDR rating with stable outlook
Fitch Ratings has assigned Chad a Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B-' with a Stable…
