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Africa News
Bank of Namibia cuts repo rate to 7.50%
Bank of Namibia has lowered on Wednesday the repo rate by 25 basis points to 7.50 per cent to support the economy…
Ghana CPI rises 20.9% YoY per cent in July
Ghana's Consumer Price Index (CPI) for July 2024 reached 231.0, marking a substantial rise from 191.0 in July 2023.
South Africa’s retail sales rise 4.1% in June – data
South Africa's retail trade sales grew by 4.1 per cent year-on-year in June 2024.
Egypt, Somalia trade exchange hit $59m in H1 ’24
Trade exchange between Egypt and Somalia has witnessed significant growth in the first half of 2024, reaching a…
AfDB invests $10m in African climate projects
The African Development Bank Group's (AFDB) approved a $10 million junior equity investment in the KawiSafi II Fund…
Republic of Congo’s economy to ‘gradually’ recover in ’24 –…
The Congolese economy is slowly recovering, with GDP growth projected to rise from 1.9 per cent in 2023 to 3.5 per…
AfDB allocates €92.3m for entrepreneurship, jobs in Tunisia
The African Development Bank (AfDB) has approved a €92.3 million financing package to support Tunisia's Support…
AfDB forecasts Algeria’s GDP to grow by 4.0% in ’24, 3.7% in ’25
The African Development Bank (AfDB) forecasts Algeria’s gross domestic product (GDP) will grow by 4.0 per cent in…
S. Africa’s mining production falls 3.5% YoY in June, sales 18.2% up
South Africa's mining production in June 2024 declined by 3.5 per cent year-on-year (YoY), with significant…
S. Africa’s unemployment rate rose to 33.5% in Q2
South Africa's unemployment rate rose to 33.5 per cent in the second quarter of 2024 for the third time in a row,…
