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Africa News
Egypt, Rwanda sign pharmaceutical co-operation deal
The Egyptian Drug Authority (EDA) has formalised a partnership with its Rwandan counterpart, signing a Memorandum…
Egypt to establish logistics zone in Rwanda
Egypt has secured a plot of land near Rwanda’s border with Tanzania for the establishment of a logistics zone.
Magdi Yacoub Rwanda-Egypt Heart Centre Phase I starts
The first phase of the Magdi Yacoub Rwanda-Egypt Heart Center was inaugurated on August 12. The ceremony, attended…
Egypt seventh largest oil reserves in Africa – report
Egypt secured the seventh spot among Africa's top oil reserve holders, boasting 3.3 billion barrels, according to a…
World Bank: Cameroon’s growth to hit 4.0% in ’24
Cameroon's real GDP growth is projected to rise to 4.0 per cent in 2024, with an average of 4.5 per cent from 2025…
Bank of Uganda cuts interest rate by 25 basis points
Bank of Uganda Monetary Policy Committee (MPC) reduced the Central Bank Rate (CBR) by 25 basis points to 10 per…
Kenya’s economy expected to see 5.5% growth in ’25
Kenya's economy is expected to grow by 5.5 per cent in 2025, closely aligning with this year's 5.4 per cent growth…
Africa’s wealthiest city faces $12b repair backlog
Johannesburg, known as Africa’s richest city, requires 221 billion rand ($12 billion) to address maintenance and…
S. Africa output declines, optimism rises in July – PMI
South African businesses experienced a sharper decline in activity in July, with the S&P Global South Africa…
Uganda’s private sector continued to improve in July – PMI
Uganda's private sector continued to improve in July, according to Stanbic Bank Uganda's Purchasing Managers' Index…
