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Africa News
Mozambique’s private sector sees modest growth in July – PMI
Mozambique's private sector experienced modest growth in July 2024, according to the latest Standard Bank…
Kenya’s private sector activity decline in July – PMI
Kenya's business activity declined in July due to political unrest and protests. The Stanbic Bank Kenya Purchasing…
$213.4b needed annually for Africa’s climate finance – AfDB
$213.4 billion annually is required from private sources to bridge Africa's climate financing gap by 2030, stated…
Nigeria’s business activity falls for 1st time in 8 months- PMI
The Nigerian private sector contracted in July as the Purchasing Managers' Index (PMI) dropped to 49.2 from 50.1 in…
S. Africa’s manufacturing activates up in July – PMI
South African manufacturing activity increased in July, according to the Purchasing Managers' Index (PMI) survey…
World Bank approves $125m IDA grant to Somalia
The World Bank has approved a $125 million International Development Association (IDA) grant to enhance Somalia's…
World Bank approves $1.5b for Ethiopia
The World Bank (WB) has approved a $1.5 billion policy operation to support Ethiopia's sustainable and inclusive…
FAO, EU launch €47m programme for E. African pastoralists
The Food and Agriculture Organisation (FAO) and the European Union (EU) have launched a €47 million programme to…
Ethiopia IMF deal paves way for debt retractation – FinMin
Ethiopia's $3.4 billion financing agreement with the International Monetary Fund (IMF) sets the stage for the…
IMF approves $3.4b for Ethiopia
The International Monetary Fund (IMF) Executive Board has approved a four-year Extended Credit Facility (ECF)…
