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Africa News
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…
Nigeria’s Dangote Refinery counters fuel shortage claims
Nigeria’s Dangote Oil Refinery holds a 500-million-litre petrol stockpile, founder Aliko Dangote revealed,…
Nigerian Moniepoint raises $110m to expand African FinTech solutions
Nigeria-based fintech Moniepoint has secured $110 million in new funding from investors, including Google, to…
Sudan boosts pledge as Africa seeks $25b for development fund
Sudan has boosted its pledge to the African Development Fund’s upcoming replenishment, committing $3 million,…
IFC to finance Nigerian private sector projects
The International Finance Corporation (IFC) and Nigeria's Central Bank (CBN) have signed a strategic agreement to…
Egypt’s FinMin calls for stronger private sector role in Africa
Egypt’s Finance Minister Ahmed Kouchouck emphasised the vital role of the private sector in increasing production,…
Egypt’s FinMin calls for local currency settlements
Egypt’s Minister of Finance emphasised the importance of expanding local currency settlements to maximise African…
Morocco’s economy to grow 2.8% in ’24 – IMF
Morocco is projected to experience economic growth of 2.8 per cent in 2024, with an increase to 3.6 per cent in…
Hong Kong eyes Egypt as investment gateway to Africa, Middle East – GAFI
Hong Kong sees Egypt as a vital investment gateway to Africa and the Middle East, with Chinese and Hong Kong firms…
S. Africa weighs tax rebates, subsidies to boost EV adoption
South Africa is exploring tax rebates and subsidies to encourage electric vehicle (EV) adoption, President Cyril…
