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Africa News
Ghana to announce winner for its first nuclear project soon
Ghana plans to finalise the selection of a company for its first nuclear power plant by December, with contenders…
Italy’s Saipem secures $3.7b Angola contracts
Saipem has secured contracts worth $3.7 billion with a subsidiary of TotalEnergies to undertake work on Angola's…
Nigeria’s naira decline prompts rate discussions
The Nigeria's naira has sharply declined since mid-April, with a 28-year high inflation rate likely prompting the…
Kenya GDP grows by 5.6% in ’23
Kenya's economy expanded by 5.6 per cent in 2023, up from a revised 4.9 per cent in the previous year, according to…
Egypt sets EGP 4b investment plan for Qena governorate
Egypt's Ministry of Planning and Economic Development allocated four billion Egyptian pounds for an investment plan…
Egypt’s food exports hit 405K tons in 1 week – NFSA
Egypt’s food exports reached 405,000 tons in the week ended on May 14, compared to a week earlier
Egypt’s c. bank issues EGP 55b in T-bills
The Central Bank of Egypt (CBE) is offering 55 billion Egyptian pounds in treasury bills (T-bills) on Sunday, in…
Dangote refinery seeks US crude boost
Nigeria’s recently established Dangote mega refinery, situated near Lagos, is aiming to procure millions of barrels…
S. African rand hits 5-m high
The South African rand surged to its highest level in five months on Thursday, buoyed by improving risk sentiment…
China’s battery industry sparks Moroccan investment
Chinese auto battery manufacturers Hailiang and Shinzoom are gearing up to establish two separate plants in…
