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Africa News
EBRD forecasts stable growth for Morocco in ’25
The European Bank for Reconstruction and Development (EBRD) anticipates a positive economic performance in Morocco,…
S. Africa’s unemployment climbs to 32.9% Q1 ’24
South Africa's unemployment rate climbed to 32.9 per cent in the first quarter of 2024, up from 32.1 per cent in…
Africa to receive $550m Vitol clean cooking investment
Vitol, along with its subsidiary Vivo Energy, plans to allocate over $550 million by 2030 towards developing…
Kenya proposes tax on infrastructure bonds
The Kenyan government plans to implement a tax on interest earned from infrastructure bonds, potentially reaching…
China’s Sinohydro discusses building $180m power transfer in Uganda
Uganda is in talks with Sinohydro Corporation Limited to establish a $180 million power transmission line to supply…
Vodacom’s profits dip 10.8% on Ethiopia startup costs
Vodacom Group reported a 10.8 per cent decline in full-year earnings on Monday, citing start-up losses in Ethiopia…
Angola to boost offshore production incentives
Angola's President Joao Lourenco is poised to greenlight a law by June, introducing fresh incentives to foster…
Ethiopia-Djibouti railway transports 680k passengers in 6 yrs
Ethiopia- Djibouti railway, a Chinse construction, has facilitated the transportation of 680,000 passengers and 9.5…
IMF, DR Congo reach staff-level agreement
The International Monetary Fund (IMF) and the Democratic Republic of Congo (DRC) have reached a staff-level…
Egypt’s c. bank offers EGP 50b in T-bills
The Central Bank of Egypt (CBE) on Thursday offered a total of 50 billion Egyptian pounds in two treasury bills…
