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Africa News
World Bank projects 4.7% growth for Kenya in ’24
Kenya’s economy is forecasted to grow at 4.7 per cent in 2024, down from 5.6 per cent in 2023 and closer to the…
Central Bank of Egypt shares financial literacy expertise with Mauritanian delegation
The Central Bank of Egypt (CBE) recently hosted a delegation from the Banque Centrale de Mauritanie (BCM).
Protests cut Mozambique’s power supply by 1/3
Mozambique's electricity supply to its southern regions, including the capital Maputo, has dropped by one-third…
S. Africa’s current account deficit narrows in Q3 ’24
South Africa's current account deficit narrowed to R70.8 billion in the third quarter of 2024, from a revised R75.3…
World Bank: Sustainable forestry key to CAR’s growth
The Central African Republic’s economy is facing stagnation, with a modest GDP growth forecast of 0.7 per cent in…
Italy, AfDB sign €400-m climate finance deal
Italian state lender Cassa Depositi e Prestiti (CDP) and the African Development Bank (AfDB) have signed a €400…
Mozambique’s private sector contracts in Nov. ’24
Mozambique’s private sector experienced its sharpest contraction in nearly three years as the Purchasing Managers’…
Uganda’s private sector growth accelerates in Nov. ’24
Uganda's private sector saw continued growth in November, with the Purchasing Managers’ Index (PMI) rising to 55.7,…
Kenya’s private sector records modest growth in Nov. ’24
Kenya’s private sector showed moderate growth in November, with the Purchasing Managers’ Index (PMI) rising to 50.9…
Ghana’s inflation hits 23% in Nov
Ghana's consumer inflation rose for the third consecutive month in November, reaching 23.0 per cent year-on-year…