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Africa News
Egypt’s Arab Contractors wins $70-m road project in Uganda
Arab Contractors Co. has secured a $70 million contract for the design and implementation of the 56-kilometer…
JPMorgan Chase plans African expansion
JPMorgan Chase, the largest US lender, is planning to enter Kenya and Ivory Coast this year as part of its strategy…
Egypt, Djibouti sign renewable energy deal
Egypt and Djibouti have strengthened their bilateral ties with the signing of a new agreement to develop renewable…
Nigeria’s inflation up in Sept ’24
Nigeria's inflation rate increased to 32.70 per cent in September 2024, up from 32.15 per cent in August, marking a…
Gabon’s growth slows, World Bank urges fiscal reforms
Gabon’s economy experienced a growth rate of only 2.4 per cent in 2023, impacted by transport disruptions affecting…
Egypt’s Hassan Abdalla among Global Finance’s top c.bank governors in MENA, Africa for…
Global Finance Magazine recognised Hassan Abdalla, Central Bank of Egypt (CBE) Governor, as one of the leading…
Kenya seeks IMF support amid economic adjustments
Kenya is in discussions with the International Monetary Fund (IMF) to secure additional funding by year-end and to…
IFC, Absa to fund African farmers with $50m trade facility
IFC and South Africa's Absa Group are partnering to provide a $50 million trade finance facility to Valency…
Uganda c. bank cuts rates
Bank of Uganda has cut its benchmark interest rate for the second consecutive time, marking the first back-to-back…
AECSD, AMEDA conclude landmark summit, highlighting global CSD innovations
The Association of Eurasian Central Securities Depositories (AECSD) and the Africa and Middle East Depositories…
