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Africa News
Africa receives $4.61b in loans from China in ’23
Chinese lenders approved $4.61 billion in loans to Africa in 2023, the first annual increase since 2016, according…
WB, EIB fund $260,000 for Kinshasa’s climate resilience
The World Bank and European Investment Bank have provided $260,000 in technical assistance to the City of Kinshasa…
Huawei, Kenya join forces for cybersecurity boost
Chinese telecom giant Huawei has joined forces with the Kenyan government to bolster the cybersecurity capabilities…
Chinese investment boosts African energy sector
Chinese foreign direct investment (FDI) in Africa surged to $21.7 billion in 2023, largely driven by initiatives…
IMF agrees on $209m credit facility for Liberia
The International Monetary Fund (IMF) and Liberia have reached a staff-level agreement on a 40-month Extended…
Nigeria GDP up by 3.19% YoY in Q2 ’24
Nigeria's Gross Domestic Product (GDP) grew by 3.19 per cent year-on-year (YoY) in real terms during the second…
Egypt, Sierra Leone to boost infrastructure, maritime trade
Egypt and Sierra Leone are set to enhance their collaboration in infrastructure and maritime trade following recent…
Cairo, Alexandria, other African cities to dominate GDP growth by ’35 – EIU
Cairo, Egypt, along with other major African cities, is projected to be among the top 100 African cities with the…
Botswana central bank cuts interest rate by 25bps
The Monetary Policy Committee (MPC) of the Bank of Botswana on Thursday reduced the Monetary Policy Rate (MoPR) by…
S. Africa’s annual inflation down to 4.6% in July
South Africa's annual consumer price inflation decreased to 4.6 per cent in July, down from 5.1 per cent in June,…