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Africa News
Kenya to use part of World Bank loan to repay debt
Kenya intends to allocate a portion of its World Bank budget support loan to fulfil a payment of approximately $500…
Nigeria to maintain fixed petrol prices in ’24 budget
Nigeria plans to spend 5.4 trillion naira ($3.7 billion) in 2024, a 50 per cent increase from 2023, to maintain…
West African nations advocate for carbon offsets in climate finance
A coalition of 10 West African countries has called for the inclusion of carbon offsets in corporate net-zero…
Uganda, S. Korea ink infrastructure development deal
Uganda has secured a $500 million loan from South Korea in a deal to support the infrastructure development in the…
World Bank forecasts Kenya’s GDP to decelerate to 5.0% in ’24
Kenya's real GDP rose to 5.6 per cent in 2023, surpassing 4.9 per cent in the previous year, fueled by agriculture…
Egypt’s EDA, Zambia sign collaboration pact
The Egyptian Drug Authority (EDA) and Zambia Medicines Regulatory Authority (ZAMRA) signed a memorandum during the…
Ghana’s private sector expands in May – PMI
Ghana's private sector showed continued expansion in May, with output, new orders, and employment on the rise.
S. Africa PMI signals private sector growth
South Africa’s private sector economy showed positive signs in May, PMI data released on Wednesday shows.
S. Korea-Africa summit boosts economic collaboration
Nearly 50 deals and agreements have been inked during South Korea's inaugural summit with leaders from 48 African…
Mozambique’s private sector improves in May – PMI
Private sector business conditions in Mozambique saw significant improvement in May, marking the fastest growth in…