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Africa News
Egypt’s FinMin calls for local currency settlements
Egypt’s Minister of Finance emphasised the importance of expanding local currency settlements to maximise African…
Morocco’s economy to grow 2.8% in ’24 – IMF
Morocco is projected to experience economic growth of 2.8 per cent in 2024, with an increase to 3.6 per cent in…
Hong Kong eyes Egypt as investment gateway to Africa, Middle East – GAFI
Hong Kong sees Egypt as a vital investment gateway to Africa and the Middle East, with Chinese and Hong Kong firms…
S. Africa weighs tax rebates, subsidies to boost EV adoption
South Africa is exploring tax rebates and subsidies to encourage electric vehicle (EV) adoption, President Cyril…
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…
