Standard Bank opens first Egypt office as Cairo seeks deeper African integration
South Africa’s Standard Bank Group Ltd. has opened its first representative office in Egypt, expanding its African…
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sub-Saharan Africa
Egypt approves EBRD expansion
Egypt has approved amendments to the European Bank for Reconstruction and Development (EBRD) founding agreement to…
Egypt’s parliament endorses EBRD expansion into Africa, Iraq
Egypt’s House of Representatives approved Presidential Decree No. 70 of 2025, endorsing amendments to the European…
FAO to co-lead $109m of new pandemic fund projects
The Food and Agriculture Organisation (FAO) will co-lead the implementation of 21 new projects worth $109 million…
AfDB invests $10m in African climate projects
The African Development Bank Group's (AFDB) approved a $10 million junior equity investment in the KawiSafi II Fund…
Kenya’s bond market faces new tax
Kenya's struggling corporate bond market faces a new challenge as authorities plan to impose a 5 per cent…
World Bank raises global growth forecast
The World Bank revised its global economic outlook upwards, now projecting a 2.6 per cent expansion in 2024,…
Kenya, Everstrong ink $3.6b highway deal
Kenya's highways authority and US infrastructure investment manager Everstrong Capital have inked a $3.6 billion…
World Bank endorses $138.5m loan for Namibia
The World Bank has announced on Monday its approval of a $138.5 million loan to Namibia to enhance its transmission…
Amazon taps South African e-commerce market
E-commerce giant Amazon officially launched its online marketplace in South Africa on Tuesday, setting its sights…
Baker Hughes to establish new liquid mud plant in Namibia
Baker Hughes, an energy technology company, is set to establish a new liquid mud plant and a separate assembly,…
Egypt’s Sisi urges joint effort to address Africa’s economic challenges
Advancing Africa's development requires a joint effort to tackle challenges, particularly in Sub-Saharan Africa,…
Bridgewater, Global Citizen partner to aid developing nations
Bridgewater Associates and advocacy group Global Citizen have joined forces to offer macroeconomic research aimed…
World Bank to help fund 1,000 mini solar power grids in Nigeria
The World Bank (WB) will support building 1,000 solar-based mini networks in Nigeria along with the country's…
Extreme poverty in sub-Saharan Africa is on the rise: WB’s Malpass
The number of people living in extreme poverty in sub-Saharan Africa is rising. Urgent action is needed from the…
Egypt’s Shahid Law Firm eyes new Africa expansions
Shahid Law Firm aims to expand its legal advising businesses in Sub-Saharan Africa and some countries in the…
IMF sees sub-Saharan Africa growth near two-decade low in 2016
Economic growth in sub-Saharan Africa will likely slow this year to its weakest in nearly two decades, hurt by a…
DHL: Africa’s slight economic slowdown will not deter investment
The World Bank's January 2016 Global Economic Prospects reported that Sub-Saharan Africa's real Gross Domestic…
Citadel’s ASEC Expands into Sub-Saharan Africa with new Contract in Mozambique
ASEC Engineering and Management, a subsidiary of Citadel Capital (CCAP), the leading investment company in Africa…
EU Falls Short On Africa Water Projects: Auditor
More than half of the European Union's projects to provide safe drinking water in sub-Saharan Africa failed to…