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Africa
Africa
Microsoft, G42 launch $1 billion digital ecosystem initiative for Kenya
Initiative includes building state-of-the-art data center campus in Olkaria, Kenya
Africa
African Development Bank Group to launch 2024 African Economic Outlook on May 30
Africa's transformation is crucial for the continent to catch up with other regions globally
Africa
IMF maintains Nigeria growth forecast at 3.3 percent in 2024, inflation to decline to 24 percent
Potential shocks to agriculture, global food prices and oil production remain a risk to Nigeria's growth
Africa
Kenya’s private sector business conditions stabilize in April as price pressures mostly ease: PMI
Kenya's private sector 12-month outlook rebounds as business confidence strengthens
Africa
UAE’s AD Ports secures 20-year agreement to operate, upgrade Angola’s Luanda terminal
AD Ports Group acquires 90 percent stake in joint venture to serve the broader logistics market in Angola
Africa
Africa’s $824 billion debt burden, loans undermine its economic potential: ADB president
Eurobond debt now accounts for 44 percent of Africa's total debt
Africa
Egypt’s SCZONE attracts 128 projects worth over $3 billion, Chinese firms contribute 40 percent
SCZONE inked 14 agreements with major Chinese companies to boost investment
Africa
Africa faces $277 billion annual climate adaptation funding shortfall, warns African Development Bank President
Adesina said the devastating African drought demands urgent, collective action to boost support and financing
Africa
Egypt to ensure foreign currency availability through maintaining flexible exchange rate
This represents a key condition for Egypt's $8 billion loan program signed with the IMF
Africa
Egypt’s GDP expected to reach 4 percent in FY 2024/2025: Ministry of Finance report
The report predicts an 18.1 percent average annual headline inflation rate
Africa
Nigeria strikes gas supply deal with Shell for $3.8 billion methanol facility
Agreement addresses major obstacle to the project's final investment decision
Africa
South Africa’s inflation dips to 5.3 percent in March, Reserve Bank to maintain 8.25 percent rates
On a month-on-month basis, consumer inflation was 0.8 percent in March, down from 1.0 percent in February
Africa
Egypt targets 3-5 year timeline for IPO program, finance minister reveals
Maait highlighted that Egypt is on track to achieve financial stability after facing a severe economic crisis
Africa
Egypt’s finance minister prioritizes inflation reduction, job creation in economic reform agenda
Egypt further plans to sell more state assets, which would reduce the state's role in the economy.
Africa
Nigeria to cut down tax expenditure, ensure incentives for economic growth
IMEP to prevent the misuse of tax expenditures, facilitate access to data
Africa
Egypt’s Q1 merchandise exports surge 5.3 percent to $9.6 billion
During this period, Türkiye was the top importer of Egyptian merchandise exports, with imports worth $874 million
Africa
Libya surpasses Nigeria as Africa’s top oil producer, OPEC report reveals
Libya's crude oil output reached 1.24 million barrels per day (bpd) in March 2024
Africa
Exclusive: Dr. Amr Talaat, Egypt’s Minister of Communication and Information Technology, on expanding the country’s ICT market
Enhancing Egypt as a strategic offshoring destination and building a digital society
Africa
COP28: Egypt Minister of Planning and Economic Development Dr. Hala Elsaid: Sustainable projects and economic outlook
Egypt is committed to its net zero and green energy transitions