Microsoft, G42 launch $1 billion digital ecosystem initiative for Kenya

Initiative includes building state-of-the-art data center campus in Olkaria, Kenya

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

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

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

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’s $824 billion debt burden, loans undermine its economic potential: ADB president

Eurobond debt now accounts for 44 percent of Africa's total debt

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 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

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

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

Nigeria strikes gas supply deal with Shell for $3.8 billion methanol facility

Agreement addresses major obstacle to the project's final investment decision

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

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

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.

Nigeria to cut down tax expenditure, ensure incentives for economic growth

IMEP to prevent the misuse of tax expenditures, facilitate access to data

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

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