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![China pledges $51 billion in funding to Africa for infrastructure, job creation](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
China will provide Africa with RMB360 billion of financial support in the next three years, including RMB 210 billion in credit lines
![China’s lending to Africa rises for the first time in seven years in 2023, reaches $4.61 billion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Between 2000 to 2023, Chinese lenders provided 1,306 loans amounting to $182.28 billion to 49 African governments and 7 regional borrowers
![$30 million data centre inaugurated in Congo to catalyze digital economy](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20684'%3E%3C/svg%3E)
The 400-rack capacity facility is expected boost DRC's digital landscape
![Senegal’s first satellite is in orbit: A collaborative effort to harness space technology for socio-economic progress](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The move aims to enhance natural resource management and disaster preparedness
![China remains Africa’s top trade partner with bilateral exchange reaching $166.6 billion in Jan-July](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This represents a 5.5 percent year-on-year increase in trade volume
![Global youth unemployment hits 15-year low of 13 percent, further decline projected over next 2 years](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
64.9 million young people worldwide were unemployed in 2023
![Ethiopia secures $3.4 billion IMF financing program with $1 billion immediate disbursement](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
The Ethiopian central bank has floated the birr, a crucial step for securing IMF support and progressing its debt restructuring
![World’s population to reach 10.3 billion by 2080 with uneven demographic shifts across regions: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Rapid population doubling projected in 9 developing countries by 2054 due to very high growth rates
![Public cloud spending projected to reach $675 billion globally by 2024: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
SaaS spending is forecast to grow 20 percent to reach a total of $247.2 billion in 2024
![UAE’s AD Ports secures 20-year agreement to operate, upgrade Angola’s Luanda terminal](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20685'%3E%3C/svg%3E)
AD Ports Group acquires 90 percent stake in joint venture to serve the broader logistics market in Angola
![UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019
![Africa’s $824 billion debt burden, loans undermine its economic potential: ADB president](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
On a month-on-month basis, consumer inflation was 0.8 percent in March, down from 1.0 percent in February
![Egypt’s finance minister prioritizes inflation reduction, job creation in economic reform agenda](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Egypt further plans to sell more state assets, which would reduce the state's role in the economy.
![Egypt’s Q1 merchandise exports surge 5.3 percent to $9.6 billion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
During this period, Türkiye was the top importer of Egyptian merchandise exports, with imports worth $874 million
![ICAEW’s Chief Economist Scott Livermore on oil output strategy, economic diversification importance for GCC growth plans](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Sustained oil output, growing non-oil investments key to healthy economy