Category : ECONOMY

The governments of Uganda and the Central African Republic (CAR) have launched an ambitious road project aimed at linking South Sudan with Central and East...

Zambia is set to gain control over several mining permits as part of a comprehensive national mapping exercise aimed at restructuring the country’s mineral resource...

Egypt’s Prime Minister, Mostafa Madbouly, has issued a stark warning that the country may be forced to adopt a “war economy” if a regional conflict...

Ethiopia stepped into a destructive path in 2020 when it started a war with itself. Inter-state wars are often reported to negatively affect economic growth...

Harare, Zimbabwe  Zimbabwe’s President, Emmerson Mnangagwa, has promised to take decisive measures to halt the ongoing depreciation of the Zimbabwean dollar, which has been plaguing...

Addis Ababa, Ethiopia  Ethiopia’s $1 billion bond restructuring plans have hit a major setback as bondholders rejected the government’s proposed outline, demanding more favorable terms...

In a move aimed at improving foreign exchange accessibility, Ethiopia’s Central Bank has granted operational licenses to five non-bank foreign exchange (forex) bureaus. This decision...

The South African rand faced renewed pressure on October 1, retreating after a two-week rally that had seen it strengthen amid improving investor sentiment. The...

 In response to persistent drought conditions that have ravaged much of Kenya, farmers in the arid and semi-arid regions are increasingly turning to camels as...

Dodoma, Tanzania In a bid to strengthen its financial standing and expand its national reserves, Tanzania has officially launched a new domestic gold-buying program. The...

Ethiopia has embarked on a daring economic journey, supported by a $3.4 billion Extended Credit Facility from the International Monetary Fund. The four-year program, initiated...

The statistics are stark: 54 governments, of which 25 are African, are spending least 10% of their revenues on servicing their debts; 48 countries, home...

In recent talks between Angola’s President João Manuel Lourenço and African Development Bank Group head Dr Akinwumi Adesina, the two leaders discussed a wide range...

In the verdant highlands of Naivasha, Kenya, where the morning mist rises over acres of greenhouses, thousands of workers bend over rows of vibrant roses,...