The IMF is set to begin its review of Egypt’s loan program, which could unlock $1.2 billion in funding, as the country faces high inflation and foreign currency shortages.
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Economy
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KEY POINTS SARS faces a $1.25 billion shortfall in tax collections for 2024, as revealed in the MTBPS. Individual tax revenues underperformed due to lower-than-expected wage growth, impacting overall …
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KEY POINTS Botswana’s new president, Duma Boko, aims to finalize the stalled De Beers diamond sales agreement swiftly. Mobile transactions reached $200 billion in 2020, contributing up to 5% of …
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“Braiding Nairobi” app connects Kenyan hair braiders with online customers, bridging the digital gender divide and boosting business for women.
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Waste-to-energy projects in African cities reduce waste, generate clean power, and promote sustainable urban development across the continent
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KEY POINTS Carlyle sold its stake in Mazarine Energy to the CEO. Ramphastos also divested its Mazarine shares to van Kersbergen. Mazarine plans continued growth across Europe and Africa Carlyle …
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KEY POINTS Mobile money drives financial inclusion in Africa, with over 500 million accounts enabling access to essential financial services. Mobile transactions reached $200 billion in 2020, contributing up to …
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South Africa strengthens trade ties within Africa and with China, leveraging AfCFTA and exploring regional economic integration as global trade tensions rise.
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Oil production in Nigeria fuels economic growth but brings complex environmental and social challenges that demand balanced policy solutions
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KEY POINTS Zimbabwe and the EU sign $81.4 million in agreements focused on agriculture, biodiversity, governance, and gender equality, marking strengthened ties. The EU aims to mobilize European businesses to …