Economy

Egypt’s central bank has imposed new restrictions on using credit cards for transactions in foreign currencies, both within the country and abroad, to curb the outflow of hard currency and …

In a significant move amplifying Africa’s energy sector, the African Export-Import Bank (Afreximbank) has forged a $75 million development agreement with Torxen Energy Resources. The landmark deal, earmarked for Petroleum …

Kenya is one of Africa’s most dynamic and promising economies, but it still faces a major challenge: reducing its dependence on imported goods and services. According to a recent report …

President Joe Biden is set to visit Israel and Jordan on Wednesday, as he seeks to ease the humanitarian situation in Gaza and broker a cease-fire between Israel and Hamas. …

South Africa is poised to reclaim its position as the continent’s biggest economy next year, according to the latest forecasts by the International Monetary Fund (IMF). The IMF’s World Economic …

Liberia’s presidential election heads toward a thrilling run-off, early results suggested on Monday. Incumbent President George Weah and rival Joseph Boakai are locked in a tight battle, with neither securing …

OK Zimbabwe Limited, a prominent supermarket chain, has praised government-led stability measures following a robust 33.3% surge in its revenue amid economic calming strategies. Early in 2023, the Zimbabwean dollar …

Nigeria, Africa’s largest economy, has announced a proposed budget of N26 trillion ($34 billion) for the 2024 fiscal year, a 19% increase from the current budget of N21.8 trillion. The …

Sub-Saharan African countries are facing a debt crisis that could jeopardize their public services, such as health and education, and hamper their economic recovery. The International Monetary Fund (IMF) has …

Nigeria’s ongoing economic strife, accentuated by persistent foreign exchange crises, is compelling major manufacturing firms to overhaul their business strategies, a move experts warn could jeopardize product quality and pose …