Egypt’s economic landscape witnessed a significant surge as the nation’s foreign debt soared by $3.5 billion in the final quarter of 2023. The latest data unveils the intricate dynamics shaping…
economy
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Nigeria’s economic prospects receive a positive shift as Fitch Ratings revises its outlook from stable to positive, signaling potential growth and stability in the West African nation’s financial landscape. The…
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Nigeria, Africa’s largest economy, has been grappling with significant economic challenges for several years. President Bola Tinubu, who took office in 2023, inherited a nation burdened by record debt, high…
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Senegal’s upcoming presidential election is heating up, with candidates clashing over economic policy, particularly regarding the country’s currency. Amadou Ba, the candidate for the ruling coalition and former Prime Minister,…
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Egypt’s central bank shocked the nation on Wednesday by letting the pound float freely in the market, slashing its value by more than a third against the dollar. The move…
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The world’s most popular cryptocurrency and the precious metal soared to new heights on Tuesday, while U.S. stocks suffered their worst losses in months amid weak economic data and growing…
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Egypt is close to reaching an agreement with the International Monetary Fund (IMF) to support its economic recovery and structural reforms, the IMF said on Monday.The IMF and Egyptian authorities…
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Africa is set to become the second-fastest-growing region in the world after Asia, according to the latest report by the African Development Bank (AfDB). The continent’s economy is expected to…
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Kenya has successfully issued a new Eurobond worth $1.5 billion to pay off its maturing debt and ease market concerns about its ability to service its obligations. The East African…
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Nigeria’s central bank has increased the interest rates on short-term debt obligations in a bid to attract foreign investors and stabilize the naira, the country’s currency. The Abuja-based Central Bank…