economy

KEY POINTS Declining reserves and aging infrastructure: Angola’s oil production dropped from 1.9 million bpd in 2015 to 1.4 million bpd in 2022; urgent upgrades are needed. Opportunities in Offshore …

West Africa faces a potential breakup as the regional bloc ECOWAS grapples with the possible departure of Mali, Burkina Faso, and Niger. These junta-led states threaten to leave, raising concerns …

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 …

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 …

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 …

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, …

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 …

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 …

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 …