Burkina Faso has repeated its commitment to restoring constitutional rule within 18 months following a decision by the US to drop it from its preferential trade programme. The American Trade …
Business Policies
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Economists says 2023 will be tough for consumers
by Editorby EditorExperts and labour federation Cosatu have forecast that 2023 will be a difficult year for consumers, as the cost of living is expected to rise and interest rate hikes are …
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One-third of global economy may slip into recession in 2023 – IMF
by Editorby EditorThe Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has said that at least one-third of the global economy may slip into recession in 2023. She made this …
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Sierra Leone Becomes First in Africa to Hike Rate This Year
by Editorby EditorSierra Leone’s central bank became the first in Africa and second globally after Israel to raise interest rates this year. A combination of factors, ranging from higher commodity costs to …
Parag Khanna, author and entrepreneur, and Dion Shango, PwC’s territory senior partner for Africa Central and Southern Africa, discuss the implications of an increasingly mobile world. Are we running out …
- AfricaAFRICA NEWSBusiness PoliciesNorth Africa
Egypt: Gold-buying mania as national currency loses value
by Editorby EditorMany want to protect their saving by hoarding gold, but that has led to an exponential rise in the price of the metal, making it off-limits for other consumers. Egyptians …
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Kenya, Eritrea Agree To Abolish Visa Requirements
by Editorby EditorKenya and Eritrea have agreed to abolish visa requirements for their respective citizens. The two countries believe the move will bolster bilateral relations, and improve people-to-people ties besides entrenching regional …
- AfricaAFRICA NEWSBusiness PoliciesEgyptNewsNorth Africa
Egypt recorded 29.5% increase in exports to Nile Basin countries in 2021
by Editorby EditorThe Central Agency for Public Mobilisation and Statistics issued the Annual Bulletin for Trade Exchange Between Egypt and Nile Basin Countries in 2021 that presents and analyses trade volume (exports- …
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Growth of 5.7 per cent in West African Economic and Monetary Union in 2022
by Editorby EditorThe growth rate within the countries of the West African Economic and Monetary Union (WAEMU), amounted to 5.7% in 2022, down 0.4% compared to 2021, announced Monday the leaders of …
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German Investment in Africa Stalls Despite Government Push
by Editorby EditorGerman Foreign Minister Robert Habeck opened the two-day German-Africa business summit in Johannesburg with positive words. “The government will provide additional incentives for investment in regions like southern Africa where …