Africa’s 2023 investment hotspots list dominated by Kenya, Egypt, Nigeria and S.Africa — report

Kenya, Egypt, Nigeria, and South Africa have emerged as the top investment destinations in Africa for funding in 2023, as the quartet of markets collectively accounted for a dominant 68% share of the continent’s total investment influx last year, according to a new report. The report entitled ‘The Africa Investment Report 2023’ provides a compelling […]

Gabon reinstated into African Union after ‘generally successful’ political transition

The African Union (AU) Peace and Security Council has officially reinstated on April 30 Gabon into its fold, lifting all sanctions following a favorable review of the country’s political transition. The decision, taken during the Council’s 1,277th meeting, acknowledged that Gabon’s post-coup processes were “generally successful,” according to PSC Chairperson Rebecca Amuge Otengo. The country […]

Fitch Ratings highlights Morocco’s resilient liquidity in wake of earthquake

Fitch Ratings has released a note recognizing the impact of the earthquake on Morocco’s fiscal deficit while reassuring remittances from Moroccans abroad and the IMF’s credit lines would offset liquidity concerns. The earthquake that struck late on September 8 killed some 3000 people and destroyed nearly 60,000 homes in the High Atlas Mountains. Morocco has […]