Inflatable boat

Africa: A 4% growth rate in 2023, outpacing IMF’s global forecast — AfDB report

The African Development Bank predicts the continent’s growth will be stronger-than-expected at 4% this year. Its cautiously optimistic economic outlook is partly based on the expectation that China will continue to re-open after three years of strict Covid-19 policies “Despite the confluence of multiple shocks, growth across all five African regions was positive in 2022- […]

A New Dawn Awaits Moroccan-South African Relations

A new chapter has been opened in Moroccan-South African relations following the ice-breaking meeting between Morocco and the outgoing South African President Jakob Zoma. The election of Cyril Ramaphosa is boding well for bilateral ties between two of Africa’s leading powers. King Mohammed VI of Morocco, who showed interest in bolstering ties with South Africa, […]

Egypt in talks with five financial institutions to finance Aswan-Toshka railway project

Egypt is negotiating with five international financial institutions funding for planned Aswan-Toshka railway project linking the Arab republic to neighboring Sudan, reports say. The European Bank for Reconstruction and Development, European Investment Bank, World Bank, Asian Infrastructure Investment Bank, and Islamic Development Bank, Arab Finance reports citing Al Mal. The media did not disclose the […]