Sheikh Mohamed Ben zayed

Africa’s richest nations, including Morocco, control 66% of continent’s total wealth

Only three African nations control about 56% of the continent’s total wealth, according to the 2022 Africa Wealth Report published by UK investment consultancy firm Henley & Partners in partnership with South African wealth intelligence firm New World Wealth. South Africa, Egypt, Nigeria, Morocco, and Kenya are Africa’s wealthiest countries. The first three countries possess […]

Second Intra-African Trade Fair to generate $40 billion in trade deals

The second Intra-African Trade Fair (IATF 2020) scheduled to take place in Kigali, Rwanda in September 2020 will target the execution of Intra-African trade deals worth more than $40 billion, President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah announced on Wednesday. The event, co-organized by Afreximbank and the African Union (AU), which is […]

Algeria risks bleak economic prospects in 2026 as Oil prices slump

Algeria’s state-led economic model faces growing vulnerabilities as global oil prices weaken and fiscal imbalances deepen, while diversification stalls. Latest IMF and World Bank assessments reveal a troubling mix of widening deficits, persistent unemployment, and distorted macro indicators that mask underlying fragility. The IMF projects average oil prices at $65.8 per barrel in 2026, down […]