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Algeria: IMF Predicts Economic Stagnation

IMF’s economic predictions for Algeria augur no growth for 2016 while forecast for 2017 signals further slump in the country’s economy with GDP expected to go down to 2.9 per cent, with payment balance estimated at 16.2 per cent of the GDP. 2016 predictions for growth of the Algerian economy according to the International Monetary […]

Japan vows to boost private sector investment in Africa

Japanese Prime Minister Shinzo Abe on Wednesday said his country will offer enhanced trade insurance to boost private sector investment in Africa. Abe made the statement at the opening ceremony of the Tokyo International Conference on African Development opened in Yokohama on Wednesday. The meeting attended by a few dozen African leaders and representatives of […]

Somalia, Turkey leaders reaffirm strategic partnership, bolstering Ankara’s foothold in Horn of Africa

Somali president Hassan Sheikh Mohamud and his Turkish counterpart Recep Tayyip Erdoğan met in Ankara this week to reaffirm their countries’ strategic partnership, focusing on enhanced security cooperation and deepening economic ties. The leaders discussed a range of initiatives aimed at bolstering infrastructure, trade, and humanitarian aid, emphasizing Turkey’s role as a critical partner in […]