IMF projects Kenya to dethrone Ethiopia as East Africa’s largest economy in 2025

Kenya is set to become East Africa’s largest economy by 2025, overtaking Ethiopia, according to new projections from the International Monetary Fund (IMF). The IMF forecasts Kenya’s GDP will reach $132 billion, surpassing Ethiopia’s projected $117 billion. This shift is driven by divergent economic strategies. Ethiopia’s decision to devalue its currency, the birr, by over […]

Morocco’s economy proves resilient despite various obstacles, World Bank Says

Moroccan economy has shown resilience and has accelerated, with real output increasing by 3.4 percent in 2023, according to the World Bank’s latest economic monitor for the country. “Despite various obstacles, including a slowdown in the global economy, an inflation shock, and the Al Haouz earthquake, Moroccan economy has shown resilience and has accelerated with […]

AFRICOM Warns Against Jihadists Attack Targeting Libyan Oil

US Africa Command has warned against a terrorist plot being prepared by ISIS militants against Libya’s Oil Crescent, which is located 500 km east of the capital Tripoli, and includes the country’s largest oil reserves and export terminals. In a statement to Asharq Al-Awsat, AFRICOM spokeswoman Robyn Mack said: “at the moment, we believe that […]