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Egypt’s Central Bank Cuts Key Interest Rates by One Percentage Point

The Central Bank of Egypt (CBE), on Thursday, 25 December, announced a 100-basis-point reduction in its key interest rates, marking its fifth rate cut this year as policymakers respond to easing inflationary pressures. In a statement, the CBE said its Monetary Policy Committee lowered the deposit rate to 20 percent, the lending rate to 21 […]

Madagascar to launch first urban train on August 15

Madagascar’s Ministry of Transport and Metrology will launch on August 15 in capital Antananarivo the country’s first urban train to be powered by electricity, local media Madagascar Tribune reports. The train will connect Soarano and Amaronakona stations, a distance of 12 km. The new train will help commute within the capital. 2 million people commute […]

Tariffs and tensions: African exports to U.S. face sharp decline amid policy shifts

African exports to the United States are projected to drop by as much as 21.5% as new U.S. tariffs take effect, according to joint research by the Economic Commission for Africa (ECA), African Union Commission (AUC), and African Development Bank (AfDB). The protectionist move, part of a broader trade policy under President Donald Trump, has […]