Africa Business Egypt Emerging Markets Finance Headlines International

Egypt, Nigeria, South Africa slowing down Africa’s growth, says World Bank

A new report by World Bank has highlighted the underperformance of Egypt, Nigeria, South Africa and other African big economies, saying they are slowing down the continent’s economic growth. In its Africa Pulse report, the Washington-based bank expresses its concern that Sub-Saharan Africa could be facing a “lost decade” of slow economic growth and high […]

Africa Headlines International

Sudan’s rival generals again postpone signing of final political agreement, calls for protest

Sudan’s civilian representatives have called for fresh nationwide protests after talks between military factions have reportedly further delayed the signing of an agreement to resume Sudan’s democratic transition. The transition to civilian-led rule that began following the 2019 ouster of long-ruling Islamist general Omar al-Bashir was derailed by a coup in October 2021 led by […]

Africa Finance Headlines International

Burkina Faso increases defense budget by nearly 50 per cent for 2023

Burkina Faso authorities have budgeted $1.09 billion for defense expenditure this year, an increase of 49.43 per cent compared to last year, to address security concerns caused by terrorism activities. The West African country has been grappling with insecurity caused by terrorists and a political instability. The central government has lost around 40 per cent […]

Africa Headlines International

Paul Kagame reveals plans to retire

Rwanda’s longtime leader Paul Kagame announced Wednesday discussion within ruling party to find his successor as man who has been lately re-elected as chair of the party in power says his retirement as inevitable. The 65-year old strongman who has been leading the eastern African country for 23 years made the announcement during a joint […]

Africa Finance Headlines International Morocco

Morocco calls for securing financial independence of AU

Morocco insisted, Wednesday in Addis Ababa, before the first meeting of the Permanent Representatives Committee of the African Union (PRC) under Comorian chairmanship, on the need to secure the financial independence of the pan-African organization, whose budget currently dependents on foreign partners. Morocco’s Permanent Representative to the AU and UNECA, Mohamed Arrouchi, who was speaking […]

Africa Business Emerging Markets Features Headlines International

WTM Africa 2023 shows optimism over continent’s tourism sector prospects

Africa’s travel market is open again and experiencing a boom, despite the serious damage the industry sustained due to the Covid-19 pandemic — this is a sentiment expressed by an estimated 600 exhibitors at the World Travel Market (WTM) Africa, the continent’s biggest and most important travel and tourism event that has officially opened its […]

Africa Business Egypt Headlines International

Cairo to host IATF2023 in November

Egypt’s capital Cairo will host the third edition of Intra-African Trade Fair (IATF2023) in November. “The exhibition represents a unique opportunity to bring together African companies and make deals to achieve commercial, industrial and investment integration in the Black continent”, Egypt’s Minister of Trade and Industry Ahmed Samir said during a coordination meeting with a […]

Africa Features Headlines International

Senegal’s president ready to dialogue amid high political tensions

Senegalese President Macky Sall has said he was open to dialogue in the interest of “peace and national cohesion” amid high political tensions in one of West Africa’s most stable countries. Speaking on state TV Monday (3 April) on the eve of Senegal’s 63rd independence anniversary, Sall made no mention of the 2024 presidential elections […]

Africa International

Togo unveils data of recent population census

Togo’s National Institute of Statistics and Economic and Demographic Studies (INSEED) presented Tuesday data of the recent population census, indicating that 8,095,498 live in the African country with women accounting for 51.3 per cent of the population. The census of the population was conducted from October 23 to November 16, 2022. Data presented by the […]

Africa International Tunisia

Twenty Senegalese still missing after migrant boat capsized off Tunisian coasts last month

Senegalese authorities are coordinating with Tunisian counterparts the search of around 20 Senegalese nationals who were on a migrant boat that sank at the end of March off the coasts of the North African country. A Senegalese delegation went to Sfax, the starting point in central-eastern Tunisia of the shipwrecked boat, for a mission to […]