First Independent Mena Newspaper
Ghana, formerly praised for its stability and good governance, is finally getting some breathing room after Ghanian officials announced last week (18 May) that the $3 billion bailout for the West African nations had finally been approved by the International Monetary Fund (IMF) Ghana has been facing a severe economic crisis since the onset of […]
A Tunisian security officer killed two of his colleagues and two visitors of a synagogue, in an attack that bodes ill for Tunisia’s image and its slowly recovering tourism sector. The attack targeted an old synagogue in Djerba, crowded with visitors and hundreds of Jewish pilgrims from Europe and Israel. The attacker, a police officer […]
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 […]
In their post-Covid recovery plans, East African countries are promoting niche products, such as cruise, adventure, culture and sports tourism, in emerging tourist markets such as China, in a strategy expected to spur growth in the sector. To reduce over-reliance on traditional source markets in Europe and the United States, East African countries are shifting […]
African leaders will hold a summit on Saturday and Sunday at the headquarters of the African Union (AU) in Addis Ababa with the aim of accelerating the implementation of the continental free trade area (AfCFTA). The summit, the 36th of the organization, will bring together 35 Presidents and 4 Prime Ministers. The officials will ponder […]
Botswana’s government has revised upwards its 2022 economic growth forecast to 6.7% from an earlier estimate of 4.2 per cent, the country’s Finance Minister Peggy Serame said on Monday according to Reuters. Serame, who was speaking during an annual budget speech, argued that the 2022 revision was linked to the diamond-rich southern african country’s strong […]
With numerous external and internal headwinds, it is easy to be pessimistic about Africa’s prospects, yet, time and time again Africa has proved resilient and hence also in 2023 many African countries will continue to fare well, despite the odds, says an annual report launched by Brookings Institute launched on Monday (30 January). Since the […]
South African President Cyril Ramaphosa has called for the African Union (AU) to be made a permanent member of the G20, a group of 20 countries with leading economies which come together to discuss policy on health, trade and other issues. Speaking during the Working Session on Food and Energy Security at the G20 Leaders’ […]
The European Union, EU, is set to grant Tunisia €100 million earmarked to help the North African country surf the impacts of the pandemic and to support the economy, the ministry of Economy and planning has announced. The financing agreement will be signed this Monday, November 14, 2022, at the headquarters of the Ministry of […]
The effects from the COVID-19 pandemic aftershocks and the Ukrainian crisis have led to rising commodity prices, surging inflation, and shifts in the global financial situation that have transformed African trade and production capabilities, according to the latest figures published by the International Monetary Fund (IMF). After over-performing in its post-pandemic recovery in 2021, Africa’s […]