As the fashion industry worldwide increasingly embraces more eco-friendly material, an innovative project in Kenya is turning leftover pineapple leaves into footwear.

The Democratic Republic of Congo is looking for modern investors in its mineral sector.

Global leaders at World Governments Summit address risks to the world economy posed by Gaza and Red Sea tensions.

Germany replaces Russian gas with Algerian pipeline, partnering with Sonatrach for long-term supply.

Kenya secures a groundbreaking $500M Samurai bond with Japan, boosting energy efficiency and innovation in its transmission network.

World Bank executives confer with Nigerian officials on ambitious economic recovery plans, focusing on critical sectors for sustainable growth.

Central bank data reveals a record deficit of 841 billion pounds in Egypt’s net foreign assets amid commercial bank struggles.

Company sees productivity gains in all sectors by infusing artificial intelligence across every layer, says CEO

Republic of The Gambia and the Kingdom of Morocco signed several cooperation agreements and memoranda of understanding on the sidelines of the 3rd session of the Joint Cooperation Commission between Morocco and The Gambia. The session was held under the co-chairmanship of the Minister of Foreign Affairs, African Cooperation, and Moroccan Expatriates, Nasser Bourita, and his Gambian counterpart, Mamadou Tangara. One of the agreements concerns mutual assistance between the customs administrations of both countries to enforce customs legislation and prevent, investigate, and suppress customs offences. Another agreement was signed in the field of maritime fishing to establish a framework for cooperation between the two parties in various areas of maritime fishing, including fishing, technical and scientific research, aquaculture, fish processing industries, and promoting partnerships in the private sector of maritime fishing.

Total turnover at the Nigerian equities market rode on the back of intense bargain-hunting to its highest in a decade. The market performance was driven largely by increased transactions by institutional and individual Nigerian investors amid optimism that ongoing economic reforms would lead to improved returns. Official report by the Nigerian Exchange (NGX) at the weekend indicated that total transactions at the equities market rose by 53.94 per cent to N3.578 trillion by the year ended December 31, 2023 as against N2.324 trillion recorded the previous year. The previous highest turnover was in 2014 when the market recorded transactions worth N2.676 trillion. The lowest turnover was in 2016 with total transactions of N1.511 trillion. It had dropped from N2.168 trillion in 2020 to N1.899 trillion in 2021. Transactions over the years included N1.928 trillion in 2019, N2.404 trillion in 2018, N2.543 trillion in 2017, N1.906 trillion in 2015 and N2.051 trillion in 2013. The record surge in transactions’ value further underscored that the record-breaking price appreciation at the Nigerian market was underpinned by strong demand.

Central Bank of Nigeria intervenes with a $500 million boost to eliminate forex backlog, bolstering economic stability.

Spot freight price of 40-foot container rose to nearly $4,000, according to UK-based maritime research firm.

Egypt grapples with inflation, debt, and dependence on mega-projects. Sisi seeks IMF lifeline but faces pressure to reform and curb military influence.

Investment to create jobs, improve public health, says Secretary of State Antony Blinken

Egyptian Foreign Minister Sameh Shoukry met with EU officials in Brussels, seeking increased European investment to address Egypt’s economic crisis and discussing regional issues like the Gaza war.

Sub-Saharan Africa faces its worst debt crisis ever.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia An International Monetary Fund team is currently in Cairo to discuss Egypt’s $3 billion IMF loan and reform program, an IMF spokesperson said on Friday amid discussions about additional funding to ease the country’s Gaza war-related stresses. The spokesperson said in an emailed statement to Reuters that the team, led by IMF Egypt Mission Chief Vladkova Hollar, would “continue discussions on the first and second reviews of Egypt’s reform program supported by the IMF’s Extended Fund Facility. We will communicate at the end of the visit.” The IMF’s Middle East and Central Asia director, Jihad Azour, also was in Cairo earlier this week on an annual retreat with the division’s regional offices, and met with Egyptian authorities and regional stakeholders, the spokesperson added. Egypt has been hit hard by Israel’s war against Hamas in neighboring Gaza, which has hurt tourism bookings and natural gas imports and prompted attacks on Red Sea shipping. IMF chief spokesperson Julie Kozack told reporters last week that additional financing was “critical” to the success of the Egypt program, but amounts and potential disbursements were under discussion. Also under discussion was the need for tighter fiscal and monetary policy. deserunt mollit anim id est laborum.

Negotiations succeed as Libya’s National Oil Corp lifts force majeure, ending the Sharara oil field shutdown amid fuel shortage protests.

Sub-Saharan Africa grapples with an unprecedented debt crisis, jeopardizing economic growth and well-being.

India strategically boosts crude imports from Nigeria, seizing opportunities in December amid market dynamics.

Weekly flights from Cairo to Misrata now available with EgyptAir, offering discounted fares for a limited time.

Ghana’s $3 billion IMF bailout program review nears, with $600 million disbursement possible as debt restructuring progresses.

Kiambiriria-Kuresoi road upgrade and Bondeni housing project among key initiatives by President Ruto in Nakuru and Nyandarua.

Libyan Prime Minister Abdul Hamid Dbeibeh outlined ambitious programs to revitalize the economy at the Libya Energy and Economic Summit 2024.