Egypt’s canal revenue drops 23.4% due to Red Sea attacks
The decline is a blow to Egypt’s economy as it faces a financial crisis.
Egypt’s canal revenue drops 23.4% due to Red Sea attacks Read More »
Economy
Uganda’s coffee exports jump 18.2% on bumper crop
This boost comes as the key harvest season is underway for the country’s biggest export.
Uganda’s coffee exports jump 18.2% on bumper crop Read More »
Drought dims Zimbabwe’s growth, IMF sees rebound next year
Zimbabwe’s economic growth is expected to slow in 2024 as the country grapples with a severe El Niño-induced drought.
Drought dims Zimbabwe’s growth, IMF sees rebound next year Read More »
Ghana’s economy shows signs of recovery in Q1
Despite a positive economic upturn in Q1, Ghana restarts negotiations with bondholders to address its $13 billion debt.
Ghana’s economy shows signs of recovery in Q1 Read More »
Unemployment in Gaza surges to 80 percent due to Israel’s war
UN findings reveal that Gaza’s unemployment rate has reached nearly 80 percent amid the conflict, highlighting the devastating impact on the region’s economy.
Unemployment in Gaza surges to 80 percent due to Israel’s war Read More »
Nigeria’s living wage strike halts schools, airports
Discontent explodes in Nigeria as workers down tools over low wages. Schools, airports, and the power grid grind to a halt.
Nigeria’s living wage strike halts schools, airports Read More »
Zimbabwe’s currency stumbles: Banks down, old cash useless
Zimbabwe’s launch of a gold-backed currency, ZiG, faced chaos with bank system issues, worthless old notes, and continued dominance of US dollars.
Zimbabwe’s currency stumbles: Banks down, old cash useless Read More »
Egypt’s Sisi to be sworn in for third term
His new term of six years is supposed to be his last, according to the constitution.
Egypt’s Sisi to be sworn in for third term Read More »
$100 Billion investment pledged in India-EFTA trade agreement
India signed a trade agreement with Iceland, Liechtenstein, Norway, and Switzerland (EFTA) for increased trade, investment, and job creation.
$100 Billion investment pledged in India-EFTA trade agreement Read More »
Egypt signs expanded $8 billion loan deal with IMF
Egypt secured an increased $8 billion loan from the IMF to support its economic reforms, which included currency devaluation and interest rate hikes.
Egypt signs expanded $8 billion loan deal with IMF Read More »