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Mozambique Railways (CFM) and the National Railways of Zimbabwe (NRZ) have signed agreements to allow CFM’s locomotives to operate in Zimbabwe. The partnership seeks to enhance freight transportation efficiency through …
Mozambique and Zimbabwe Forge New Rail Deal for Enhanced Freight Efficiency Read More
Rwanda’s economy grew by 8.9% in 2024, with notable contributions from services, agriculture, and industry. The GDP reached Rwf18.785 billion, showing robust quarterly growth. Agriculture’s recovery has stabilized inflation, while …
Rwanda’s Economy Registers 8.9% Growth in 2024, Driven by Key Sectors Read More
Morocco is set to reduce its budget deficit to below 67% by 2027, focusing on fiscal discipline, enhancing revenues, and sustaining investment in social programs. Recent efforts have already shown …
Morocco Targets Budget Deficit Reduction Below 67% by 2027 Read More
The South African government is set to provide 500 million rand ($28 million) to ArcelorMittal South Africa Ltd. to sustain jobs at crucial steel mills. This funding will help cover …
South African Government to Invest $28 Million in ArcelorMittal South Africa Read More
The OECD predicts Argentina’s GDP will grow by 5.7% in 2025, following significant economic reforms. Despite this growth, the inflation rate is expected to remain high at 28.4%. Key factors …
OECD Projects 5.7% GDP Growth for Argentina in 2025 Amidst Inflation Challenges Read More
Egypt has introduced a EGP 4 billion initiative to support 10 million families on ration cards, with an immediate allocation of EGP 2 billion to provide additional funds for April …
Egypt Launches EGP 4 Billion Initiative to Support Families on Ration Cards Read More
The Togo Economic Outlook report for September 2024 highlights resilience in economic activity due to reforms, with growth projected to stabilize at 5.4% in 2024-25. The report stresses the need …
Togo Economic Update: Building Economic Resilience and Growth in 2024 Read More
The IMF has received a request for a new financing programme from Kenya. The existing review under current fund facilities will not proceed. Kenya’s debt levels necessitate continued support from …
IMF Receives Request for New Financing Programme from Kenya Read More
The national daily minimum wage in Ghana will increase by 10% to GHS 19.97, starting March 1, 2025. Updates may not fully consider inflationary pressures. More details can be found …
Ghana Revises Minimum Wage to GHS 19.97 Effective March 2025 Read More
Kenya is at the forefront of AI adoption in Africa, significantly enhancing its economy. Various sectors, such as healthcare, retail, and finance, are integrating AI to improve efficiency. Microsoft highlighted …
Kenya’s AI Growth: A Leader in Africa’s Technological Revolution Read More