Crisis-Hit Egypt’s Currency Halved in Value Since March
The Egyptian pound traded Wednesday at half its value from March after the central bank intervened for a third time ...
Tag: Economy
Tunisia Lawyers Protest Tax Hike on Legal Services
Dozens of Tunisian lawyers protested on Thursday against newly imposed taxes on legal services, part of a 2023 budget that ...
Tunisia Faces ‘Complicated’ 2023 Without Quick IMF Deal: Central Bank
Tunisia faces a year of low economic growth and runaway inflation, and urgently needs a bailout deal with the International ...
Tunisia Unveils Economic Plan Betting Heavily on Private Investment
The Tunisian government on Tuesday presented a three-year development plan that relies heavily on private sector investment, particularly in industry, ...
Why Ghana is no Longer West Africa’s Economic Giant
In 2019, Ghana had the world’s fastest-growing economy after a period of promising economic growth. However, that is not the ...
China’s Economy Grew by 8.4%, Revised Figures Show
Latest data shows that “China’s gross domestic product (GDP) for 2021 was over half a trillion yuan more than initially ...
‘Life is Worse’: Kenya’s Ruto Marks 100 Days in Office
Kenyan shop attendant Winnie Wanjiru Mwaura was brimming with hope when she signed up to be an election agent for ...
Ghana Labour Unions Call for Strike Over Local Debt Swap
Ghana's main unions on Monday called for a nationwide strike from next week in protest the inclusion of workers' pensions ...
Ghana Suspends Part of Foreign Debt Payments
Ghana suspended payments on part of its foreign debt on Monday as the country undertakes debt restructuring in line with ...
Africa’s Ports Race is Hyped as ‘development’ but also Creates Pathways for Plunder
Ports have long been integral to Africa’s connectivity with the rest of the world. Yet over the last 15 years, ...
Ghana Reaches $3 Billion IMF Deal
Ghana on Tuesday agreed on a $3 billion credit deal with the International Monetary Fund (IMF) as part of the ...
Burkina Faso to Raise 150 million Euros for War Fund
The Burkina Faso government has announced plans to raise 152 million euros for a "fund to support the war" against ...
“Shrinking Economy Forced Us to Fire Staff,” Says Amazon CEO
Amazon leadership says hard economic times forced the company to initiate wide-ranging layoffs. Andy Jassy, the company CEO, said: “We ...
Ghana Offers Local Debt Swap as Part of IMF Talks
Ghana offered investors a domestic debt swap on Monday to ease a crunch in payments as the government negotiates an ...
Tunisians Dream of Moving to Germany as Crisis Bites
Germany is becoming a key destination for disillusioned young Tunisians despite a language barrier and the North African nation's long ...
S.Africa to Swallow Part of Eskom’s Debt to Keep it Afloat
South Africa's treasury vowed Wednesday to take over more than half of Eskom's multi-billion-dollar debt to ensure the embattled energy ...
Tunisian Protesters Denounce ‘Coup’, Demand President’s Removal
Thousands of Tunisians demonstrated Saturday in the capital Tunis, denouncing a power grab by President Kais Saied and demanding accountability ...
Sudan Schools Crisis Threatens Grim Future for Children
It's the start of a new school term in Sudan, yet nine-year-old Zahra Hussein stays home helping with household chores, ...
Algeria, France Hail ‘New Dynamic’ in Economic Ties
The Algerian and French prime ministers on Monday hailed a "new dynamic" as they launched a joint economic forum during ...
Rice Shipment Brings Relief to Hungry, Shortage-Hit Comoros
It's late in the evening in the Comorian capital of Moroni but the city's port is filled with eager faces. ...
Kenya President Ruto Vows Tax Overhaul to Lower Inequality
Kenya's newly elected President William Ruto on Thursday vowed to overhaul the country's income tax regime and introduce reforms asking ...
Sport Leaders Eye Africa as Talent Source, Investment Target
Africa offers a vast underdeveloped market for global sports, with thousands of athletes ready to join international ranks if only ...
Sierra Leone Delays Full Switchover to New Currency
Sierra Leone is to delay the phaseout of its old currency until next spring, the central bank said. On July ...
Fuel Prices Jump in Kenya After Subsidies Cut
Fuel prices in Kenya surged to record highs on Thursday after the new government slashed subsidies, piling on misery for ...
In Nigeria, Finding Value in Waste Recycling
Mounds of waste scattered along roads and vast landfills are a Nigerian eyesore. In Africa's biggest economy and most populous ...
What Kenya’s New Presidency Could Look Like
Kenya's William Ruto will on Tuesday take charge of the East African economic powerhouse after the country's Supreme Court confirmed ...
What William Ruto’s Presidency Would Mean for Kenya’s Economy
William Ruto has been declared the winner of Kenya’s 2022 presidential election. The close results have been queried, raising the ...
Kenya’s Election Promises: An Economist’s Perspective
Kenya has four presidential candidates in the August 2022 general election. They recently launched their manifestos, and one thing ties ...
President Kenyatta Defends Kenya’s Foreign Loans Appetite
President Uhuru Kenyatta has defended Kenya’s foreign borrowing spree saying it has helped accelerate development in the country. Speaking when ...
C.Africa’s leap into bitcoin leaves its people bemused
In the Central African Republic (CAR), nine out of 10 people do not have internet, and only one in seven ...