African Development Bank grants $67 million to Madagascar
The Board of Directors of the African Development Bank Group this week approved a loan of $67.3 million…
economic growth
Most African economies set to experience stronger growth
African economies remain resilient, despite challenges that are testing economies worldwide with of the economies set to experience…
Tunisia’s artificial intelligence potential for economic growth
Artificial intelligence is changing the face of the world, and the African continent is no different. One of…
Indebtedness, conflicts affect growth in North Africa. Middle East
The World Bank’s new Middle East and North Africa Economic Update, entitled Conflict and Debt in the Middle…
African countries dominate world’s top 10 growing economies
African countries are predicted to dominate the world’s top 10 highest growing economies in 2024, according to a…
Malawi economy set to grow 3.3 percent in 2014
The economy of Malawi, which was estimated to grow less than 2 percent in 2023, is set to…
Djibouti’s growth lacks sufficient employment, IMF
The International Monetary Fund (IMF) team which visited Djibouti this week says, its debt-driven growth over the past…
Burundi economy set to grow by 4.3 percent
The economic growth of Burundi, which began recovering from 1.8 percent in 2022 to 2.7 percent in 2023,…
China’s economy decline in 2024 set to slow Africa
By Andualem Sisay Gessesse – Marrakech, Morocco – The World Economic Outlook launched today by the International Monetary…
Senegal economy set to grow 8.8 percent in 2024
The International Monetary Fund (IMF) anticipated the economy of Senegal to grow by 8.8 percent in 2024.
Botswana growth to slow to 3.8 percent in 2023
The International Monetary Fund (IMF) says Botswana’s economic growth is expected to slow to 3.8 percent in 2023…
IFC invests $11.5 billion in Africa in 2023
The International Finance Corporation (IFC) of the World Bank Group provided record financing of $11.5 billion in Africa…
Recognising, encouraging entrepreneurial success in Africa
By Refilwe Rakgomo – Africa is a continent with enormous potential for growth and development, and one of…
Africa’s economic growth to outpace global forecast
Africa is set to outperform the rest of the world in economic growth over the next two years,…
World Bank urges Camerron to strengthen private sector
A new report by the World Bank highlighted the contribution of a strong private sector for the economic…
Foundation launches $2 million green energy prize competition
The Milken Institute and the Motsepe Foundation today launched the Milken-Motsepe Prize in Green Energy, a $2 million…
The Gambia GDP growth shrinks to 4.5 percent
The International Monetary Fund (IMF) said GDP growth of The Gambia in 2022 is expected to decline to…
Women can add $12 trillion to global GDP – IMF says
In its new paper released on Friday the International Monetary Fund (IMF) said global GDP could increase by…
Eastern African sub-region to grow 4.9 percent in 2021
A new report produced by the African Development Bank says the Eastern African sub-region’s economy will grow by…
Ethiopia economy grows 2 percent this year, IMF says
The International Monetary Fund (IMF) forecasts that Ethiopia’s economy will only grow by 2 percent for the current…
Ethiopia increases budget by 7 percent
NEWS – The Ministry of Finance of Ethiopia today presented a draft national budget of 476 billion birr…
How continental free trade benefits Africans
BY ANDUALEM SISAY GESSESSE – Experts and senior government officials FROM EASTERN African countries have met in Asmara,…
Millennium Challenge Corporation officials visit Ethiopia
The officials of U.S. Government’s Millennium Challenge Corporation (MCC) visited Ethiopia this week.
Africa’s accelerated economic growth comes to an end
Africa’s “easy decade” of accelerated economic growth is coming to an end, and only accelerated job creation and…
Growth in Sub-Saharan Africa slower, says WB
Sub-Saharan African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according…
Blue economy fuels Africa’s economic growth
The UN Economic Commission for Africa (ECA) expressed its full support and commitment to assist Africa utilize its…
AU says intra-Africa trade key for development
Boosting intra-Africa trade is the most effective way to bring economic growth and development to the continent, says…
African Development Bank seeks Portuguese-speaking investment in Africa
To help unlock economic growth, the African Development Bank is coordinating the implementation of an integrated development strategy…