Energy exports drop, increased imports turn Algeria’s current account to deficit The drop in energy exports and increased imports reversed the current account surplus into a modest deficit, the International Monetary Fund…
For 2025, GDP growth is projected to reach 2.5 percent as economic activity picks up, especially in the second half of the year, driven by the recovery in the services sector, says…
Africa’s millionaire population is projected to grow by 65% over the next decade, according to the newly published Africa Wealth Report 2025.
The Government of Cameroon is set to receive over $75 million from the International Monetary Fund (IMF).
Rising debt, geopolitical instability and declining aid flows are intensifying external pressure on African economies.
The financial markets’ reaction to intensifying US-Iran tensions has revealed a sharp erosion of the US dollar’s safe haven status, warns Nigel Green, CEO of global financial advisory deVere Group, as investors…
The United States Ambassador to Ethiopia Ervin Massinga travelled to Jimma, in the Oromia region from May 29-30, to meet with local communities on key development initiatives.
Over 500 delegates, including Heads of State, Ministers of Finance, Central Bank Governors, development partners, and civil society organizations gathered in Lomé, Togo for the inaugural African Union Debt Conference.
External debt (money owed to foreign creditors) has been on the rise globally over the past years. Sovereign and corporate bond borrowing in 2024 has reached 25 trillion nearly three times the…
BY YANET FANTAYE WOGAYEHU – Sub Saharan Africa’s economic growth is set to slow in 2025 and next year mainly due to the surge of global policy uncertainty, says the International Monetary…
In their joint brief paper, Era Dabla-Norris, Vitor Gaspar, and Marcos Poplawski-Ribeiro stated that major policy shifts underway have heightened global uncertainty and indicated that global public debt is likely to continue…
The Eleventh Session of the Africa Regional Forum on Sustainable Development (ARFSD-11) kicked off in Kampala, Uganda, with a powerful call to action on bold leadership and decisive policies that drive jobs,…
With over 10 to 12 million young Africans entering the workforce annually, but only around 3 million formal jobs created each year in Africa, African countries are told to make job creation…
BY ANDUALEM SISAY GESSESSE / JOHANNESBURG – The African Union (AU) is urged to take the leadership and help member states to craft a uniform debt contract template that protects the African…