Energy exports drop, increased imports turn Algeria’s current account to deficit The drop in energy exports and increased imports reversed…
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Service sector recovery to drive Mozambique economy in 2025
For 2025, GDP growth is projected to reach 2.5 percent as economic activity picks up, especially in the second half…
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Africa’s millionaire population to grow 65%
Africa’s millionaire population is projected to grow by 65% over the next decade, according to the newly published Africa Wealth…
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Cameroon secures $75 million financing from IMF
The Government of Cameroon is set to receive over $75 million from the International Monetary Fund (IMF).
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Africa told to unite amid debt crisis, donor retreat
Rising debt, geopolitical instability and declining aid flows are intensifying external pressure on African economies.
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US-Iran tension exposes decline of dollar’s safe haven status
The financial markets’ reaction to intensifying US-Iran tensions has revealed a sharp erosion of the US dollar’s safe haven status,…
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US Ambassador discusses development initiatives in Jimma, Ethiopia
The United States Ambassador to Ethiopia Ervin Massinga travelled to Jimma, in the Oromia region from May 29-30, to meet…
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AU debt conference convenes in Togo
Over 500 delegates, including Heads of State, Ministers of Finance, Central Bank Governors, development partners, and civil society organizations gathered…
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Reflection on Ethiopia’s external debt with figures
External debt (money owed to foreign creditors) has been on the rise globally over the past years. Sovereign and corporate…
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Sub Saharan Africa growth to slow, says IMF
BY YANET FANTAYE WOGAYEHU – Sub Saharan Africa’s economic growth is set to slow in 2025 and next year mainly…
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Countries urged to address rising global public debt
In their joint brief paper, Era Dabla-Norris, Vitor Gaspar, and Marcos Poplawski-Ribeiro stated that major policy shifts underway have heightened…
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African leaders press for fast SDGs implementation
The Eleventh Session of the Africa Regional Forum on Sustainable Development (ARFSD-11) kicked off in Kampala, Uganda, with a powerful…
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Africa told to prioritize job creation
With over 10 to 12 million young Africans entering the workforce annually, but only around 3 million formal jobs created…
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Africa urged to craft uniform debt contract template
BY ANDUALEM SISAY GESSESSE / JOHANNESBURG – The African Union (AU) is urged to take the leadership and help member…
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