The funds will primarily go toward settling loans provided by Ethiopia’s largest bank to several state-owned companies, including Ethiopia Electric Power, Ethiopian Sugar Corp, and Ethiopia Railway ...

Even though venture capital investments have slowed in Africa, sectors like fintech and renewable energy continue to draw significant funding. However, the ecosystem remains largely male-dominated. In ...

In Côte d'Ivoire, the middle class's taste for wine shows no signs of slowing down. In this West African nation, one of the continent's fastest-growing economies, demand for the beverage keeps rising ...

The report emphasizes that gender equality is not just about fairness; it is also a crucial economic issue. If the gap between men and women were completely closed, the continent's GDP could increase ...

Even with its large population, the continent is still a small player in the insurance sector. It accounts for less than 1% of global premiums and has an average premium of just $46 per person. South ...

High airport taxes and fees make West Africa one of the priciest regions for air travel. Adding to existing hurdles in the sector, this challenge has now become a key focus for ECOWAS. The Economic ...

As relations between the ruling juntas in the Sahel States Alliance (AES) and Western powers continue to worsen, Russia is ramping up economic initiatives to strengthen its influence in the region.

The IMF's support is designed to make Sierra Leone's economy more resilient, lift living standards, and fight poverty through structural reforms and focused social programs. Sierra Leone will receive ...

As Africa increasingly embraces digitalization, Ethiopia shows promising prospects for its digital economy, which analysts expect to grow significantly, positively impacting its GDP. Ethiopia's ...

The launch of 5G marks a strategic milestone in Ghana’s economic and social development. It bridges connectivity gaps, improves service delivery, and unlocks new opportunities across industries. Ghana ...

Despite challenges related to the economic climate, the International Bank for Trade and Industry of Côte d'Ivoire (BICICI) expects to maintain positive momentum for the rest of 2024. The ...

Saudi Arabia has established a company to invest in global mining operations. After acquiring a 10% stake in Brazil's Vale Group in 2023, Manara Minerals, a Saudi firm, now wants to invest in the ...