Global economic growth continues to slow at 3% in 2023 – IMF
Abuja, Oct. 11, 2023: The International Monetary Fund (IMF) says global growth is forecast to slow from 3.5 per cent...
Foreign
SMEs in Africa take more loans as global peers wean off debt
Loans to small and medium enterprises (SMEs) on the continent have increased over the past year, even as most similar...
Excitement as World Bank/IMF hold meetings in Marrakech
Marrakech (Morocco), Oct. 9, 2023: Stakeholders from across the globe have converged on Marrakesh for the 2023 World Bank/International Monetary...
Global economy slows on low trade, inflation
Global economic growth is projected to slow down from three percent in 2022 to 2.4 percent in 2023, says a...
Uganda suspends operations at Chinese-operated oilfield
The Petroleum Authority Uganda (PAU) on October 7 suspended all operations at the Chinese-operated Kingfisher oilfield over safety concerns, after...
Safaricom’s stake in Kenya economy at $6bn
Safaricom grew its contribution to the Kenyan economy by 25 percent to move closer to the Ksh1 trillion mark ($6.7...
IMF predicts prosperity for World economy if Africa prospers
Abuja, Oct. 6, 2023: Kristalina Georgieva, Managing Director, International Monetary Fund(IMF), says a prosperous world economy in the 21st century...
DR Congo inaugurates Sakania dry port
The Democratic Republic of Congo (DRC) President Felix Tshisekedi on Tuesday inaugurated the Sakania dry port, a Chinese-built megaproject. During...
World Bank rates Africa’s growth low
Abuja, Oct. 4, 2023: The World Bank says rising instability, weak growth in the region’s largest economies, and lingering uncertainty...
Ethiopia continues gradual lifting of fuel subsidies
Nairobi, Oct. 4, 2023: The Ethiopian government has announced a new fuel retail price adjustment as the gradual lifting of...
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