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magazine

Economy

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Sonatrach of Algeria and Exxon Mobil ink agreement for hydrocarbon development
23 May
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Sonatrach of Algeria and Exxon Mobil ink agreement for hydrocarbon development

The state-owned Algerian oil and gas business announced on Thursday that Sonatrach
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Larger investors defying EM outflows by flooding emerging markets with cash
23 May
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Larger investors defying EM outflows by flooding emerging markets with cash

According to a seasoned Bank of America economist who spoke with Reuters,
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Uganda has decided to temporarily shut down the Nalubaale and Kiira hydroelectric stations due to the presence of floating weeds
22 May
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Uganda has decided to temporarily shut down the Nalubaale and Kiira hydroelectric stations due to the presence of floating weeds

On Tuesday, Uganda temporarily closed two crucial hydropower plants in the eastern
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The state has announced that Ethiopia is on course to achieve a 7.9% economic growth in the fiscal year 2023/24
22 May
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The state has announced that Ethiopia is on course to achieve a 7.9% economic growth in the fiscal year 2023/24

The Ethiopian government has declared that the nation’s economy is on course
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Recent evidence has emerged indicating that Apple is obtaining minerals from regions in eastern Democratic Republic of Congo that are affected by armed violence
22 May
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Recent evidence has emerged indicating that Apple is obtaining minerals from regions in eastern Democratic Republic of Congo that are affected by armed violence

On Wednesday, international lawyers representing the government of the Democratic Republic of
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Haiti’s primary international airport has resumed operations after being shut down for over three months
22 May
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Haiti’s primary international airport has resumed operations after being shut down for over three months

Haiti has resumed operations at its primary international airport following a nearly
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ADNOC expands its presence in the international gas market by entering into a transaction in Mozambique, marking its fourth venture in this sector outside of its own country
22 May
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ADNOC expands its presence in the international gas market by entering into a transaction in Mozambique, marking its fourth venture in this sector outside of its own country

ADNOC has acquired a 10% share in Galp’s Area 4 concession of
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Microsoft has formed a partnership with an artificial intelligence company based in the United Arab Emirates to invest $1 billion in a data center located in Kenya
22 May
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Microsoft has formed a partnership with an artificial intelligence company based in the United Arab Emirates to invest $1 billion in a data center located in Kenya

Microsoft (MSFT.O) is collaborating with G42, an AI business located in the
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The credit ratings of emerging markets are experiencing a positive improvement
22 May
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The credit ratings of emerging markets are experiencing a positive improvement

There is increasing evidence that the decline in sovereign credit ratings, which
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The Central Bank of Nigeria has implemented another significant increase in interest rates, marking the third such increase this year
22 May
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The Central Bank of Nigeria has implemented another significant increase in interest rates, marking the third such increase this year

The central bank of Nigeria implemented a significant increase in interest rates
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