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magazine

Economy

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Ethiopia’s Gerd surpasses electricity generation expectations
07 Jun
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Ethiopia’s Gerd surpasses electricity generation expectations

According to the Ethiopian government, the Grand Ethiopian Renaissance Dam (Gerd) has
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Ivory Coast’s gold output for 2023 receives a significant boost with the opening of new mines
07 Jun
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Ivory Coast’s gold output for 2023 receives a significant boost with the opening of new mines

Ivory Coast’s gold production reached an all-time high in 2023, thanks to
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Kenya’s parliament has given its approval for the government’s proposed spending of $31 billion in the upcoming fiscal year
07 Jun
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Kenya’s parliament has given its approval for the government’s proposed spending of $31 billion in the upcoming fiscal year

Kenya’s parliament has given the green light to government spending of 4.00
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Guinea has recently signed a significant alumina refinery deal with a subsidiary of Emirates Global Aluminium. This partnership marks a significant milestone in the country’s efforts to develop its aluminum industry
07 Jun
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Guinea has recently signed a significant alumina refinery deal with a subsidiary of Emirates Global Aluminium. This partnership marks a significant milestone in the country’s efforts to develop its aluminum industry

According to two senior officials from Guinea’s mines ministry, a non-binding agreement
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Production at the Gotion High Tech Morocco gigafactory is scheduled to begin in 2026
07 Jun
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Production at the Gotion High Tech Morocco gigafactory is scheduled to begin in 2026

China’s Gotion High Tech (002074.SZ) will begin production at a gigafactory in
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According to a draft document, Nigeria might spend 50% more on fuel subsidies in 2024
07 Jun
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According to a draft document, Nigeria might spend 50% more on fuel subsidies in 2024

Nigeria will probably borrow an additional 6.6 trillion naira to cover budget
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If the IMF Board approves, Egypt will receive around $820 million, according to the institution
07 Jun
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If the IMF Board approves, Egypt will receive around $820 million, according to the institution

The International Monetary Fund announced on Thursday that it and Egypt had
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Ugandan state oil company inks agreements with 80 marketers for fuel sales
05 Jun
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Ugandan state oil company inks agreements with 80 marketers for fuel sales

Uganda National Oil Company (Unoc) signed sales and purchase agreements (SPAs) with
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The World Bank projects that Kenya’s economic growth will drop to 5% in 2024
05 Jun
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The World Bank projects that Kenya’s economic growth will drop to 5% in 2024

Kenya’s economy is expected to grow by 5.6% in 2024, down from
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Zambia’s debt restructuring fails miserably as an excruciating prototype
05 Jun
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Zambia’s debt restructuring fails miserably as an excruciating prototype

Resource-rich Zambia is about to pull itself out of default more than
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