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Mozambique Railways (CFM) and the National Railways of Zimbabwe (NRZ) have signed agreements for CFM to operate its locomotives in Zimbabwe, streamlining freight transport. The deals cover critical rail corridors …
Mozambique and Zimbabwe Form Strategic Rail Partnership to Enhance Freight Services Read More
Rwanda’s economy grew by 8.9% in 2024, driven mainly by services, agriculture, and industry sectors. The GDP reached Rwf18.785 billion, with notable increases in private consumption. The government remains confident …
Rwanda’s Economy Achieves 8.9% Growth in 2024, Driven by Key Sectors Read More
Morocco plans to reduce its budget deficit under 67% by 2027, focusing on fiscal discipline and social protection. The government anticipates a decrease in the Treasury’s debt ratio, while projects …
Morocco Targets Budget Deficit Reduction Below 67% by 2027 Read More
The South African government plans a 500 million rand investment in ArcelorMittal South Africa to support key steel mills, covering salaries and increasing stake in the company. The move aims …
South African Government Allocates Funding to ArcelorMittal South Africa Read More
The OECD projects a 5.7% GDP growth for Argentina in 2025, signaling recovery after contraction, despite a 28.4% inflation forecast. Economic reforms, sector growth, and a successful debt repayment contribute …
OECD Projects 5.7% GDP Growth for Argentina in 2025 Amid Inflation Concerns Read More
The Egyptian government has launched a EGP 4 billion initiative to support 10 million families on ration cards as part of a social protection package. The initiative provides additional monetary …
Egypt Launches EGP 4 Billion Initiative to Support Vulnerable Families Read More
The September 2024 Togo Economic Outlook examines growth prospects and poverty reduction efforts, emphasizing the resilience of the economy amidst climate change challenges. It highlights the importance of agroforestry, ongoing …
Togo Economic Update: Building Resilience in September 2024 Read More
The IMF has received a formal request from Kenyan authorities for a new financing programme, as the current extended fund reviews will not continue. Finance Minister John Mbadi highlighted the …
IMF Receives Formal Request for New Financing Programme from Kenya Read More
Ghana has increased its National Daily Minimum Wage by 10% to GHS19.97, effective March 1, 2025, moving up from GHS18.15. This change highlights efforts to improve worker compensation, though it …
Ghana Updates Minimum Wage to GHS19.97 Effective March 2025 Read More
Kenya is leading in AI technology adoption in Africa, enhancing economic growth through various sectors. Microsoft underscores the rapid integration of AI in healthcare, retail, and banking. Phyllis Migwi highlights …
Kenya at the Forefront of Africa’s AI Growth and Innovation Read More