The $25 billion goal of the African Development Bank (AfDB) is "well on track," according to AfDB President Akinwumi Adesina, whose organization supports programs in over 30 African nations that have contributed to the production of almost $12 billion worth of food.
In an effort to boost its dwindling exports of edible oil, Uganda has started the reconstruction of important routes of entry to oilseed projects in 81 areas.
Despite the impressive half-year results reported by listed companies since last month, persistent economic concerns, poor returns from listed shares, the end of the dividend hunting season, and relatively high-interest rates on government securities have scared away several institutional investors from the Uganda Securities Exchange (USE).
In August 2023, Nigeria's earnings from the export of crude oil (excluding condensates) grew by N188.7 billion as a result of a slight rise in production of the commodity by both foreign and domestic sector players.
According to a Parliamentary Budget Office study, the Kenyan government expects inflation to drop to the Central Bank of Kenya (CBK) target range of 5% in 2023.
To increase the competitiveness of its marine sector and produce at least $10 billion annually by 2030, Kenya has restarted the leasing process for its major ports.
The African Development Bank (AfDB) and the Korean government inked two agreements to boost Africa's development objectives, the first of which is worth $28.6 million.
According to the report, if current trends continue, over 340 million women and girls - an estimated 8 per cent of the world’s female population - will live in extreme poverty by 2030.
Iranian state media said on Friday that two oil tankers that were purportedly transporting gasoline smuggling in the Gulf had been captured and their crews detained.
The national interest rate, often referred to as the central bank interest rate or benchmark interest rate, plays a pivotal role in shaping a country's economic landscape.
Surprisingly, the report noted that the fastest-growing region in 2022 was Sub-Saharan Africa, growing by 34.7%, driven by South Africa, which is the region’s biggest market.
In an era when growing gasoline costs frequently impose a substantial strain on both individuals and businesses, certain countries stand out as beacons of relief with astonishingly cheap fuel prices.
The Ruto administration, based on a recent report seems to have budged under the decade-long insistence from the International Monetary Fund to drop blanket reliefs on consumption.
A crucial economic indicator, the debt-to-GDP (gross domestic product) ratio offers important clues about the fiscal health and economic stability of a nation.
Due to the passing of Uganda's controversial anti-gay bill, a number of US businesses covered by the Africa Growth Opportunity Act (Agoa) have ceased doing business with the East African nation. Particularly, these enterprises have stopped purchasing textiles from Uganda.
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