Ouided Bouchamaoui, the 2015 Nobel Peace Prize Co-Laureate, has warned that Africa’s growing youth population could be a plus for Africa or a political time-bomb. This, according to her, depends on how leaders anticipate the future.
In remarks she made at the African Development Bank’s Eminent Speaker Series seminar on...
Kenya’s central bank governor said on Tuesday the country’s interest rate cap was holding back the economy, but still forecast that growth would speed up to 6.2 per cent in 2018.
Patrick Njoroge told reporters in Nairobi that the forecast could go higher in the event of a supportive fiscal...
Egypt’s economy will grow 4.2 percent in the fiscal year that began in July, well below government projections of 5.3-5.5 percent, economists said in a Reuters poll published on Tuesday.
The economy has struggled since the 2011 uprising against Hosni Mubarak drove tourists and foreign investors away, but sweeping reforms...
Recent developments
Growth in Sub-Saharan Africa is estimated to have rebounded to 2.4 percent in 2017, after slowing sharply to 1.3 percent in 2016. The rise reflects a modest recovery in Angola, Nigeria, and South Africa—the region’s largest economies—supported by an improvement in commodity prices, favorable global financing conditions, and...
Algeria has temporarily banned the import of 900 products including cell phones, household appliances and vegetables in a bid to cut a ballooning import bill following a fall in energy earnings, according to an official document seen by Reuters.
The OPEC member has been trying to cut spending since crude...
The “WISE-UP to Climate” project, initiated in April 2014 to demonstrate that natural ecosystems are nature based solutions for climate change adaptation and sustainable development, has now ended. And the thinking among partners on the project is that they have been able to advance knowledge on how to ensure...
A passenger train has caught fire in South Africa after colliding with a truck, killing at least 14 people and injuring 268, rescue workers say.
Some of the bodies are "burnt beyond recognition", Free State Health Department spokesman Mondli Mvambi told South African news site Times Live.
Video footage showed a...
Africa returned home from the Eleventh Ministerial Conference (MC11) of the World Trade Organisation (WTO) without getting any of what it tabled. The conference ended on the 13th of December 2017 in the Argentine capital, Buenos Aires, and again failed to address the longstanding demands of Africa which were...
Ethiopia has signed an agreement to build two geothermal power plants at a combined cost of $4 billion, to be run by the country’s first privately-owned utility.
The Corbetti and Tulu Moye plants will produce a combined 1,000 MW of power upon completion in eight years time in the volcanically-active...
The election of South African Deputy President Cyril Ramaphosa as the new leader of ruling African National Congress (ANC) opens up tentative prospects of a policy shift and rise in business confidence, ratings agency Moody’s said on Tuesday.
Moody’s lead sovereign analyst for South Africa, Zuzana Brixiova, said that in...