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Zambia and China have decided to use their national currencies for the settlement of their trade and the financing of their bilateral investments. A measure which aims in particular to reduce exchange costs. China has invested more than $11.3 billion i…
Trade: agreement between Zambia and China for the use of their national currencies Read MoreAccording to a Fitch Solutions report, the Egyptian economy is expected to grow by 4.4% in the 2023/2024 financial year (July-June) compared to 4.2% in the 2022/2023 financial year. An increase which is justified by the increase in foreign investments …
Egypt: growth expected to be 4.4% in 2023/2024 Read MoreThe Minister of Finance of the Federal Government of Somalia, HE Bihi Iman Egeh chaired a fruitful meeting with a delegation from the World Bank on their current operations and post debt relief priorities.The Bank is a valuable partner to Somalia’s soc…
Minister of Finance chairs a meeting with the World Bank Read MoreThe African Development Bank and the Government of Korea have signed two financing agreements to boost Africa’s development agenda worth $28.6 million. This amount is in addition to co-financing of $600 million under the Korea-Africa Energy Investment …
Cooperation: AfDB and Korea sign grant agreements worth $28.6 million Read MoreThe President of the Transition, Head of State, Captain Ibrahim TRAORE, met this Monday morning with representatives of traders from the markets and yaars of Burkina Faso. Through direct exchanges, representatives of women, the elderly and young peopl…
Social dialogue: the Head of State exchanges with market traders and yaars Read MoreKenya raked in $475 million in revenue from its shipments of horticultural products between January and June 2023. This represents an increase of 7.16% compared to the income of 64.84 billion shillings ($443 million) recorded in during the same period…
Kenya: horticultural export earnings increased to $475 million Read MoreWhile seeking an amount of 30 billion FCFA on the financial market, Senegal was offered overall bids of 40.265 billion FCFA. This corresponds to a coverage rate of the amount auctioned of 134.22%. The amount of the accepted bids is 30.265 billion FCFA…
Financial market: Senegal mobilizes 30.265 billion FCFA Read MoreInternational prices of food products are in decline more than a year after Russia’s invasion of Ukraine. Last August, the FAO price index which tracks the evolution of food prices reached 121.4 points. This figure, down compared to that of July (124 …
Consumption: the FAO index fell to its lowest in 2 years Read MoreSenegalese GDP growth in the first half of the year is expected to increase from 5.3% to 4.1%. This situation can be explained by the tense socio-political situation which weighed on the activity of the trade and services sectors during the first half …
Senegal: GDP will fall from 5.3% to 4.1% Read MoreDue to a debt amounting to nearly 120 billion naira, Nigerian telecoms companies were preparing to cut off USSD services to banks. But an agreement was reached. Deposit banks have agreed to pay the 120 billion naira ($151.9 million) they owe to telecom…
Nigeria: telecom operators and banks agree on USSD services Read MoreAlgeria’s foreign exchange reserves reached nearly 85 billion dollars at the end of August 2023 compared to 60.9 billion at the end of December 2022. A performance due to the increase in hydrocarbon prices, which represents nearly 94% of the total Alge…
Algeria: foreign exchange reserves rise to $85 billion Read MoreIn the DRC, the production capacity of the Tenke Fungurume copper and cobalt mine will reach 450,000 tonnes next year. With the 150,000 tons expected to be delivered by the Kisanfu mine commissioned in the second quarter of 2023, its total production w…
DRC: a Chinese company wants to produce 600,000 tonnes of copper in 2024 Read More