Egypt has accomplished a remarkable fiscal achievement by reducing its public debt by approximately 10% of its Gross Domestic Product over the past two years, according to Minister of Finance Ahmed Kouchouk. This reduction stands in stark contrast to global trends, as emerging market economies have experienced an average debt increase of 7% during the […]

Nigeria’s economy is poised to maintain a moderate growth trajectory in the final quarter of 2025, with the Gross Domestic Product (GDP) projected to expand by 3.7 percent, according to a comprehensive economic analysis released by Cowry Asset Management. The anticipated growth reflects the measurable impacts of fiscal and monetary reforms that are beginning to […]

Africa stands at the cusp of an unprecedented digital transformation, with the continent’s rapidly expanding digital economy projected to reach an impressive $1.5 trillion by 2030, according to groundbreaking projections revealed at the Mastercard Africa Edge Summit. This momentous forecast underscores Africa’s emergence as a formidable player in the global digital economy, driven by unprecedented […]

After seven decades of exploration, political upheaval, and corporate maneuvering, Guinea’s monumental Simandou iron ore project is finally transitioning from promise to production. Valued at $23 billion, this undertaking represents not only Africa’s largest-ever mining venture but also a potential game-changer for global iron ore markets and China’s strategic resource security. The project’s advancement signals […]

The sub-region of West Africa is undergoing a critical shift in its economic governance architecture as the Economic Community of West African States (ECOWAS), through its Private Sector Directorate, intensifies preparations for the formal launch of the ECOWAS Business Council (EBC). A meeting held on 28 October 2025 in Abuja, Nigeria, convened the Technical Working […]

The Federal Government of Nigeria is embarking on a comprehensive strategy to eliminate the export of unprocessed mineral ores from the country, marking a decisive shift in the nation’s approach to leveraging its vast natural resource endowments for sustainable economic development. This transformative policy direction was emphatically articulated at the 40th Annual General Meeting of […]

South Africa’s long-running conversation about preparing young people for the digital economy has moved decisively from pilots to national scale. Microsoft South Africa, working with Germany’s international cooperation agency GIZ and in coordination with South Africa’s higher-education authorities, has launched Ikamva Digital—a learning platform designed to put industry-aligned, mobile-first training in the hands of students, […]

The United Arab Emirates has solidified its position as one of Africa’s most strategic economic partners, ranking fourth globally in continental investments behind only the United States, China, and the European Union. Between 2019 and 2023, Emirati companies invested more than $110 billion in new projects across Africa, positioning the nation as a transformative force […]

In a landmark achievement for African climate resilience, Mozambique has received a $2 million insurance premium for drought protection covering the 2025-2026 agricultural season, representing the country’s third consecutive year of coverage under the African Development Bank’s Africa Disaster Risk Financing Programme (ADRiFi). The announcement, made during the 2025 Climate and Disaster Risk Financing Forum […]

The African Development Bank Group has approved a landmark €117 million financing package to fundamentally transform Benin’s 77 municipalities into thriving centers of private investment and job creation. The Support Programme for the Economic Development of Local Authorities (PADECT), approved on October 24, 2025, represents the Bank’s first-ever sub-national financing initiative in the West African […]