economic

As Somalia continues to experience a historic drought, pushing millions of Somalians into acute food insecurity the International Fund for Agricultural Development (IFAD), announced that it will substantially strengthen its support to…

Ghanaian government and trade unions have agreed to increase all public servants’ salaries by 30 percent for 2023, they said in a joint statement, as the country struggles to reduce debt and tackle rampant inflation. Trade unions…

The IMF has called on governments in sub-Saharan Africa to be cautious about macroeconomic reforms, as famine spreads in a region badly affected by the aftermath of Covid-19 and the war in Ukraine. "Addressing the lack of resilience to…

Algerian president Abdelmadjid Tebboune hosted his Venezuelan counterpart Nicolas Maduro in Algiers. The South American leader arrived in the North African nation on Wednesday evening, for what Algeria’s state news agency called a…

The Kenya president has spoken to Parliament praising the country's response to the pandemic. In his State of the Nation speech, president Uhuru Kenyatta downplayed the impact of Covid-19 on the economy. "Today I am happy to go on…

Hundreds of truck drivers in Sudan have continued their month-long strike blocking access to the main sea entry point. The demonstrations began when key eastern tribes opposing the transitional government in Khartoum blocked roads and…

Ethiopia is keen to learn from China's economic transformation as the east African country embarks on its own ambitious economic reform program, Ethiopian official said. Tagesse Chafo, speaker of the Ethiopian Parliament, made the remarks…