Even with its large population, the continent is still a small player in the insurance sector. It accounts for less than 1% of global premiums and has an average premium of just $46 per person. South ...

High airport taxes and fees make West Africa one of the priciest regions for air travel. Adding to existing hurdles in the sector, this challenge has now become a key focus for ECOWAS. The Economic ...

As Africa increasingly embraces digitalization, Ethiopia shows promising prospects for its digital economy, which analysts expect to grow significantly, positively impacting its GDP. Ethiopia's ...

In 2021, Colonel Mamadi Doumbouya led a coup that brought him to power in Guinea. One of his main goals is the Simandou project, which has been stalled for decades but is set to begin production next ...

Despite challenges related to the economic climate, the International Bank for Trade and Industry of Côte d'Ivoire (BICICI) expects to maintain positive momentum for the rest of 2024. The ...

The launch of 5G marks a strategic milestone in Ghana’s economic and social development. It bridges connectivity gaps, improves service delivery, and unlocks new opportunities across industries. Ghana ...

As relations between the ruling juntas in the Sahel States Alliance (AES) and Western powers continue to worsen, Russia is ramping up economic initiatives to strengthen its influence in the region.

The IMF's support is designed to make Sierra Leone's economy more resilient, lift living standards, and fight poverty through structural reforms and focused social programs. Sierra Leone will receive ...

The World Bank's private arm supported 130 projects in 45 countries with a record $14.2 billion to assist local entrepreneurs who often face challenges accessing financing. The International Finance ...

The package includes $25 billion in direct investments from private companies, along with funding for startups and loans. Saudi Arabia announced plans to raise $41 billion in investments and financing ...

For several years, Emmerson has focused on the Khemisset potash project in Morocco, with plans to produce more than 700,000 tonnes of potash each year over a lifespan of 19 years. However, since 2023, ...

Pan-African bank group Ecobank reported an 8% rise in net profit for Q3 2024, reaching $340.5 million. This growth was largely driven by an 18% drop in the cost of risk, a key factor for the bank as ...