Mozambique’s Economic Downturn in Late 2023
In the last quarter of 2023, Standard Bank's Purchasing Managers' Index reported a decline in Mozambique's private sector economic activity.
January 5, 2024Section
Eastern Africa
Eastern Africa – Kenya, Ethiopia, Tanzania, Uganda and Rwanda – is the continent’s fastest-integrating bloc, a hub for tech, logistics, ports and a rising consumer class along the Indian Ocean trade routes. The Rio Times tracks the region’s growth, currencies, infrastructure megaprojects, and the contest among China, the Gulf and the West for influence. This hub gathers our daily Eastern Africa coverage through a business and investment lens.
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Sudan’s Escalating Crisis: A Call to Arms
In the latest Africa news, In Sudan, the conflict has intensified with the advancement of the Rapid Support Forces (RSF).
December 29, 2023
Africa’s Democratic Crisis Deepened in 2023
The year 2023 marked a crucial yet difficult time for democracy in Africa, especially in its western and central parts.
December 28, 2023
Mozambique’s Strategic Success in the Battle for Cabo Delgado
Mozambique's army, under Major General Tiago Nampele, has made significant headway in Cabo Delgado against terrorism.
December 26, 2023
Uganda’s Tough Anti-LGBTQ+ Law: A Crisis Unfolds
This week, Uganda's highest court is examining a controversial anti-LGBTQ+ law, widely criticized internationally.
December 20, 2023
Egypt’s el-Sisi Secures Third Term
Egyptian President Abdel Fattah el-Sisi won re-election for a third six-year term on Monday, December 18, 2023.
December 19, 2023
Sub-Saharan Africa Poised for 4% Growth in 2024
Fitch Ratings forecasts a 4% growth for Sub-Saharan Africa in 2024, signifying a steady economic progression.
December 18, 2023
Debt Woes Escalate for Ethiopia as Credit Rating Drops
Ethiopia, facing a challenging economic period, recently saw its credit rating downgraded by Fitch Ratings.
December 15, 2023
The Rise of Mozambique’s Sovereign Wealth in 2023
On Friday, Mozambique took a significant step by establishing the Mozambique Sovereign Fund (FSM),fueled by natural gas revenues.
December 15, 2023