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, 2023Section
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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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
Ethiopian Deputy Minister Detained Over Alleged Terror Links
Ethiopia's Deputy Minister of Peace, Taye Dendea, has been arrested amid allegations of terrorist connections.
December 12, 2023 Ethiopia Welcomes Foreign Banks with Caution
Ethiopia, under Prime Minister Abiy Ahmed's economic growth strategy, plans to issue up to five banking licenses to foreign investors.
December 7, 2023
Mozambique Increases 2024 Spending for Development
In the latest Africa news, Mozambique's 2024 state budget heralds a significant shift towards strengthening its economy.
December 4, 2023
Brazil Rekindles African Partnership Amid Global Rivalry
Brazil is re-establishing its connections with Africa, signaling a major shift in its international approach.
December 4, 2023
Renamo Seeks Legal Action Over Mozambique Elections
Renamo, Mozambique's main opposition party, is taking decisive legal action following the controversial local elections on October 11.
November 30, 2023
Debt Challenges for The Gambia and Mozambique’s State Firms
The World Bank has flagged The Gambia's and Mozambique's state-owned enterprises (SOEs) as a financial hazard to the nation's economy.
November 29, 2023