Africa

African economies remain upbeat despite multiple shocks, says AfDB vice-president 

African economies remain resilient despite experiencing multiple shocks, with 53 out of 54 African countries seen maintaining positive growth and a stable outlook for...

AfDB report: Africa’s economic growth to outpace global forecast in 2023-2024

Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP)...

JPMorgan: Investors should buy Eskom bonds before South Africa budget

JPMorgan has encouraged investors to buy the bonds of South Africa's Eskom ahead of the country's Feb. 22 budget, which is expected to set...

Africa deserves right to use natural gas reserves – AfDB chief

The right of African countries to use their natural gas reserves should be reflected in any deal at the COP27 climate talks, the president...

Nigeria approves 1,650 MW hydropower project, official says

Nigeria has approved the construction of a 1,650 megawatt (MW) hydropower plant at a cost of $3 billion, making it one of the single...

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