World Bank backs Malawi’s biggest FDI with $350 million clean energy grant - Finance in Africa
Malawi has secured a $350 million grant from the World Bank to support the development of a landmark hydropower storage project.| Finance in Africa
Malawi has secured a $350 million grant from the World Bank to support the development of a landmark hydropower storage project.| Finance in Africa
Egypt’s strong performance in the last fiscal year suggests growing investor confidence and capacity to meet its hefty debt obligations.| Finance in Africa
Ghana will begin refining gold locally from October 2025 as part of efforts to lift export revenue and strengthen its position in the bullion trade| Finance in Africa
Botswana has established a new sovereign wealth fund to stabilise its ailing economy, amid falling diamond revenues.| Finance in Africa
Despite gaining four points in March, the PMI remains below the 50-point threshold, indicating ongoing contraction in the sector.| Finance in Africa
Egypt has secured $1.8bn in financing from the International Islamic Trade Finance Corporation (ITFC) since the start of 2025.| Finance in Africa
Kenya’s insurance profit slumps 42% on weaker investment income| Finance in Africa
South Africa’s gross domestic product expanded by 0.8% compared to a marginal 0.1% in the first quarter, according to the latest official data.| Finance in Africa
Ghana’s economy expanded by 6.3% in Q2 2025, compared with a revised 5.7% a year earlier, according to the latest GDP report.| Finance in Africa
The headline PMI rose to 50.8 from 50.2 in July, staying above the 50.0 no-change mark for the seventh straight month according to S&P Global.| Finance in Africa
As of the second quarter of 2025, unemployment in Egypt stood at 6.1%, down from 6.3% in Q1. The labour force expanded to about 33.6 million workers, with 223,000 new entrants recorded, according to the Central Agency for Public Mobilization and Statistics (CAPMAS)| Finance in Africa
In an effort to stabilise the foreign exchange market and improve liquidity, Nigeria’s central bank launched an aggressive dollar injection drive in the first quarter of the year. But despite the scale of intervention, the naira continued to lose ground.| Finance in Africa
