The number of people living on less than $3 a day fell from more than 2 billion in 2003 to 781 million in 2024 across the countries studied Rural residents account for 73% of the world's extreme poor ...

Guinea plans to spend $621 million to keep fuel prices at GNF12,000 per liter, using nearly 10% of expected tax revenue. The revised budget also includes more funding for healthcare, water access and ...

The World Bank counts more than 400 projects in development, about 200 operating farms and licensed capacity exceeding 120,000 tons. Aquaculture generates MAD 95 million in value added, accounting for ...

Sirte Oil has brought two methanol units back to full operation after years of shutdowns and repairs. Libya plans to raise its refining capacity to 660,000 barrels per day, well above its current ...

The IMF estimates the government's potential exposure to the utility at 4.4% of GDP by 2031/32 under its baseline scenario, rising to 13.9% under severe stress EEC imports nearly 80% of the country's ...

Government securities accounted for 30.4% of banking-sector assets in March 2025, up from 21% in 2019, with the share reaching 50% to 60% at some mid-tier banks. Real private-sector credit grew by an ...

South Africa has introduced a revised White Paper on Local Government to strengthen financial oversight, professionalize municipal administrations and improve public service delivery. Mounting ...

Benin and the United Arab Emirates signed a Comprehensive Economic Partnership Agreement (CEPA) on October 25 to reduce tariffs, improve market access and strengthen investment ties. Trade growth: Non ...

The African Development Bank (AfDB) raised $2.5 billion through a US dollar bond offering that attracted $4.8 billion in orders, nearly twice the targeted amount. Competitive borrowing costs: The bond ...

China's Zhejiang Huayou has completed the acquisition of a 22.5% stake in Ghana's Ewoyaa lithium project from Elevra Lithium, following regulatory approval. Broader takeover strategy: The Chinese ...

Guinea’s instant payment platform NimbaPay processed nearly 67,000 transactions worth more than 68 billion Guinean francs ($7.6 million) within four months of its launch. Growing network: Seven ...

Norway's BW Energy suspended operations at its MaBoMo oil production facility offshore Gabon after the Prospector 5 drilling rig sank on October 24. Five people missing: The rig carried 115 people ...