Egypt is setting its sights on a substantial increase in foreign direct investment (FDI) as it seeks to boost its economic growth. The government has outlined a plan to attract $35 billion in FDI over the next five years, with […]
The Board of Directors of the African Development Bank Group have approved South Africa’s Country Strategy Paper (CSP) 2023-2028 The Bank’s interventions over the next five years will focus on two priority areas: improving governance and developing the private sector […]
China’s e-commerce nexus, a bustling digital marketplace, continues to expand its global footprint. In the first half of 2023, cross-border trade volume soared to an astronomical 1.1 trillion yuan ($150.5 billion), marking a 16.6% increase from the previous year. A […]
On September 23, the Taiwanese stock market dipped, the index plummeting to a low of 16,245 points in trading, a stark contrast to the 16,300 point mark it was precariously holding onto. This descent was not an isolated incident, but […]
Investors continue to withdraw money from China’s onshore stock exchanges amid slumping equity prices, adding to the biggest capital flight from the nation in seven years, according to Goldman Sachs. Foreign investors were net sellers of US$3.3 billion of A […]
In the early hours of the 23rd of October, the Industrial Rich Union (SH601138), one of China’s leading tech companies, saw a surge in its stock market limit. The company’s limit board was soon flooded with closing orders, reaching an […]
The “Giant of Africa,” Nigeria, is quickly establishing itself as a major economic force on the international scene. Nigeria is positioned to play a key role in the global economy because of its expanding population, wealth of natural resources, booming […]
South Africa is set to briefly overtake Nigeria and Egypt as the continent’s largest economy next year, International Monetary Fund forecasts show. The IMF’s World Economic Outlook envisions South Africa’s gross domestic product reaching $401 billion based on current prices […]
Since the private sector is directly involved in cross-border trade, it is a major stakeholder and beneficiary of the AfCFTA. Thus, to better understand how African businesses are approaching the AfCFTA and, more importantly, how the AfCFTA can best support […]
The International Financial Corporation (IFC) will provide Egypt’s Banque Misr with a $234 million loan to support small, and medium-sized enterprises (SMEs), with half of the funding allocated for women-led businesses. The partnership will help create jobs, boost economic growth, […]
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