Morocco’s economy is expected to grow by 3.8% in 2025, up from 3% in 2024, according to a report released on January 20 by the High Commission for Planning (HCP). This recovery will be driven mainly by a rebound in agriculture and the resilience of non-agricultural activities. After a challenging 2024 marked by severe drought, the 2024-2025 agricultural season is expected to benefit from...

Quacquarelli Symonds (QS), a consulting firm specializing in higher education, released a report on January 16 ranking countries based on their readiness for the global labor market. The report named Egypt as the best-prepared African country to meet the evolving demands of the global job market, highlighting the country’s strengths in digital skills, artificial intelligence (AI) integration...

Afreximbank and Prosper Africa have signed a new agreement to strengthen trade and investment ties between the United States and Africa, focusing on industries critical to economic growth and innovation. The partnership, announced by Afreximbank on January 17, aims to capitalize on the unique strengths of both organizations. Key sectors targeted include creative industries, strategic minerals,...

The investment will be made through the Lofty Alpha Fund, managed by LoftyInc Capital Management. The fund has a target size of $50 million and will be based in the United States. The International Finance Corporation (IFC) plans to invest $6 million in equity in a pan-African fixed-capital venture fund aimed at early-stage technology companies across various sectors on the continent....

Telecommunications is crucial for economic growth, education, healthcare, and government operations. Poor network performance, especially in underserved areas, disrupts communication, reduces productivity, and limits access to essential services. Reliable networks are key to Africa's digital transformation and socio-economic progress.  The Uganda Communications Commission (UCC) assessed...

The introduction of eSIM technology is a significant development underscored by its potential impact on technology adoption, economic growth, and social inclusion in Africa. The technology simplifies user onboarding, potentially increasing the customer base and revenues for operators. MTN South Sudan has officially launched eSIM technology to the market. The event occurred during the group’s...

The International Labor Organization recommends allocating at least 1% of GDP to public policies for early childhood education. In Africa, this target has yet to be met, leaving women to bear an unequal share of childcare responsibilities. Increasing public spending on childcare and early childhood education could create millions of new jobs in four African countries by 2030, with 65% of these...

The ECF agreement between Ethiopia and the IMF aims to address economic imbalances, restore debt sustainability, and lay the foundation for more inclusive growth driven by the private sector. The International Monetary Fund (IMF) board has approved an immediate disbursement of $248 million for Ethiopia after completing the second review under the Extended Credit Facility (ECF). According...

The slight drop in Africa's trade deficit with China does not show a change in what Africa is exporting. That is mainly because prices for raw materials like gold, copper, and coffee have gone up. Trade between China and Africa reached $295.56 billion in 2024, growing by 4.8% compared to 2023, according to data released by China’s General Administration of Customs. Chinese exports to...

Simon Tiemtoré has become a key figure in African banking. In just four years, he has made big moves, getting attention in the African business world. As French banks pull back from Africa, this Burkinabé businessman is stepping in to fill the space they’ve left behind. His latest move is opening a branch in France—a big step for Vista Bank, which plans to grow its network to 25 banks by...