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EcofinAgency. ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining ...
Economic information from Africa - Ecofin Agency
Feb 19, 2019 · Tunisia: Cinema as a tool for fight against corruption. L’agence Ecofin est une agence d’information économique africaine, créée en décembre 2010, basée à Yaoundé et à Genève. Elle rassemble une équipe de journalistes et d’experts, spécialisés dans les principaux secteurs africains de l’économie.
South Africa, Morocco, Egypt, and Kenya Dominate African …
12 hours ago · South Africa continued to dominate the life insurance market with $34.8 billion in premiums, far surpassing Morocco ($2.5 billion), Egypt ($1.2 billion), and Kenya ($1.1 billion). On the other hand, the non-life insurance sector, also referred to as property and casualty insurance, faced challenges in 2023. Inflation-adjusted non-life premiums ...
U.S. Provides $150 Million Loan for Africa's Largest Graphite Mine
5 days ago · In September 2023, the United States announced a $150 million loan to Australia’s Syrah Resources, which operates Africa's largest graphite mine in Mozambique. The loan was contingent on meeting certain conditions, which have now been fulfilled. Syrah Resources confirmed yesterday, Oct.30, a $150 million binding loan agreement with the U.S.-based...
Airfares Could Soon Drop in West Africa as ECOWAS Takes Action
13 hours ago · Airfares Could Soon Drop in West Africa as ECOWAS Takes Action. Tuesday, 05 November 2024 12:50. facebook. linkedin. (Ecofin Agency) - High airport taxes and fees make West Africa one of the priciest regions for air travel. Adding to existing hurdles in the sector, this challenge has now become a key focus for ECOWAS.
IFC Funding in Africa Hits Record $14.2bn in FY 2023-24, Up 23%
5 days ago · The International Finance Corporation (IFC) announced on October 30 a record $14.2 billion in investments across Africa during the 2023/2024 fiscal year, which ran from July 1 to June 30. This figure marks a 23% increase from the previous year. The funds include $8.5 billion in direct long- and short-term financing by the IFC and an additional ...
EU Pledges $1.2 Billion to Support AfCFTA - Ecofin Agency
Oct 17, 2024 · While the EU is Africa’s largest trading partner, with trade reaching nearly €367 billion in 2023, stronger economic and trade integration within Africa will create a vast unified market of 1.3 billion consumers for European businesses. The European Union (EU) announced yesterday the disbursement of €1.1 billion (around $1.2 billion)...
Africa's e-commerce revenue to hit $59.18bn by 2027, growing by …
Nov 3, 2023 · Despite many African e-commerce platforms struggling to attain profitability, the sector's outlook remains promising, driven by the digitalization of payments, the implementation of the African Continental Free Trade Area, and the advancement of deferred payment systems. The overall revenue of active e-commerce platforms in Africa is expected to reach $59.18...
African Economic Outlook 2021: Africa’s growth prospects bullish ...
Mar 15, 2021 · Despite the challenging backdrop of a global pandemic and external economic shocks, Africa is expected to recover from its worst recession in half a century and reach 3.4 percent growth in 2021, the African Development Bank said in its 2021 African Economic Outlook report, launched on Friday. The outbreak of...
African companies attracted $10.7 billion in alternative financing in ...
Jan 21, 2022 · The year 2021 saw a rise in private equity and venture capital financing in Africa, driven by opportunities in the post-pandemic period. The overall value of non-bank and non-market financing transactions on the continent last year reached at least $10.7 billion. Based on official market data, this figure may be...