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Inflation hits record 8.9% in euro area, but economy grows

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia’s military operation in...

Algeria, Niger, Nigeria ink deal to build trans-Saharan gas pipeline

Algeria, Niger and Nigeria signed on Thursday a memorandum of understanding (MoU) for the construction of a gas pipeline across the Sahara Desert that...

South Africa set to take over a part of Eskom’s $24...

South Africa’s Treasury is finalizing a plan to take over a portion of Eskom Holdings SOC Ltd.’s 396 billion rand (24 billion U.S. dollars)...

In energy-starved South Africa, whites-only town basks in solar power

Most of South Africa is wallowing in endless power cuts, but a remote whites-only farming town in the country's sun-drenched centre is close to...

Botswana’s economic output back to pre-pandemic level, IMF says

Botswana is one of the few economies in Sub-Saharan Africa whose output has recovered to its level before the COVID-19 pandemic took hold, the...

Russia, Ukraine sign deals on resuming grain exports

Russia and Ukraine signed separate agreements Friday with Türkiye and the United Nations clearing the way for exporting millions of tons of desperately needed Ukrainian...

Zimbabwean president optimistic about mining growth prospects

Zimbabwean President Emmerson Mnangagwa said Thursday his government's target to achieve a 12 billion U.S. dollars mining industry by 2023 is achievable given the...

Egypt’s economy projected to grow steadily over the next three years

Egypt's economy will grow fairly steadily over the coming three years, with inflation gradually declining from double digits and the pound weakening in the...

Zimbabwe’s tobacco farmers make last deliveries as auction season ends

Early morning on the last day of Zimbabwe's tobacco auction season, trucks carrying tobacco bales waited to offload the crop at the Tobacco Auction...

Nigeria transforms state-run oil corporation into independent firm

Nigeria has transformed the state-run Nigerian National Petroleum Corporation (NNPC) into an independent and limited liability firm, about 45 years after the creation of...