News - PIA AFRICA

Libya central bank suspends operations after kidnapping of director

The Libyan Central Bank has announced the suspension of all its operations after the kidnapping of one of its executives in the capital Tripoli....

Monday, August 19th 2024
54

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Jumia leading the e-Commerce revolution in Africa [Business Africa]

This week, Business Africa highlights three trends in Africa: the rise of e-commerce, the growth of mobile gaming in Ghana, and the challenges of mushroo......

Thursday, August 15th 2024
67

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South Africa's unemployment rate climbs, over 8 million jobless

South Africa's unemplyment rate increased by 0.6 percentage points from 32.9% in Q1 2024 to 33.5% in Q2 2024, the government's statistics office reported Tuesday.......

Tuesday, August 13th 2024
78

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Sudan's economy battered by conflict

The conflict in Sudan has displaced millions and left many in the country grappling with a deteriorating economy. The northeastern African nation plunged i......

Tuesday, August 13th 2024
59

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Price instability rocks Ethiopia as it reels from foreign exchange rate reforms

The prices on the menu have been erased at a small hotel in a suburb of Ethiopia's capital, Addis Ababa. That was no mistake, the waiters......

Monday, August 12th 2024
80

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South Sudan's oil revenue drops, Security Forces unpaid for months

The recent rupture of a crucial oil pipeline has sent fresh pain through the economy of South Sudan, where even the security forces haven't been paid in n......

Friday, August 9th 2024
55

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Egypt: Pound down against foreign currencies

The Egyptian pound is falling against foreign currencies, approaching 50 per U.S. dollar after a recent increase in metro fares and fuel prices....

Wednesday, August 7th 2024
107

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World Bank says more than 100 countries hindered by "middle-income trap"

The World Bank on Thursday said that more than 100 countries risk becoming stuck in a “middle-income trap”, unless they adopt radical growth strategies fo......

Friday, August 2nd 2024
146

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Ethiopia to save $4.9 billion after completing debt restructuring exercise

Ethiopia’s State Finance Minister, Eyob Tekalign, said on Friday it expects creditors will agree to restructure $4.9 billion of debt when it completes its......

Friday, August 2nd 2024
150

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China and Africa explore new frontiers in cooperation {Business Africa}

China-Africa relations are expanding into green development, with key discussions planned for the September FOCAC summit. One expert notes that despite forecasts......