‘As African leaders meet on growth, leading economies are a drag’

As leaders of African nations meet Wednesday and Thursday to discuss growth, the two nations that account for almost half of sub-Saharan Africa’s gross domestic product are proving to be a damper on the region’s economic expansion. Nigeria and South Africa, which vie with each other to be the continent’s biggest economy, both released second-quarter […]

28th WEF Africa to address inclusive growth

The twenty-eighth World Economic Forum on Africa (WEF Africa) will focus on inclusive growth in the Fourth Industrial Revolution (4IR). Discussions scheduled for the forum, aim at finding ways to achieve sustainable growth in a country with high levels of inequality, corruption and unemployment. Elsie Kanza, WEF Africa head during a pre-WEF Africa press conference, […]

How Egypt plans to deepen financial markets with CONIA

The Egyptian monetary authority has announced steps taken to reposition its financial markets through the introduction of CONIA, the Cairo Overnight Interbank Average benchmark. Rami Abulnaga, sub-governor for markets and external relations at the Central Bank of Egypt, welcomed the introduction of CONIA as “an important milestone to support money market reform that is consistent […]