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Top Richest Countries in Africa 2023

Top Richest Countries in Africa 2023

It is Nigeria, a country in West Africa, which stands out as the most powerful economy on the continent. With a GDP estimated at $477 billion in 2022, Nigeria is at the top of the ranking of the richest African countries, ahead of Egypt and South Africa. According to IMF

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Kenya's Bold Move: Privatizing State-Owned Companies Amid Economic Challenges
IMF

Kenya's Bold Move: Privatizing State-Owned Companies Amid Economic Challenges

In a significant economic shift, Kenya's government has revealed plans to privatize the first 35 state-owned companies, targeting only those facing financial losses and bureaucratic hurdles. Although the specific companies have not been disclosed, President William Ruto emphasized that potentially lucrative entities would be divested, signaling a strategic

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AfDB Loans to Kenya Hit $3.95bn

AfDB Loans to Kenya Hit $3.95bn

African Development Bank’s (AfDB) loans to Kenya have grown 37.2 percent in the last five years to cross the half-a-trillion shilling mark, deepening the pan-African lender’s role in the country’s development agenda.

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