Tag : Africa

Business

Botswana downgrade adds pressure to diamond economy

manamalive.com
GABORONE: Botswana is facing renewed pressure on its diamond-driven economy after S&P Global Ratings lowered the country’s long-term sovereign rating to BBB- from BBB and its short-term rating to A-3 from A-2, while keeping a negative outlook....
EU announces €1.87 billion humanitarian budget for 2025
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EU announces €1.87 billion humanitarian budget for 2025

manamalive.com
The European Union has unveiled a €1.87 billion budget for 2025 to address global crises, focusing on emergencies in Gaza, Syria, Ukraine, and other critical regions worldwide....
OPEC Fund co-finances Africa’s largest onshore wind power project
Business

OPEC Fund co-finances Africa’s largest onshore wind power project

manamalive.com
The OPEC Fund has committed $30M to co-finance Africa’s largest onshore wind power project in Egypt’s Gulf of Suez, expected to power 1M homes and cut emissions by 2.5M tons annually....
Egypt food exports reach $5.5 billion in first 11 months of 2024
Business

Egypt food exports reach $5.5 billion in first 11 months of 2024

manamalive.com
Egypt’s food exports reached $5.5 billion by November 2024, marking a 17% growth over 2023, with key markets including Arab nations, Europe, Africa, and the United States....