Africa economic news

Here are some recent economic news stories from Africa:

1. African Economic Outlook 2023: Growth to Slow Down

The African Development Bank (AfDB) has released its African Economic Outlook 2023, which predicts that Africa's economic growth will slow down to 3.4% in 2023, due to global economic headwinds and the ongoing COVID-19 pandemic. (Source: African Development Bank)

2. Nigeria's Economy Grows by 3.1% in Q3 2022

Nigeria's economy grew by 3.1% in the third quarter of 2022, driven by a rebound in the agricultural sector and a recovery in the oil sector. (Source: National Bureau of Statistics, Nigeria)

3. South Africa's Inflation Rate Rises to 6.5%

South Africa's inflation rate rose to 6.5% in November 2022, driven by higher food and fuel prices. The country's central bank has raised interest rates to combat inflation. (Source: South African Reserve Bank)

4. Egypt's Economy Grows by 4.5% in Q3 2022

Egypt's economy grew by 4.5% in the third quarter of 2022, driven by a recovery in the tourism sector and a rebound in the manufacturing sector. (Source: Central Agency for Public Mobilization and Statistics, Egypt)

5. Morocco's Exports Reach Record High

Morocco's exports reached a record high of $23.4 billion in 2022, driven by a surge in exports of phosphates, textiles, and automotive products. (Source: Moroccan Ministry of Industry, Trade, and Digital Economy)

6. Kenya's Economy Grows by 5.5% in Q3 2022

Kenya's economy grew by 5.5% in the third quarter of 2022, driven by a recovery in the agricultural sector and a rebound in the manufacturing sector. (Source: Kenya National Bureau of Statistics)

7. Ghana's Inflation Rate Rises to 27.6%

Ghana's inflation rate rose to 27.6% in November 2022, driven by higher food and fuel prices. The country's central bank has raised interest rates to combat inflation. (Source: Bank of Ghana)

8. Ethiopia's Economy Grows by 8.5% in Q3 2022

Ethiopia's economy grew by 8.5% in the third quarter of 2022, driven by a recovery in the agricultural sector and a rebound in the manufacturing sector. (Source: Central Statistical Agency, Ethiopia)

9. Rwanda's Economy Grows by 8.2% in Q3 2022

Rwanda's economy grew by 8.2% in the third quarter of 2022, driven by a recovery in the agricultural sector and a rebound in the manufacturing sector. (Source: National Institute of Statistics of Rwanda)

10. African Union Launches African Continental Free Trade Area

The African Union has launched the African Continental Free Trade Area (AfCFTA), which aims to create a single market for goods and services across Africa. The agreement is expected to boost intra-African trade and economic integration. (Source: African Union)

These are just a few examples of recent economic news from Africa.