South Africa's GDP Up 0.6 Percent in 2023

South Africa's GDP Up 0.6 Percent in 2023

TEHRAN (ANA)- South Africa's economy remained muted, with its real gross domestic product (GDP) growing 0.6 percent in 2023 after expanding 1.9 percent in 2022, official data showed.
Kenya Launches Campaign to Boost Domestic Tourism

Kenya Launches Campaign to Boost Domestic Tourism

TEHRAN (ANA)- The Kenya Tourism Board (KTB), the country's tourism marketing agency, launched a campaign to boost domestic tourism.
South Africa to Beef Up Airport Infrastructure Investment

South Africa to Beef Up Airport Infrastructure Investment

TEHRAN (ANA)- The Airports Company South Africa (ACSA), which owns and operates the country's nine principal airports, has allocated more than 21 billion rands (about 1.12 billion U.S. dollars) for airport infrastructure development over the next five years, Minister of Transport Sindisiwe Chikunga said.
Italy Unveils Plan for Development of Africa

Italy Unveils Plan for Development of Africa

TEHRAN (ANA)- Italian Premier Giorgia Meloni unveiled Italy's big development plan for Africa at a summit of the continent's leaders, aiming to stem the numbers of migrants, diversify sources of energy and forge a new, non-predatory relationship between Europe and Africa.
Tunisian Gov’t to Borrow Billions from Central Bank

Tunisian Gov’t to Borrow Billions from Central Bank

TEHRAN (ANA)- Cash-strapped Tunisia wants to take the unprecedented step of borrowing billions from its central bank to plug budget deficits and heal its economic crisis, a move that experts say could cause inflation and undermine confidence in institutions.
Sudan's Economy Contracts 40%

Sudan's Economy Contracts 40%

TEHRAN (ANA)- The economy in Sudan has shrunk by 40 percent last year due to the armed conflicts in many places of the country and it is predicted to continue shrinking by about 28 percent in 2024, said Finance Minister Gibril Ibrahim.
Egypt Receives 1st Tranche of 35 Billion Dollar in UAE Investment Deal

Egypt Receives 1st Tranche of 35 Billion Dollar in UAE Investment Deal

TEHRAN (ANA)- Egypt said it has received the first batch of $35 billion pledged by the United Arab Emirates as part of a mega investment deal between the two countries. 
Angola Plans to Ban Cryptocurrency Mining Due to Energy Concerns

Angola Plans to Ban Cryptocurrency Mining Due to Energy Concerns

TEHRAN (ANA)- Angola is planning to ban and criminalize cryptocurrency mining and other virtual assets in the country to safeguard national energy security, local media Angola Press Agency (ANGOP) reported.
Comoros Joins WTO for Economic Growth

Comoros Joins WTO for Economic Growth

TEHRAN (ANA)- The Comoros became the 165th member of the World Trade Organization (WTO) after signing the Protocol on the Accession of the Comoros to the WTO at the 13th WTO Ministerial Conference in Abu Dhabi, United Arab Emirates.
Nigeria's Central Bank Raises Interest Rate to 22.75 Percent

Nigeria's Central Bank Raises Interest Rate to 22.75 Percent

TEHRAN (ANA)- Nigeria's central bank took decisive action by increasing the monetary policy rate by 400 basis points to 22.75 percent.
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