Africa

World Bank halves South Africa’s 2017 economy growth forecast

World Bank Tuesday cut down its 2017 growth forecast for South Africa after the country's economy slided into recession earlier…

Egypt relies on China to revive ailing tourism industry

Governor of Egypt's Luxor Governorate Mohamed Badr told Xinhua in a recent interview that Egypt is eager to tap into the…

Africa increasingly important in global tourism, says Senegalese tourism counselor

Africa is playing an increasingly important role in global tourism, while Senegal is taking the opportunity to attract more tourists,…

Reforms put Egyptian economy “on right track,” country’s president says

Abdel-Fattah al-Sisi, Egyptian President said Thursday that the ongoing economic reforms put the country’s economy on the right track and…

Tunisia eyes GDP growth, currency reform, to boost economy

Tunisia’s government is looking to double economic growth, slash its budget deficit and revise some currency restrictions in an effort…

Zambia’s economy to grow 4.3% this year, says central bank

Zambia’s economy will grow 4.3 percent this year and 5.1 percent in 2018, boosted by improved agriculture and mining output…