Business
– Morocco and the African Development Bank Group have signed a €434.4 million financing agreement to speed up the structural transformation of the Moroccan economy. The funding, worth nearly 4.8 billion dirhams, aims to foster stronger and more inclusive growth
– Asian Terminals, Inc. (ATI), the Philippine port operator partnered with DP World, has secured a 25-year renewal of its concession to operate and develop Manila South Harbour. The renewed agreement with the Philippine Ports Authority (PPA) will run from
– Southeast Asia needs $7.1 trillion in infrastructure investment through 2040 to support growth, strengthen energy security and build connected, resilient economies, the Asian Development Bank said. The estimate comes from a new report, The $7 Trillion Challenge: Building Tomorrow’s
– Ghana’s parliamentary Minority has challenged the government to show how it will raise the US$10 billion needed for its New Economy programme. The caucus wants a full financing plan published before the 2027 Budget is presented. Dr Mohammed Amin
– Samsung Electronics is set to become the first South Korean company to hold more than 200 trillion won ($146.6 billion) in cash assets, lifted by an AI-driven chip supercycle. Its cash and short-term financial assets are estimated at 214.8
– Global food prices declined in October, though they remained 5.9% higher than a year earlier, the Food and Agriculture Organization of the United Nations (FAO) said on Friday. The FAO Food Price Index, which tracks monthly changes in the
– Egypt’s net international reserves rose to a record $57.5 billion at the end of October 2026, up $151.6 million from September, according to data released by the Central Bank of Egypt (CBE). Reserves stood at $57.4998 billion at the
– Botswana’s diamond-dependent economy is showing signs of recovery after a two-year slump, with fiscal authorities raising this year’s growth forecast to 3.8% from an initial 3.1%. The upgrade reflects stronger diamond production in the first half of the year.
Health
– Yellow fever has killed 18 people across nine African countries this year, the World Health Organization said, warning that outbreaks are continuing. A total of 67 confirmed cases were recorded between January 1 and October 12, 2026. The cases
