Nigeria spent 80% of last year's tax revenues on debt service, an example of the challenges several African countries face in improving their finances this year.

The Gross Domestic Product (GDP) of the African continent is expected to grow 4% this year and 3.8% in 2024, according to forecasts by the United Nations (UN).

The Senegalese Head of State and rotating president of the African Union (AU), Macky Sall, described the global food crisis that affects Africa as something “of the greatest urgency”, defending the end of the continent's food dependence.

Zimbabwe recorded the biggest wheat harvest in 2022, around 375 thousand tons, making the country the biggest agricultural power in Southern Africa.

Increasing investment and optimizing spending in the agricultural sector will help transform agriculture on the continent and achieve food self-sufficiency.

The Ministry of Foreign Affairs of South Africa recently declared that the bloc of emerging countries Brazil, Russia, India, China and South Africa (BRICS) is committed to adopting a more viable means of payment than the US dollar.