March 9, 2023/Mastercard According to Mastercard SpendingPulse™, which measures in-store and online retail sales across all forms of payment, U.S. retail sales excluding automotive were up +6.9% year-over-year (YOY) in February. Mastercard SpendingPulse reflects nominal spending and is not adjusted for inflation. “Following a dynamic holiday season, consumer spending returned to a […]

Egypt’s investment leads the way for other countries and investors from the region to join AFC’s shareholders and use its platform March 7, 2023/AFC Egypt has joined Africa Finance Corporation, the continent’s leading infrastructure solutions provider, as the first North African sovereign shareholder, further diversifying AFC’s expanding equity investor base. […]

The unfavorable global conditions have led to rising inflation, higher debt servicing costs and increased risk of debt distress in developing countries March 1, 2023/AfDB African economies remain resilient with a stable outlook in 2023-2024, despite the tightening global financial conditions, the African Development Bank (http://www.AfDB.org) has projected in a […]