Posted 12/31/2023, 4:00:00 AM
Major Economic Developments Unfold Across Africa in 2023
- Nigeria removes long-standing fuel subsidy, leading to increased fuel prices
- Rwanda and Kenya announce visa-free travel for all Africans to boost tourism and trade
- Africa's largest oil refinery, the $20 billion Dangote refinery in Nigeria, opens after years of anticipation
- Inaugural Africa Climate Summit held in Kenya results in $23 billion in climate financing deals
- Ethiopia defaults on debt repayments, becoming 3rd African nation to default on debt since 2020