Economy
Egypt’s Economy Projected to Expand 4.6% in 2025/26 as Inflation and Interest Rates Decline
Egypt’s economy is expected to grow by 4.6% in the fiscal year ending June 2026, supported by easing inflation, lower interest rates, and a...
Morocco Unveils $83 Billion Budget for 2026, Projects Slight Economic Slowdown
Morocco’s finance ministry on Monday presented a draft 2026 budget worth 761.3 billion dirhams ($83 billion) to parliament, representing a 5.5% increase from the...
Guinea’s Bauxite Exports Surge 23% in Q3 Despite Rains and Regulatory Crackdown
Guinea’s bauxite exports jumped 23% year-on-year in the third quarter of 2025, defying heavy seasonal rains and growing regulatory pressure from the country’s military-led...
Nigeria’s Trade Surplus Rises to 6% of GDP — CBN Governor Cardoso
Nigeria’s trade surplus has grown to 6 per cent of the nation’s Gross Domestic Product (GDP), according to the Governor of the Central Bank...
Bank of Namibia Lowers Key Interest Rate to 6.50% Amid Rising Inflation
The Bank of Namibia has reduced its main interest rate by 25 basis points to 6.50%, according to a statement released on Wednesday.This marks...
NDPC Report: Ghana Loses Value for Money as Development Project Costs Rise by GH¢70 Billion
A new report by the National Development Planning Commission (NDPC) has revealed that Ghana continues to lose value for money in public infrastructure spending...
Moody’s Upgrades Ghana’s Credit Rating Following Significant Debt Reduction
Moody’s Ratings has upgraded Ghana’s sovereign credit rating, reflecting stronger fiscal performance and improved debt management.The agency raised the nation’s long-term foreign currency debt...
EU Pledges €11.5 Billion to Boost South Africa’s Green Transition and Economic Growth
President Cyril Ramaphosa on Thursday announced that the European Union (EU) will invest an additional €11.5 billion to support South Africa’s transition to a...
DR Congo to Build Gold Reserves to Strengthen Franc and Economy as Global Prices Hit Record Highs
The Democratic Republic of the Congo plans to begin accumulating gold reserves to reinforce its national currency and boost economic stability, Central Bank Governor...
Uganda’s $4 Billion Oil Refinery to Begin Operations by Late 2029 or Early 2030
Uganda’s long-anticipated oil refinery is set to commence operations between late 2029 and early 2030, according to Michael Nkambo Mugerwa, General Manager of the...
Nigeria’s Inflation Falls To 20.12% In August
Nigeria recorded a 20.12 percent drop in inflation for the month of August 2025.The 20.12 percent is relative to the 20.88 percent recorded in...
Nigeria’s economy not growing, stakeholders debunk FG’s claim
Say Nigerians have nothing to celebrate yet • Urge govt to slow down on debt.‘Statistics out there still shows that urban poor is 75%’The...
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