South Africa must grow its economy faster and manage its public finances better if it hopes to receive its first credit rating upgrade in over 20 years, according to S&P …
June 5, 2025
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EconomyFinance & ServicesINVESTMENTPoliciesSouth Africa
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Banking, Finance & InvestmentDevelopmentEconomyFinance & ServicesGhanaMALAWIZAMBIA
Fitch Downgrades Afreximbank Credit Rating to BBB-, Flags High Risks and Weak Transparency
Fitch Ratings has downgraded the credit rating of the African Export-Import Bank (Afreximbank) by one notch to BBB-, just above junk status, citing growing credit risks and weak risk management …
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BusinessEconomyEntertainmentTechnology
Netflix Hikes Subscription Prices Again in Nigeria, Premium Plan Now ₦8,500
Netflix has once again raised its subscription fees in Nigeria, marking the third increase since 2024. This adjustment, which took effect in May 2025, has affected all subscription tiers, with …
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EconomyGhanaPoliciesWestern Africa
Ghana Inflation Drops to 18.4% in May 2025, Lowest in Over Three Years
Ghana’s inflation rate has continued to fall for the fifth month in a row, with the latest figure standing at 18.4 percent in May 2025. This is the lowest level …
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AfricaAgricultureDevelopmentEconomyEnvironmentInnovationTrade and CommerceUGANDA
Uganda Launches Africa Coffee Park to Boost Value-Added Coffee Exports under AfCFTA
Uganda has started a major project to improve its coffee industry and increase earnings from processed coffee products. The project, called the Africa Coffee Park, is being developed in Ntungamo …
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Arts & CultureBusinessDevelopmentEconomyInnovationInternational RelationsTravel & Tourism
Nigeria to Showcase Heritage and Innovation at 2025 London Design Biennale with Moniepoint Sponsorship
Nigeria is set to make history on the global stage with the unveiling of its first-ever federally supported pavilion at the 2025 London Design Biennale, themed Hopes and Impediments. The …
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EconomyEnvironmentInfrastructureNigeriaTrade and Commerce
UNCTAD Raises Alarm Over Threats to $2.2 Trillion Global Ocean Economy
The United Nations Conference on Trade and Development (UNCTAD) has raised concerns over the growing threats facing the global ocean economy, warning that rising climate impacts, unstable trade policies, and …
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EconomyEnvironmentNigeria
APM Terminals, GIVO Launch Zero-Carbon Recycling Hub in Apapa to Tackle Plastic Waste
APM Terminals Apapa has joined hands with a Nigerian waste management startup, Garbage In Value Out (GIVO), to launch a zero-carbon recycling hub in Apapa, Lagos, as part of efforts …
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AgricultureDevelopmentEnergyEnvironmentHealthcareInnovation
KoolBox Launches KoolBuy to Expand Solar Refrigeration Access in Nigeria
As part of efforts to tackle Nigeria’s energy poverty and climate crisis, energy technology company KoolBox has unveiled KoolBuy, a new platform aimed at expanding access to solar-powered refrigeration for …
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BusinessCorruptionEastern AfricaEconomyFinance & ServicesKenya
Kenya Records Highest-Ever VAT Collection in May After KRA’s Anti-Fraud Clampdown
Kenya Revenue Authority (KRA) has announced that it collected a record KSh32.1 billion in Value Added Tax (VAT) for the month of May 2025, the highest ever in the country’s …