Africa’s credit outlook is improving as economic reforms, stronger commodity prices and better access to financing support government finances, while the launch of the Africa Credit Rating Agency (AfCRA) has …
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Africa Economy
Central banks in East Africa are maintaining cautious monetary policies as inflationary pressures and global economic uncertainties continue to shape the region’s outlook. Kenya’s central bank kept its benchmark Central …
The African Union has officially launched the Africa Credit Rating Agency (AfCRA) in Mauritius, creating a new Africa-focused institution aimed at improving how the continent’s economies and businesses are assessed …
African central banks delivered nearly 1,000 basis points in interest-rate cuts in September, with Nigeria leading the easing cycle with a 350-basis-point reduction. Nigeria, Zambia, Zimbabwe and Angola collectively reduced …
- Africa EconomyBusiness and EconomyEconomyOil & GasUncategorized
Rising Oil Prices Put Africa’s Inflation Gains at Risk
Africa’s recent progress in bringing down inflation is facing renewed pressure as global oil prices climb, raising concerns that higher energy and transport costs could reverse some of the gains …
The European Bank for Reconstruction and Development (EBRD) has lowered its economic growth forecast for sub-Saharan Africa, but maintained its projection for Nigeria at 4.2 percent in 2026. The bank …
Africa’s efforts to close its infrastructure deficit are being affected not only by limited access to funding but also by the high cost of raising capital for major projects. Nigeria’s …
- Africa EconomyAFRICA NEWSInternational
US Raises Interest Rate as Nigeria, Ghana and South Africa Prepare for Key MPR Decisions
The United States has raised its benchmark interest rate for the first time since July 2023, adding fresh pressure to monetary policy decisions expected this week in Nigeria, Ghana and …
Nigeria’s three-year economic reform programme is entering a crucial stage as the government focuses on ensuring that the gains achieved through major policy changes can be sustained and used to …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has clarified that the $300 helicopter levy for air navigational services remains payable, while the Terminal Navigational Charge (TNC) does not apply to …
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