Africa

Ethiopia’s central bank has joined the Pan-African Payment and Settlement System, allowing cross-border trade payments in local currencies without the dollar.

US inflation rose to 3.7% in September, lifting bets on another Federal Reserve rate hike and putting fresh pressure on African currencies such as the rand.

Commodity trader Mercuria has delivered 12,000 tonnes of Congolese copper to Project Vault, the US government’s critical minerals reserve.

A Kenyan High Court judge has lifted an order that restricted work on Dangote’s $16bn Lamu refinery site, though residents can still amend their challenge.

Nearly four-fifths of sub-Saharan African countries spend more on public debt interest than on healthcare or education, leaving governments with fewer resources for essential services and infrastructure, according to the …

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 …

Africa’s currency recovery lost momentum in September as several major currencies weakened against the US dollar, reversing some of the gains recorded earlier in the year. The renewed pressure came …

Africa’s long-awaited continental credit rating agency, the African Credit Rating Agency (AfCRA), has officially launched in Port Louis, Mauritius, marking a major step in the continent’s efforts to reshape how …

Vice President Kashim Shettima has called for reforms to the United Nations Security Council, arguing that Africa’s absence from permanent membership weakens the fairness and legitimacy of global decision-making. Shettima …

Africa’s 5G market remains relatively small in terms of subscribers, but the technology is already having a much larger impact on the continent’s data economy as 5G users consume significantly …