Nigerian banks have resumed the use of naira debit cards for international transactions and online payments, more than three years after suspending the service due to acute dollar scarcity. The …
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Ethiopia Secures $1 Billion World Bank Support for Economic Reform and Growth
Ethiopia has secured a $1 billion funding package from the World Bank to support its ongoing economic reform programme and boost economic growth, the country’s Ministry of Finance announced on …
- AfricaEconomyInternational RelationsMarketsPoliticsSouth Africa
South African Rand Gains as Trump Extends Tariff Deadline on U.S. Trade
South Africa’s currency, the rand, made a slight recovery in early trading on Tuesday after hopes emerged that the country could still negotiate a less severe trade agreement with the …
The International Monetary Fund (IMF) says Nigeria can make real progress if it increases its revenue, builds a better national budget system, and expands its cash transfer programme to help …
- AfricaDevelopmentEconomyEgyptInfrastructureInternational RelationsINVESTMENT
Can Egypt’s New Capital Project Prove Critics Wrong?
Egypt is moving forward with its New Administrative Capital (NAC), a multi-billion-dollar mega city project meant to reduce pressure on Cairo and become the country’s new political and economic centre. …
- EconomyInfrastructurePoliciesTransportation & LogisiticsWestern Africa
Kenya SGR Passenger Numbers Keep Falling, but Cargo Transport Hits New High in 2025
Kenya’s Standard Gauge Railway (SGR), one of East Africa’s major transport investments, is seeing a major shift in usage. While passenger numbers have continued to fall for the third year …
Togo has emerged as the top performer in public debt management within the West African Economic and Monetary Union (WAEMU) in the first half of 2025, recording the sharpest decline …
The Sustainability Professionals Institute of Nigeria (SPIN) has inducted 96 new members at its 2025 cohort induction ceremony, marking a significant growth milestone for the professional body as it positions …
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Lasaco Assurance Unveils New Insurance Scheme for Farmers
Lasaco Assurance Plc has introduced a new insurance product designed to protect Nigerian farmers and agricultural cooperatives against risks in the agriculture sector. The company presented its Cooperative Insurance Scheme …
- AfricaEconomyInternational RelationsINVESTMENTPoliticsTrade and Commerce
China Defends BRICS as AU Rallies Behind AfCFTA in Response to Trump’s Tariff Threat
Tensions are rising on the global economic stage as China has come out in defence of the BRICS alliance, saying the group is not seeking confrontation, following threats by former …