South Africa has secured a fresh $474.6 million loan from the African Development Bank (AfDB) to support the country’s ongoing efforts to improve its struggling transport and energy infrastructure. The …
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National Assembly Extends 2024 Capital Budget to December 2025 Amid Growing Fiscal Concerns
In June 2025, Nigeria’s National Assembly approved another extension of the capital portion of the 2024 national budget, moving its implementation deadline to December 31, 2025. This marks the second …
- AfricaAFRICA NEWSEconomyEnergyInfrastructureSouth Africa
Eskom Warns of 21 Days Black-Out In South Africa
South Africa could be heading into a tough winter as Eskom warns that the country may face up to 21 days of Stage 2 load shedding if the current rate …
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BetaGlass, Honeywell, Vitafoam Lead H1 2025 Stock Market
Many investors across Nigeria are smiling this July as the Nigerian Exchange (NGX) recorded a major rally in the first half of 2025, led by strong performance from top consumer …
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South Africa Seeks More Time to Finalize Trade Deal With U.S.
South Africa is requesting an extension from the United States government to allow more time for ongoing negotiations on a trade deal before a new U.S. tariff regime is set …
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Signs of Recovery in South Africa’s Manufacturing Sector
There are early signs that South Africa’s struggling manufacturing industry may be beginning to improve, following months of weak performance. According to a new report released on Tuesday, a key …
- AfricaAFRICA NEWSBusiness and EconomyEconomyEnvironmentTrade and CommerceWestern Africa
Gambia’s Fishing Communities Cry Out as Foreign Trawlers and Factories Deplete Waters
Along the beautiful coastline of Gambia, a country known for its rich marine life and fishing tradition, local fishermen are now crying out for help. The sea, which has fed …
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AID UNCERTAINTY MAY SLOW SOMALIA’S ECONOMY IN 2025 – WORLD BANK
Somalia’s economy maintained strong performance in 2024, with a solid growth rate of 4.0 percent, according to the 10th Edition of the Somalia Economic Update released by the World Bank. …
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Nigeria’s Money Supply Falls Again in May as CBN Tightens Liquidity to Tame Inflation
Nigeria’s total money supply dropped again in May 2025, marking the second decline this year, according to new data released by the Central Bank of Nigeria (CBN). The figure for …
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FG Spends ₦611.71bn in One Month Servicing Domestic Dollar Bond
The Federal Government of Nigeria spent a staggering ₦611.71 billion in March 2025 to service its first-ever dollar-denominated bond issued within the domestic market, making it the single largest item …