African economy news and analysis: GDP, inflation, interest rates, currencies, trade and the policies driving growth across the continent.
Many petrol marketers in Nigeria have refused to reduce their pump prices even after Dangote Petroleum Refinery cut its ex-depot price of petrol from N880 to N840 per litre. The …
The International Air Transport Association (IATA) has announced a 5.0 per cent increase in global air passenger traffic for May 2025, showing steady recovery and resilience in the aviation sector …
The Posta Corporation of Kenya (PCK), popularly known as Posta, is currently battling for survival as it continues to lose relevance in the modern communication and logistics industry. Once the …
South African analysts, business leaders, and trade unions have lowered their inflation expectations for the coming years, according to the latest survey released on Wednesday. This shift could encourage the …
East African countries are gradually shifting their foreign exchange (FX) reserve strategies by adding more gold, a move aimed at reducing dependence on the U.S. dollar and protecting their economies …
Zambia’s President, Hakainde Hichilema, on Monday officially opened the country’s largest grid-connected solar power plant, a major step towards strengthening the nation’s electricity supply. The 100-megawatt solar facility, located in …
South Africa’s financial markets showed signs of renewed strength on Tuesday, as the rand firmed and government bonds rallied, supported by growing investor optimism that the country could be moving …
Uganda’s Ministry of Energy has announced a new fuel policy that will require all petrol sold in the country to be blended with locally produced ethanol starting January 2025, a …
The Nigerian naira appreciated against the US dollar across both official and parallel foreign exchange (FX) markets on Tuesday, July 2, 2025—the first trading day of the new month. This …
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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