African economy news and analysis: GDP, inflation, interest rates, currencies, trade and the policies driving growth across the continent.
GABORONE, Botswana – The Debswana Diamond Company, a joint venture between the Government of Botswana and global diamond giant De Beers, has announced a temporary suspension of production at some …
LAGOS, Nigeria – Stakeholders have stressed the urgent need for massive infrastructure development across Africa to drive sustainable economic growth, job creation, and industrial competitiveness. This position was made known …
Plastic pollution is increasingly jeopardizing Nigeria’s tourism industry, public health, and marine ecosystems, according to experts from the Association of Professional Women Engineers of Nigeria (APWEN). Speaking at a public …
ABUJA, Nigeria — The Federal Government has said the removal of petrol subsidy by President Bola Ahmed Tinubu has ended a longstanding economic drain, saving Nigeria over $84 billion and …
Cornerstone Insurance Plc has posted a strong performance for the 2024 financial year, recording a profit after tax (PAT) of N25.89 billion, a massive jump of 87.11 per cent compared …
Nigeria’s electricity distribution companies, popularly known as DisCos, are once again in the spotlight as revenue shortfalls continue to haunt the sector. In the first quarter of 2025 alone, the …
Chief Executive Officer of Business Leadership South Africa (BLSA), Busisiwe Mavuso, has said that South Africa’s economic future depends heavily on transformation and continuous reforms. She made this known in …
South Africa’s biggest bulk export port, Richards Bay, is now struggling to cope with heavy truck traffic due to the ongoing collapse of the country’s rail system. According to reports, …
The U.S. dollar fell against all major global currencies on Monday as market optimism sparked by a strong American jobs report was quickly overtaken by investor caution ahead of high-stakes …
Rwanda has announced plans to withdraw from the Economic Community of Central African States (ECCAS), deepening diplomatic tensions in the region over renewed violence involving M23 rebels in eastern Democratic …
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