Economy

Inflation in South Africa rose slightly in April 2025 due to higher food prices, although it remained below the central bank’s official target range. This is according to new data …

The Central Bank of Nigeria (CBN) has decided to maintain the Monetary Policy Rate (MPR), also known as the interest rate, at 27.50 per cent. This announcement was made by …

Odu’a Investment Company Limited has declared a dividend of N518 million for the 2024 financial year, marking a 21 per cent increase from the N428 million disbursed to shareholders in …

The Nigerian Senate Committee on Power has cried out over the growing financial crisis facing the country’s power sector, revealing that the Federal Government currently owes electricity generating companies (GenCos) …

Nigeria’s telecommunications industry is preparing for a major summit as Africa Hyperscalers hosts the MVNO Nigeria 2025: Unlocking Growth, Competition & Connectivity forum on May 21 in Lagos. The event …

Energy leaders and policymakers at a recent high-level forum have called on African governments to make urgent and strategic decisions that can unlock the continent’s huge natural gas and renewable …

Rwanda showed strong investment opportunities during the Africa CEO Forum 2025 held in Abidjan, Côte d’Ivoire. The country is pushing hard to become a high-income nation by 2050, and it …

South Africa’s rand held steady on Tuesday as investors waited for key events later in the week, including the national budget speech and a meeting between President Cyril Ramaphosa and …

Efforts to resolve the conflict between the Democratic Republic of Congo (DRC) and Rwanda may soon see Congolese minerals such as tungsten, tantalum, and tin legally exported to Rwanda for …

The Central Bank of Nigeria (CBN) has denied social media and online reports suggesting that one of the banks under its regulation is facing distress. In a statement released on …