Economy

South Africa’s currency, the rand, started Thursday morning on the back foot, as global and local uncertainties kept investors cautious. By 6:35am GMT, the rand was trading at 18.8550 against …

The Central Bank of Botswana has again decided to maintain the country’s main interest rate at 1.90%, marking the fourth time in a row that the rate has stayed unchanged. …

President Donald Trump’s recent decision to impose fresh tariffs on several imports has sparked serious conversations about the health of the U.S. economy. Many business experts and top economists have …

The Federal Government says it has successfully reduced electricity subsidies by 35% following a new electricity tariff hike that was introduced last year for high-power consumers. Nigeria’s Minister of Power, …

Nigeria and South Africa have signed a new agreement to work together in the mining sector. Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, made this announcement on Thursday, …

South Africa’s Finance Minister, Enoch Godongwana, has warned that the country’s financial situation may get worse if plans to increase the value-added tax (VAT) rate from May are not allowed …

Former U.S. President Donald Trump has once again stirred global trade waters by introducing heavy new tariffs that affect countries across Africa, as part of what he calls his “Liberation …

Nigeria’s Minister of State for Finance, Doris Uzoka-Anite, has said that the country’s tough economic reforms are now beginning to show positive signs, and investors who were previously worried are …

DAR ES SALAAM — Tanzania’s current account deficit has dropped significantly to $2.16 billion in the year ending February 2025, down from $2.91 billion in the same period last year, …

Stakeholders in the fashion sector say Nigeria is on the verge of a major fashion industry boom, as global investors and designers begin to show serious interest in the country’s …