African economy news and analysis: GDP, inflation, interest rates, currencies, trade and the policies driving growth across the continent.
The Central Bank of Nigeria (CBN) is preparing to implement additional strategies to combat foreign exchange (forex) speculators, aiming to stabilize the naira, which has been experiencing a decline in …
Cassava Technologies has partnered with Nvidia to launch Africa’s first artificial intelligence (AI) factory, a move set to transform digital infrastructure on the continent. The company, founded by Zimbabwean entrepreneur …
The Centre for Energy Development and Economic Sustainability (CEDES) has expressed concerns over the Nigerian National Petroleum Company Limited’s (NNPCL) recent shift to a Dollars-for-Crude policy, describing it as a …
Nigeria’s once-booming textile industry is now a shadow of its former self, as cheap imports from China, high production costs, and weak government policies have crippled local manufacturing. In the …
Nigeria is set to strengthen its economic partnerships with the Organisation for Economic Co-operation and Development (OECD) as part of a broader strategy to drive essential economic reforms and attract …
Ghana and Morocco are set to remove visa requirements for travelers between both countries as part of efforts to strengthen diplomatic and economic relations. This was disclosed by Ghana’s Minister …
For too long, many Nigerians have underestimated the power of politics. There is a common belief that as long as the economy is thriving, political issues can be overlooked. However, …
The yields on Nigerian Eurobonds experienced an uptick last week as foreign investors adjusted their portfolios in response to the U.S. Federal Reserve’s decision to maintain its current interest rates. …
Nigerian Deposit Money Banks (DMBs) have borrowed over N9 trillion from the Central Bank of Nigeria (CBN) to maintain their operations amid a significant liquidity crunch in the financial system. …
Depot owners in Nigeria have expressed dissatisfaction with the Federal Government’s Naira-for-Crude oil arrangement, highlighting challenges in the current policy. The initiative, which began in October 2024, allows local refineries, …
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