African economy news and analysis: GDP, inflation, interest rates, currencies, trade and the policies driving growth across the continent.
Nigeria has firmly established itself as a leader in Africa’s burgeoning tech ecosystem, driven by a confluence of innovative startups, supportive government policies, substantial investments, and a digitally engaged youth …
Nigeria’s annual inflation rate experienced a notable decline in February 2025, easing to 23.18% from 24.48% in January, according to the National Bureau of Statistics (NBS). This marks the second …
Amidst rising living costs, Nigerians are increasingly turning to local markets as a practical solution to manage expenses without compromising quality. These markets offer fresh produce, essential goods, and services …
Abuja — The Federal Government’s investigative panel set up to unravel the controversial “naira-for-crude oil” swap deal is expected to reconvene on Monday, March 25, amid growing public concern over …
In a striking turn of events, gold prices have soared to an all-time high globally, as investors seek refuge amid rising economic uncertainties, inflation fears, and fluctuating interest rates. The …
Khartoum, Sudan – Just months after making headway into the Iranian market, Sudanese tea exporters are now grappling with fears of losing this promising trade route due to mounting regional …
Africa’s digital revolution is accelerating as cryptocurrency adoption surges across the continent, with a recent report revealing that over 100 million Africans are now using crypto assets—and Nigeria leads the …
In a bold move to curb import dependence and achieve food sovereignty, the Senegalese government has unveiled an ambitious plan to produce 1.4 million tonnes of rice locally by 2025, …
Tanzania’s payment landscape is rapidly evolving, with a significant surge in electronic transactions inspiring a national shift towards a cashless economy, according to recent reports from financial authorities and tech …
The Central Bank of Nigeria (CBN) has reported that Nigeria’s economic activities continued their upward trajectory for the second consecutive month, signalling gradual recovery and renewed optimism among businesses. In …
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