Economy

Kenyans are staring at more costly beer, juice, wine, water, and chocolates starting next month as the Kenya Revenue Authority (KRA) moves to implement the annual inflation adjustment of excise tax. The …

The Treasury has said Kenya will find it challenging to sustain reliance on multilateral lenders like World Bank Group for external funding, signaling a return of costly foreign loans in …

The global economy may face a recession next year caused by an aggressive wave of policy tightening that could yet prove inadequate to temper inflation, the World Bank said in …

Ghana’s consumer inflation reached nearly 34% in August, the highest since 2001, despite a historic rate increase by the central bank.Consumer inflation in the West African country climbed to 33.9% …

Nigeria’s inflation rate surged to 20.52% in August, according to the National Bureau of Statistics consumer price index (CPI) report for August 2022, released on Thursday. The consumer price index (CPI), …

About half of South Africa’s top earners and university graduates are considering emigration as citizens lose faith in the country’s future, the Social Research Foundation said, citing a survey it …

Morocco’s National Agency for Mines and Hydrocarbons (ONHYM), Nigeria’s National Petroleum Company Limited (NNPC), and the Economic Community of Western African States (ECOWAS) signed a Memorandum of Understanding (MoU) for …

 The threat of a global recession is growing as central banks focus on bringing down soaring inflation rates, the world bank warned Thursday, calling on governments to help boost supply …

Tea prices at the weekly Mombasa auction dipped slightly this week amid decreased demand for the commodity. At this week’s auction, a kilo averaged USD2.24(Sh269.92) down from USD2.28(Sh274.74) last week. …

FGN savings bonds worth N2.1 billion were allotted to retail investors in the Nigerian capital market by the Debt Management Office (DMO). This information was disclosed by the debt office …