African economy news and analysis: GDP, inflation, interest rates, currencies, trade and the policies driving growth across the continent.
New vehicle dealers recorded a marginal sales growth of 3.9 percent in the half year ended June, a performance they attributed to a wait-and-see posture by customers ahead of the …
Centum Investment Company shareholders are set to receive a Sh391 million dividend payout after the firm narrowed its losses by 2 per cent in the year ended March 2022. The …
Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in U.S. interest rates would weaken fuel demand. Brent crude futures for September settlement …
Oman has flagged the source of liquefied petroleum gas (LPG) shipped into Tanzania, raising fears that some of the cooking gas used in Kenya could be from sanctioned countries, including …
Airtel Kenya has spent Sh4.7 billion to acquire an additional 60 MHz spectrum in the 2600 MHz band as it seeks to expand its mobile network coverage in the country. …
Tanzanian authorities on Sunday launched the cultivation of 11,453 hectares of block farms for the youth in the country’s central region of Dodoma. Hussein Bashe, the Minister for Agriculture, the …
The International Monetary Fund (IMF) wants tighter checks on bank transactions in Kenya amid growing concerns about money laundering by corruption networks. An appraisal report by an IMF team said Kenya should …
The National Treasury will introduce new tax measures to replace the Sh21 billion it earns in annual minimum taxes if the government loses an appeal against a court ruling that …
The Kenya Tea Development Agency(KTDA) has continued to invest in green energy as it moves to assist farmers to access renewable forms of energy while cutting electricity costs. The Agency …
South Africa’s central bank has unveiled the biggest increase in interest rates for nearly 20 years in the continent’s most industrial economy, joining the wave of policymakers trying to tackle surging …
Chat us up