African economy news and analysis: GDP, inflation, interest rates, currencies, trade and the policies driving growth across the continent.
Nigeria imports about 2.4 million metric tonnes of frozen fish annually and this is taking a toll on the country’s foreign exchange reserves, the Federal Government of Nigeria lamented on …
SARS, South African Revenue Service has announced the start dates and details for the 2022 tax season, with the tax authority warning of penalties for South Africans who fail to …
Central Bank of Kenya(CBK) collected KSh 14billion at this week’s treasury bills auction and received bids worth KSh 14.7billion out of the KSh 24billion on offer, an under subscription rate of 61.26%. …
The gap between the savings and lending rates in banks widened by 25.33 per cent in March, according to figures obtained from the Central Bank of Nigeria. Latest figures obtained …
The Nigerian Exchange Ltd., (NGX) on Wednesday ended three consecutive sessions of gain with market capitalisation closing at N28.677 trillion from N28.719 trillion on Tuesday, representing a loss of N42 …
Ghana’s inflation rate jumped to the highest level in more than 18 years in May as food and transport costs surged. Annual inflation accelerated to 27.6%, the fastest pace since …
South Africa is banking on a tracking technology backed by the institute of Microsoft’s late co-founder, Paul Allen to tackle the infestation, bracing for a repeat of last season’s locust …
Nigeria has canceled plans to issue $950 million selling overseas bonds, owing to unfavorable market conditions during the time frame approved for the fundraising. Finance Minister Zainab Ahmed said in …
Nigeria’s foreign trade rose to N13 trillion in the first quarter of 2022, increasing by 11.1% from N11.7 trillion recorded in the previous quarter and 65.4% higher than the N7.86 …
Kenya’s inflation rose to a new two-year record of 7.1 per cent in May as the cost of food and beverages continues to rise sharply partly affected by the war …
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