The Fourth AfriCaribbean Trade and Investment Forum (ACTIF2025) ended in Grenada with over US $300 million in deals signed and a strong commitment to deepen Africa–Caribbean collaboration. Co-hosted by Afreximbank …
Economy
- AfricaEconomyInternational RelationsINVESTMENTTrade
- CurrencyDigital EconomyEconomyMarketsMiningSouth Africa
South African Rand Holds Steady Ahead of Mining and Unemployment Data Release
The South African rand remained stable in early trading on Tuesday as investors awaited key domestic economic data. At 6:18 a.m. GMT, the rand was trading at 17.74 to the …
- BusinessEconomyEnergyInternationalLegal AffairsMining
Peabody Faces August 19 Deadline to Decide on $3.78bn Bid for Anglo American’s Australian Coal Mines
Peabody Energy, a mining company based in the United States, is expected to announce on August 19 whether it will continue with its $3.78 billion bid to buy Anglo American’s …
- AfricaCentral BankingDigital EconomyEconomyFinanceGlobal NewsInflationUGANDA
Bank of Uganda Maintains Key Lending Rate at 9.75% Over Inflation and Global Economic Concerns
Uganda’s central bank has decided to keep its main lending rate unchanged at 9.75 per cent for the fourth time in a row, as the country continues to monitor global …
- AgricultureBusinessEconomyInternational MarketsManufacturingTrade
Nigeria’s Non-Oil Exports Hit $3.23bn in H1 2025, Up 19.6% from Last Year
Nigeria’s non-oil exports rose to $3.225bn in the first half of 2025, showing a strong performance in the country’s drive to diversify its economy. This figure is a 19.59 per …
- BankingBusiness InsightsCurrencyEconomyMarketsPolicies
Naira Ends Week Mixed Across Official and Parallel Markets Amid Forex Demand Surge
The Nigerian naira ended last week with a mixed performance in the foreign exchange market, as it recorded marginal gains at the official window but slipped in the parallel market. …
- China-Africa RelationsCurrencyEconomyFinanceFinancial InclusionMarkets
Chinese Yuan Weakens to 7.1405 Against US Dollar
The central parity rate of the Chinese currency, the renminbi (yuan), fell slightly on Monday, weakening by 23 pips to 7.1405 against the United States dollar. The China Foreign Exchange …
- BusinessDevelopmentEconomyFinanceInfrastructurePolitics
World Bank approves N12.88tn loans to Nigeria in two years
The World Bank has approved a total of $8.40bn (about N12.89tn) in fresh loans to Nigeria within the last two years. The new approvals, which span from June 2023 to …
Filling stations across Lagos, Ogun and other parts of Nigeria have increased the pump price of Premium Motor Spirit (PMS), popularly called petrol, to ₦900 per litre and above, despite …
- BusinessEconomyEnergyManufacturingNigeriaOil & Gas
Oilden Energies to Launch Brand, Unveil Subsidiary as It Targets Top 30 Global Lubricants Ranking by 2030
Oilden Energies Limited, one of Nigeria’s rising lubricant manufacturers, has announced that it will officially launch its brand and unveil a new subsidiary on Friday, August 15, 2025, in Lagos. …