African economy news and analysis: GDP, inflation, interest rates, currencies, trade and the policies driving growth across the continent.
The United Kingdom has announced a major cut to its foreign aid budget, reducing it by 40% — from 0.5% of Gross National Income (GNI) to 0.3%. The move, which …
Diamond Trust Bank (DTB) Kenya has reduced its base lending rate for all Kenya shilling-denominated credit facilities, cutting it by 20 basis points from 14.41% to 14.21%, effective July 1, …
Kenya has emerged as the clear leader in Africa for digital agricultural payments, outpacing regional and global averages by a wide margin. According to fresh figures from the World Bank’s …
Electricity users in Kenya are facing the burden of inflated power prices due to expensive contracts signed between Kenya Power and Independent Power Producers (IPPs), even though the private producers …
President William Ruto of Kenya has announced that the Kenya Pipeline Company (KPC) will be listed on the Nairobi Securities Exchange (NSE) in September 2025, marking the first step in …
Nigeria and several other countries in West and North Africa lost about $407 billion between 2001 and 2010 due to trade mispricing, mostly caused by commercial tax avoidance by multinational …
Lafarge Africa Plc, a top cement and building solutions provider in Nigeria, has reported a substantial increase in revenue for the second quarter of 2025, with sales hitting N268.63 billion. …
President Bola Ahmed Tinubu on Tuesday evening received billionaire industrialist and Chairman of Dangote Group, Alhaji Aliko Dangote, at the Presidential Villa in Abuja for a private meeting, underscoring the …
The House of Representatives has accused the National Insurance Commission (NAICOM) of failing in its regulatory role, saying the lapse allowed widespread financial infractions by 25 insurance firms operating in …
The Securities and Exchange Commission (SEC) says that Nigeria can unlock up to $500 billion in dormant agricultural and mineral assets if the country formalises the trading of commodities and …
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