Rwanda’s Finance Minister, Yusuf Murangwa, has told the nation’s parliament that the country’s economy will grow at a slower pace in 2025 compared to last year. Presenting a draft budget …
ECONOMIC GROWTH
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessBusiness InsightsCentral AfricaEconomyFinance & ServicesGhanaNigeriaUGANDAWestern AfricaZAMBIA
Ghana’s Cedi Strengthens as Nigeria’s Naira Holds Steady; Uganda and Zambia Currencies Show Mixed Trends
The Ghanaian cedi is expected to continue its upward trend in the coming week, buoyed by sustained support from the Bank of Ghana and increased foreign currency inflows. As of …
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EconomyFinance & ServicesGOVERNMENTINVESTMENTPoliciesPoliticsSouth Africa
Lesetja Kganyago Warns Against Populist Economic Promises in South Africa
The Governor of the South African Reserve Bank, Mr. Lesetja Kganyago, has spoken out against what he described as the rising influence of populist politicians in South Africa, warning that …
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AgricultureEconomyPoliciesTravel & TourismUGANDA
Uganda Plans Bigger Budget for 2025/2026, Focuses on Farming, Tourism and Oil
Uganda’s government has announced a major increase in its proposed national budget for the 2025/2026 financial year. According to the Ministry of Finance, Planning and Economic Development, the new budget …
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United Bank for Africa (UBA) Plc has announced plans to expand its operations to over 100 countries and grow its customer base to over one billion within the next 75 …
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DevelopmentGOVERNMENTInfrastructurePoliciesTransportation & Logisitics
Plateau, NRC partner to revive rail services
Plateau State Government has taken a major step towards reviving rail transport in the state. This comes after the state signed a fresh agreement with the Nigerian Railway Corporation (NRC) …
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DevelopmentEconomyEgyptFinance & ServicesGOVERNMENTNorth Africa
Egypt’s Finance Ministry Rolls Out Measures to Boost Economy and Support Citizens
The Egyptian Ministry of Finance has announced new steps to boost economic activity and encourage private sector growth. The move also targets support for key industries in the country. These …
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In a move to ensure stable electricity in Ondo State, Lincs Power Energy Solutions has joined hands with the state government to build a 5-megawatt power project. The project aims …
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BusinessEconomyINVESTMENTTechnology
World Bank backs Africa digital data push with $100 million Raxio deal
The World Bank’s private investment arm is making a major push into Africa’s digital economy with a $100 million investment in regional data centre developer and operator Raxio Group. This …
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BusinessDevelopmentEnergyINVESTMENT
African energy: Opportunities and challenges presented by Russia’s investments
Africa’s energy sector is drawing attention from powerful global players, with Russia positioning itself as a key partner. The continent, rich in oil, gas, and other natural resources, stands at …