Economy

Rating agency, Moody’s has downgraded Ghana’s long-term issuer and senior unsecured debt ratings to Caa2 from Caa1 and placed the ratings on review for downgrade. The rating downgrade to Caa2, …

Egypt’s exports of natural and liquefied gas amounted to about $8 billion in the fiscal year 2021/2022, according to a cabinet statement on Sunday. Previously, Finance Minister Mohamed Maait said …

In late June, the coldest part of the Southern Hemisphere winter, the power went out in South Africa. For as many as eight hours a day, right into early July, traffic …

Egypt aims to raise  its digital exports during the current fiscal year 2022/2023 to $5.5 billion, with an annual increase of 13 percent, according to Reuters. The Assistant Minister of …

Ghana’s economy grew by 4.8 percent, year-on-year, in the second quarter of this year largely due to the manufacturing and crop and cocoa sectors, the Ghana Statistical Service (GSS) has …

Kenyans head to elections on Tuesday with business leaders upbeat about a peaceful political transition and no major disruptions to the economy, a departure from the fear of downturns associated …

President Muhammadu Buhari has risen to the defense of the Central Bank of Nigeria’s monetary policy actions despite the inflation rate at 17.7% and the Naira continuing to plunge in …

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 …

Zimbabwe’s central bank has banned third country foreign payments, except for fuel, in measures to facilitate critical transactions to keep the economy going smoothly and encourage remittance of export proceeds back …

The NBS also says that Kaduna residents paid the highest price for petrol in April, compared to other states. The National Bureau Statistics (NBS) says the average retail price paid by …