The National Bank of Rwanda has raised its key repo rate by 25 basis points to 6.75 percent as the country battles rising inflation that is putting pressure on the …
monetary policy
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AgricultureEastern AfricaEconomyFinanceInflationMonetary Policy
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BusinessEconomyFinanceGOVERNMENTMonetary PolicyNigeria
Finance Minister Wale Edun, CBN Governor Cardoso Pledge Stronger Policy Coordination to Boost Economy
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and the Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, have pledged closer coordination …
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EconomyFinanceInflationMonetary PolicyTrade
Lesotho Faces Threat from Global and Regional Economic Risks
Lesotho’s economy is trying to recover after years of challenges, but the progress made this year could be at risk if global and regional economic conditions worsen. This was the …
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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 …
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BusinessDevelopmentEconomyFinance & ServicesPolicies
High Interest Rate Now Top Challenge for Nigerian Businesses – CBN Survey
Businesses across Nigeria say high interest rates have become the most severe challenge affecting their operations, surpassing long-standing problems like insecurity and poor electricity supply. This was revealed in the …
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EconomyGhanaPoliciesWestern Africa
Ghana Inflation Drops to 18.4% in May 2025, Lowest in Over Three Years
Ghana’s inflation rate has continued to fall for the fifth month in a row, with the latest figure standing at 18.4 percent in May 2025. This is the lowest level …
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EconomyMarketsPoliciesWestern Africa
Ghana’s Inflation Drops to 18.4% in May, Hits Lowest Level Since 2022 Amid Economic Recovery
Ghana’s consumer inflation dropped for the fifth consecutive month in May, falling to its lowest level in over two years as economic pressures ease across the country. The Ghana Statistical …
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Banking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTMarketsPoliciesSouth Africa
South African Rand Holds Ground as Central Bank Pushes for Lower Inflation Target
The South African rand managed to hold on to most of its gains from the previous day during early trading on Friday, May 30, 2025, following fresh comments from the …
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Banking, Finance & InvestmentEconomyINVESTMENTMarketsNigeriaOil & Gas
Nigerian Stock Market Gains 64% in One Year Amid Investor Confidence and Strong Corporate Results
The Nigerian stock market has recorded a major gain of 64.11 per cent from July 2023 to June 2024, as the All-Share Index of the Nigerian Exchange Limited (NGX) rose …
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Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyFinance & ServicesGOVERNMENTMarketsOil & GasPolicies
CBN Holds Interest Rate Steady Amid Stronger FX Stability and Rising Reserves
The Central Bank of Nigeria (CBN) has decided to keep its interest rate steady at 27.5 per cent. This decision was announced after the bank’s 300th Monetary Policy Committee (MPC) …