Motoni Olodun

Egypt has announced a massive social protection package worth over $26 billion to help its citizens cope with the soaring cost of living amid a looming currency devaluation. The package, …

A former chief of staff to Madagascar’s president allegedly demanded bribes from a British gemstone company in exchange for mining rights, a London jury heard on Tuesday. Romy Andrianarisoa, 47, …

The political turmoil in Zimbabwe has taken a toll on the salaries of local government officials, especially those from the opposition. The mayor of Bulawayo, the country’s second-largest city, revealed …

Botswana, one of Africa’s most stable and prosperous nations, has unveiled an ambitious budget for the 2024/25 fiscal year, aiming to boost economic growth, create jobs and diversify its diamond-dependent …

South Africa’s retail sector, which has been struggling with low consumer spending and high inflation, could see some relief in the second half of 2024 as interest rates are expected …

Kenya is determined to deploy its forces to Haiti as part of a multinational mission to restore stability in the Caribbean nation, despite a legal challenge and widespread criticism. The …

Morocco has achieved a remarkable economic recovery in 2023, thanks to a surge in tourism and a decline in energy imports, according to the latest report from the foreign exchange …

Benin, a small West African nation, has made history by issuing its first-ever dollar-denominated bond, raising $750 million from international investors. The bond, which has a 14-year final maturity and …

Egypt’s central bank unexpectedly raised its key interest rate by 200 basis points on Thursday, signaling that a long-awaited currency devaluation and a new deal with the International Monetary Fund …

China and Africa have maintained their strong economic ties in 2023, with bilateral trade reaching a record high of US$282.1 billion, according to the latest Chinese customs data. However, Africa’s …