Economy

US Secretary of State Antony Blinken will embark on a four-nation tour of Africa next week, aiming to strengthen the diplomatic relationship between the US and the continent. Blinken will …

Currency traders anticipate changes in African exchange rates, with Ghana’s cedi expected to strengthen, the Kenyan and Nigerian currencies to weaken, and Uganda’s shilling to remain stable in the coming …

In a historic move, the UNDP launches a $1 billion Timbuktoo Africa Innovation Fund, aiming to transform Africa’s startup landscape and unlock the potential of its young entrepreneurs.

Nigeria is in talks with the World Bank to secure up to $1.5 billion of budget support to help ease a severe dollar shortage that has contributed to the naira’s …

Facing economic headwinds, South Africa’s retail sector records a 0.9% year-on-year drop in November, challenging consumer market resilience.

Lesetja Kganyago, South Africa’s central bank governor, anticipates 5% inflation in 2024 amidst global and domestic economic uncertainties.

Optiva Capital launches DIDI, a pioneering product set to channel $5 billion of diaspora funds into Nigeria, revolutionizing investment opportunities for Nigerians overseas.

Tanzania has lifted the ban on Kenya Airways flights, allowing the airline to operate between Nairobi and Dar es Salaam.

Optimism in the air as Fitch predicts Ghana and Zambia to successfully navigate out of foreign-currency debt default in 2024, marking a significant economic turnaround.

Africa’s ambitious free trade project is set to expand its pilot payment system to 31 countries this year, as it seeks to boost intra-regional trade and economic integration. The African …