Economy

KEY POINTS GTCO profit slumps 50 percent to N449 billion H1 2025. Drop in GTBank dividends drives earnings decline. Group assets rise to $11.2 billion despite profit slide. Guaranty Trust …

HRW condemns Egypt’s arrests of online content creators, warning the crackdown threatens free expression and silences young digital voices.

Nigeria suffers another power grid collapse, sparking nationwide blackout as restoration efforts begin and frustrations grow over repeated failures.

Dangote refinery’s petrol unit may stay offline for months, extending Nigeria’s reliance on costly imports and delaying subsidy reforms.

South Africa business activity shows modest improvement in August as easing cost pressures offer relief despite U.S. tariffs and inflation risks

The rand softens as dollar strengthens, highlighting South Africa’s vulnerability to global sentiment and domestic structural economic pressures.

KEY POINTS Päijät-Häme District Court sentences Simon Ekpa to six years. Convictions include terrorism offences, incitement, and aggravated tax fraud. Ekpa accused of equipping armed groups and inciting violence via …

South Africa prepares for historic G20 summit, set to welcome world leaders and highlight Africa’s role in global decision-making.

Africa now has 25 billionaires and 122,500 millionaires, reflecting rapid shifts in wealth creation and economic influence across the continent.

Egypt central bank set to cut rates by 100 basis points as inflation cools and growth pressures mount.