Economy

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.

KEY POINTS ADC rejects Datti Baba-Ahmed’s criticism. Coalition vows unity against Tinubu’s administration. ADC urges Baba-Ahmed to join opposition bloc. The African Democratic Congress has distanced itself from Senator Datti …

KEY POINTS Tinubu launches tax calculator ahead of January 2026 reforms. Tool lets Nigerians compare new and current income tax rates. President promises system won’t punish the poor, ensures equity. …

Botswana signs $12 billion deal with Qatar’s Al Mansour Holdings to boost infrastructure, energy, and industry while reducing reliance on diamonds.

KEY POINTS Nigeria economic stability talks held in Abuja. Officials push for stronger investor confidence measures. Fiscal and monetary alignment seen as critical. Nigeria’s economic managers are moving to reinforce …

KEY POINTS Nigeria clean energy drive highlighted with new LPG vessel. NNPC Ltd. vows wider access to affordable LPG. Sahara Group plans further fleet expansion within two years. Nigeria is …

South African rand strengthens on gold’s rally, while investors increasingly anticipate inflation figures next week to determine the currency’s next tra jectory.

KEY POINTS EFCC says library was not under investigation. 93 suspected fraudsters arrested during a pool party. 23 suspects to face court on August 15. The Economic and Financial Crimes …