Economy

Angola is preparing to launch an initial public offering (IPO) for Unitel, its biggest telecommunications company, in 2024. The move is part of the country’s efforts to diversify its economy, …

Nigeria’s central bank has increased the interest rates on short-term debt obligations in a bid to attract foreign investors and stabilize the naira, the country’s currency. The Abuja-based Central Bank …

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, …

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 …

Under Dr. Dele Alake’s guidance, Nigeria is leading the charge in harnessing Africa’s vast mineral resources for economic prosperity.

SAA kicks off its 90th-anniversary celebrations in Lagos, honoring travel agents for their pivotal role in the airline’s success story.

Nigeria’s Central Bank identifies $2.4 billion irregularities in overdue forex transactions amid a naira crisis; a Deloitte audit exposes issues.

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 …

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 …