Economy

Zambia’s quest for financial stability takes a pivotal turn as officials negotiate debt restructuring with Chinese banks, eyeing a sustainable economic future.

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 …

South Africa’s Vodacom reports a remarkable 29.7% surge in Q3 service revenue, primarily driven by its strategic expansion into Egypt.

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 …

U.S. strengthens economic ties with Africa, achieving $14.2 billion in trade and investments, reflecting a robust partnership for future growth.

MultiChoice and NBCUniversal are set to invest a substantial $177 million in Showmax, aiming to compete with international streaming giants in Africa’s burgeoning market.

Mozambique’s central bank has announced a surprise cut in its key interest rate, the first since the global pandemic in 2020, in a bid to stimulate economic growth and recovery. …

Ewaoluwa Olatunji, known as the ‘Queen of Afro-Solk,’ sets a Guinness World Record by singing Christmas carols for 31 hours straight, turning a musical marathon into a message of peace …

Burkina Faso contemplates leaving the currency union, while Mali reaffirms its commitment. Economic stability hangs in the balance as West African nations chart contrasting paths.