Economy

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 …

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.