Economy

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.

CBN warns against forex market manipulations as naira trades at N1,500 to a dollar, enforcing transparent transactions.

Kenya’s President Ruto announces plans for a Eurobond buyback, aiming to strengthen the country’s financial position amid currency and revenue challenges.

Nigeria’s central bank has pledged to clear a foreign-exchange backlog estimated at about $5 billion within a short space of time as it seeks to attract investment back into the …