Economy

South Africa is poised to reclaim its position as the continent’s biggest economy next year, according to the latest forecasts by the International Monetary Fund (IMF). The IMF’s World Economic …

Liberia’s presidential election heads toward a thrilling run-off, early results suggested on Monday. Incumbent President George Weah and rival Joseph Boakai are locked in a tight battle, with neither securing …

OK Zimbabwe Limited, a prominent supermarket chain, has praised government-led stability measures following a robust 33.3% surge in its revenue amid economic calming strategies. Early in 2023, the Zimbabwean dollar …

Nigeria, Africa’s largest economy, has announced a proposed budget of N26 trillion ($34 billion) for the 2024 fiscal year, a 19% increase from the current budget of N21.8 trillion. The …

Sub-Saharan African countries are facing a debt crisis that could jeopardize their public services, such as health and education, and hamper their economic recovery. The International Monetary Fund (IMF) has …

Nigeria’s ongoing economic strife, accentuated by persistent foreign exchange crises, is compelling major manufacturing firms to overhaul their business strategies, a move experts warn could jeopardize product quality and pose …

South Africa’s state-owned freight-rail and ports company, Transnet, is seeking urgent financial support from the government to implement a turnaround plan that aims to restore its operational and financial performance. …

Uganda’s harsh anti-gay law, which imposes the death penalty for some same-sex acts, has put the country’s relationship with the World Bank under strain. The bank has suspended new funding …

Zimbabwe faces a massive brain drain as thousands of skilled workers leave the country in search of better opportunities abroad. The economic meltdown, which has been worsened by the impact …

In 2017, Kenya proudly unveiled the first section of its Chinese-financed railway. However, two years later, construction halted midway, and plans to connect it to other East African nations seem …