economy

Kenya has successfully issued a new Eurobond worth $1.5 billion to pay off its maturing debt and ease market concerns about its ability to service its obligations. The East African …

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 …

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 …

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 …

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. …

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 …

Nigeria’s new central bank governor, Olayemi Cardoso, has unveiled his ambitious plans to tame the country’s soaring inflation and boost the value of its currency, the naira. Cardoso, who took …

Gabon, a small oil-rich country in Central Africa, is facing a critical moment in its history as a team from the International Monetary Fund (IMF) is expected to visit the …

The Suez Canal, one of the world’s busiest waterways and a vital source of income for Egypt, has seen a sharp drop in revenue after a series of attacks by …