economy

Nigeria is in talks with the World Bank to secure up to $1.5 billion of budget support to help ease a severe dollar shortage that has contributed to the naira’s …

  Nigeria, Africa’s largest economy and most populous nation, is facing a severe cost of living crisis as inflation reached a record high of 28.92% in December 2023, the highest …

Ghana has reached a landmark agreement with its official creditors to restructure its debts and ease its financial burden. The deal, which was announced on Wednesday, is a key step …

The Nigerian currency, the naira, has continued to lose value against the US dollar despite a surge in foreign exchange supply. On Wednesday, the naira closed at N1,035.12 per dollar …

The South African rand started the new year on a sour note, falling sharply against the U.S. dollar on Tuesday.   Based on a report by Reuters, the rand traded …

Nigeria, Africa’s largest economy, is facing a wave of corporate exits as several multinational companies have announced plans to leave the country or scale back their operations in the second …

Egyptians began voting on Sunday in a presidential election set to hand Abdel Fattah al-Sisi a third term in power, as the country grapples with an economic crisis and a …

Egyptian President Abdel-Fattah El-Sisi has secured another term in office after a largely uncontested election, but his real challenge lies ahead: reviving the country’s troubled economy and restoring investor confidence. …

Kenya has received an additional $938 million from the International Monetary Fund (IMF) to support its economic recovery from the effects of the drought, inflation, and global financial shocks. The …