AfDB Approves Additional Debt Relief to Bolster Somalia’s Economic Recovery
The African Development Bank Group (AfDB) has granted nearly 18 million US dollars in additional debt relief to Somalia, according to an announcement made on […]
Finance
IMF Launches Internal Probe into Senegal’s “Hidden Debt” Case to Strengthen Data Integrity Controls
The International Monetary Fund (IMF) has initiated an internal investigation into the “hidden debt” affair that has raised serious concerns in Senegal. The institution’s Communications […]
Nigeria Tightens Cash Controls with New Withdrawal Limits to Strengthen Financial Security
Nigeria’s Central bank on Wednesday, 3 December, has unveiled a comprehensive overhaul of its cash management framework, introducing tighter withdrawal caps and removing charges on […]
World Bank Projects Sustained Economic Growth for Zimbabwe
Zimbabwe’s short-term economic prospects are strengthening, with the World Bank projecting growth to hold at 5 percent in 2026. The latest Zimbabwe Economic Update, unveiled […]
South Africa Posts R15.6bn Trade Surplus in October 2025 Amid Rising Flows
South Africa registered a preliminary trade surplus of R15.6 billion in October 2025, driven by exports totalling R192.2 billion against imports of R176.6 billion, according […]
African State-Owned Investors Hit Record $1 Trillion as Sovereign Wealth Funds Expand
African state-owned financial institutions have reached a historic milestone, now managing an estimated $1 trillion in assets, according to the latest monthly assessment by GlobalSWF. […]
Zimbabwe Unveils Ambitious Five-Year Blueprint to Accelerate Economic Transformation
Zimbabwean President Emmerson Mnangagwa has launched on November 27 the country’s next five-year development framework, the 2026–2030 National Development Strategy (NDS 2), designed to fast-track […]
Bank of Ghana Cuts Policy Rate to 18% as Inflation Outlook Brightens
Ghana’s Central bank, on Wednesday, November 26, announced a 350-basis-point reduction in the benchmark lending rate, lowering it from 21.5 percent to 18 percent. Governor […]
Tunisia’s Insurance Industry Posts Robust Growth in First Nine Months of 2025
Tunisia’s insurance sector delivered a resilient financial performance in the first nine months of 2025, recording total revenues of 3,123.3 million dinars, an 11.5% uplift […]
World Bank Raises Kenya’s 2025 Growth Forecast Amid Strong Construction Recovery
The World Bank, on Monday, November 24, has upgraded Kenya’s 2025 economic growth projection to 4.9 percent, up from its earlier estimate of 4.5 percent, […]