Standard Bank Namibia launches CIPS to boost China trade
Standard Bank Namibia on Monday launched China’s Cross-Border Interbank Payment System (CIPS), becoming the first bank in Namibia to offer direct renminbi (RMB) payment services. […]
Finance
Rwanda, EU sign €40m deal to boost climate-smart agriculture
Rwanda and the European Union on August 4 signed a 40 million euro (about 67 billion Rwandan francs) financing agreement to support the country’s transition […]
AfDB approves $35.4m to strengthen Senegal’s public finance management
The African Development Bank (AfDB) has approved a financing Worth 20 billion CFA francs (US$35.4 million) to support Senegal’s public finance management as the country […]
AfDB Forecasts 22% Economic Growth for South Sudan in 2026, Around 4.8 in 2027
South Sudan’s economy is expected to expand by 22 per cent in 2026 as oil exports recover and macroeconomic conditions improve, according to a new […]
Nigeria: Reform Savings Offset by Rising Debt Servicing, Public Spending
Nigeria’s government says savings generated from the removal of fuel subsidies and foreign exchange market reforms have largely been offset by higher debt servicing costs […]
Zimbabwe maintains 5% economic growth target for 2026
Zimbabwe remains on track to achieve its 5 per cent economic growth target for 2026, supported by macroeconomic stability, strong mineral exports and improved value […]
US government finances first private sector project in Moroccan Sahara
The US Trade and Development Agency (USTDA) signed a grant agreement Tuesday with project developer ORNX to finance early engineering studies for a major green […]
AU leaders warn Middle East conflict is fuelling Africa’s economic crisis
African leaders have warned that the renewed conflict in the Middle East is worsening Africa’s economic and security challenges through rising energy costs, supply chain […]
AfDB projects Kenya’s economic growth to slow to 4.6% in 2026
Kenya’s economy is expected to grow by 4.6 per cent in 2026 before improving slightly to 4.7 per cent in 2027, according to the African […]
Ghana: IMF Approves $3 billion ECF Program, Disbursement of about $371 million
The International Monetary Fund (IMF) Executive Board has completed the sixth and final review of Ghana’s $3 billion Extended Credit Facility (ECF) program, and approved […]