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Finance

Namibia Records Largest-Ever Trade Deficit in August 2025 Amid Heavy Import Dependence

October 4, 2025 Steven Addamah 0

Namibia recorded its highest-ever trade deficit in August 2025, reaching 5.3 billion Namibian dollars (approximately 308 million U.S. dollars), according to data released by the […]

Senegal Detains Family of Media Mogul Madiambal Diagne in Expanding Fraud Investigation

October 1, 2025 Geraldine Boechat 0

Senegalese authorities have placed the wife, two sons, and marabout of prominent media tycoon Madiambal Diagne in pre-trial detention as investigations into alleged financial crimes […]

Standard & Poor’s Upgrades Morocco’s Sovereign Rating

September 28, 2025 Khalid Al Mouahidi 0

The U.S. rating agency Standard & Poor’s has raised Morocco’s sovereign rating to BBB-/A-3, restoring the Kingdom to “Investment Grade” status. The agency’s decision, following […]

Senegal Adopts New Tax Reform to Boost Domestic Revenue

September 23, 2025 Geraldine Boechat 0

Senegal’s National Assembly on Thursday, September 18, has passed a significant tax reform bill, Law No. 17/2025, amending the country’s General Tax Code. The legislation […]

UEMOA Economic Growth Moderates Slightly Amid Stable Inflation

September 18, 2025 Pawla Nibramich 0

The West African Economic and Monetary Union (UEMOA) experienced a slight moderation in economic growth during the second quarter of 2025, with GDP expanding by […]

Egypt Targets $20 Billion Annual Debt Reduction Under New Economic Plan

September 18, 2025 Khalid Al Mouahidi 0

Egypt has unveiled a new economic strategy with the ambitious goal of reducing its external debt burden by $1-2 billion annually. The plan is a […]

Zambia’s Central Bank Warns of Escalating Cyber Threats to Financial Sector

September 18, 2025 Steven Addamah 0

The Bank of Zambia on Wednesday, September 17, has raised an alarm over increasing cyber threats targeting the nation’s banking industry. Governor Denny Kalyalya stated […]

Uganda Projects 8% Annual Growth Ahead of Oil Production Boom

September 15, 2025 Steven Addamah 0

Uganda’s economy is forecast to expand by an average of 8% annually over the next five years, fuelled by anticipated oil production and heavy investments […]

Nigeria Postpones Fuel Surcharge to 2026 Amid Economic Pressures

September 11, 2025 Steven Addamah 0

Nigeria has delayed the implementation of its new tax law, which includes a 5% fuel surcharge on petrol, diesel and other fossil fuels, until January […]

Rebel-Held Bukavu Struggles with Damaged Banknotes Amid Cash Shortage

September 10, 2025 Geraldine Boechat 0

Residents of Bukavu, the capital of South Kivu province in eastern Democratic Republic of Congo, are grappling with a severe cash shortage that has forced […]

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