DRC: Payroll Surge Deepens Fiscal Strain as IMF Flags 2026 Deficit Risk
The State payroll in DR Congo has risen by a further 11 per cent this year, intensifying pressure on public finances, according to Valery Madianga, […]
Finance
Africa Urged to Unlock Domestic Capital and Reform Extractive Models to Bridge Financing Gap
Africa continues to grapple with a widening infrastructure financing gap and loses billions of dollars annually to financial fraud, even as the continent holds more […]
Mozambique and BADEA Launch New Phase of Climate and Social Development Financing
President Daniel Chapo of Mozambique met in Addis Ababa over the week-end with Abdullah Almusaibeeh, President of the Arab Bank for Economic Development in Africa […]
15 Indian Firms Advance Investment Plans in Angola
Fifteen Indian companies have moved forward with plans to invest in Angola as part of a growing economic partnership between the two nations. The development […]
Rwanda Revises 2025–26 Budget Down to 6.95 Trillion Francs Amid Financing Adjustments
Rwanda’s Minister of Finance and Economic Planning, Yusuf Murangwa, on Thursday presented a revised national budget for the 2025–26 fiscal year, reducing the overall envelope […]
Kenya’s Central Bank Cuts Benchmark Rate to 8.75% as Inflation Eases
The Central Bank of Kenya (CBK) has reduced its benchmark lending rate to 8.75 per cent from 9 per cent, citing declining inflationary pressures. The […]
Nigeria: FG hails CAC’s digital reforms as catalyst for investor confidence at 35th anniversary
The Federal Government has commended Nigeria’s Corporate Affairs Commission (CAC) for strengthening private sector growth and boosting investor confidence through sustained reforms and digital transformation. […]
Botswana expects 2026 economic growth but faces rising debt above statutory ceiling
Botswana’s economy is projected to rebound this year after two consecutive years of contraction, but Government debt is expected to exceed the statutory ceiling due […]
South Sudan to Bridge 2025/26 Budget Deficit Through Fresh Borrowing Amid Rising Debt
South Sudan’s government has unveiled a draft budget for the 2025/26 financial year, projecting total expenditure of 8.58 trillion SSP against anticipated revenues of 7.01 […]
President Ramaphosa Praises SARS as “Engine Room of the State” During Oversight Visit
South African President Cyril Ramaphosa lauded the South African Revenue Service (SARS) as the “engine room of the South African state” during an oversight visit […]