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Finance

President Ramaphosa Praises SARS as “Engine Room of the State” During Oversight Visit

February 6, 2026 Steven Addamah 0

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 […]

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South Africa’s Ramaphosa to Deliver Keynote as Nation Becomes Class A Shareholder of Afreximbank

February 5, 2026 Steven Addamah 0

South Africa’s President Cyril Ramaphosa is scheduled to deliver the keynote address at a Landmark ceremony on Wednesday, 4 February 2026, when the Republic formally signs its […]

Kenya Central Bank Urges Caution Over Cash Flower Bouquets as Valentine’s Day Nears

February 4, 2026 Steven Addamah 0

Kenya’s financial regulator has sounded a cautionary note as Valentine’s Day approaches, warning against the growing trend of creating cash flower bouquets and other celebratory […]

Egypt’s Private Sector Mobilizes $2.9 Billion in Financing in 2025, Driving National Investment Narrative

February 3, 2026 Khalid Al Mouahidi 0

The Egyptian Ministry of Planning, Economic Development and International Cooperation reported yesterday that the private sector secured approximately $2.9 billion (about EGP 136.5 billion) in […]

Bank of Ghana Cuts Policy Rate by 250 Basis Points as Inflation Eases

January 31, 2026 Steven Addamah 0

Ghana’s central bank on Wednesday announced a further 250-basis-point reduction in its benchmark lending rate to 15.5 percent, aiming to support economic growth after inflation […]

Mozambique Cuts Policy Rate as Inflation Hits 13-Month Low

January 31, 2026 Steven Addamah 0

Mozambique’s Central bank on Wednesday reduced its main interest rate by 25 basis points to 9.25 percent, marking a second consecutive cut following a similar […]

Zambia Concludes IMF Programme, Signals Shift to Growth-Oriented Reforms

January 31, 2026 Khalid Al Mouahidi 0

On Wednesday, the Zambian Government welcomed the conclusion of the IMF-supported Extended Credit Facility programme following the approval of the sixth and final review by […]

Kenya: Moody’s Upgrades Kenya’s Credit Rating, Citing Improved Liquidity and Lower Default Risk

January 30, 2026 Steven Addamah 0

Global ratings agency Moody’s upgraded Kenya’s sovereign credit rating to B3 from Caa1 and revised the outlook to stable, citing a significant reduction in near-term […]

Ghana: Mahama Expresses Surprise at Rapid Recovery of Ghana’s Economy

January 26, 2026 Steven Addamah 0

President John Dramani Mahama has expressed astonishment at the swift turnaround of Ghana’s economy, describing the pace of recovery as far exceeding both his expectations […]

African Union raises concerns over US withdrawal from UN funding

January 13, 2026 Steven Addamah 0

The African Union has expressed concern following a decision by the United States to halt funding and participation in several United Nations entities, warning that […]

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