China tests global yuan ambitions in Africa’s financial shift
China is rapidly expanding the use of its currency, the yuan, across Africa, positioning the continent as a strategic testing ground for its broader de-dollarization […]
Finance
Botswana Launches Ambitious Economic Transformation Plan to Break Diamond Dependency
Botswana’s President Duma Boko on Tuesday, 15 July 2025, launched the Botswana Economic Transformation Program in the capital, Gaborone, calling for bold, innovative strategies to […]
Oxford Economics Projects 4.4% Inflation for Mozambique in 2025, Warns of Sharp Rise in 2026
British consultancy Oxford Economics forecasts Mozambique’s inflation to average 4.4% in 2025, aligning closely with the current year-on-year rise of 4.15% reported in June 2025. […]
Egypt Launches Simplified Tax System to Boost Growth and Formalisation of Small Enterprises
The Egyptian Tax Authority (ETA) is ramping up efforts to raise awareness of its newly introduced tax facilities designed to support the formalisation and expansion […]
IMF Approves Ghana’s Fourth ECF Review, Unlocking $370 Million to Bolster Economic Recovery
The International Monetary Fund (IMF) has approved Ghana’s Fourth Review under the Extended Credit Facility (ECF) Programme, releasing a $370 million disbursement to support the […]
African currencies under pressure despite reform gains, Afreximbank warns
A new report by the African Export-Import Bank (Afreximbank) has revealed widespread foreign exchange (FX) challenges across Africa, with nearly half of the continent’s currencies […]
AfDB approves $139 million loan for Johannesburg Modernization
The African Development Bank approved a landmark $139 million loan to Johannesburg Tuesday, marking the institution’s first direct lending to a municipal entity as South […]
Senegal’s President Diomaye Faye Attends UN Conference to Champion Africa’s Economic Sovereignty
Senegalese President Bassirou Diomaye Faye is participating in the 4th International Conference on Financing for Development, held from 29 June to 2 July 2025 in […]
Nigeria Overhauls Tax System with New Laws to Ease Burden on Poor and Boost Revenue
President Bola Tinubu has signed on June 26 four pivotal finance bills into law, signalling a landmark reform of Nigeria’s tax regime. The newly enacted […]
Nigeria’s Revenue Hits N6.9 Trillion in Q1 Amid Reforms, Transparency Drive
Nigeria’s Minister of Finance and Coordinating Minister for the Economy, Wale Edun, announced on Monday, June 23 that federal revenue rose to N6.9 trillion in […]