Rand Weakens against Strong Dollar amid Trump’s Policy Shifts
South Africa’s rand weakened against a strong dollar on Tuesday January 21, following U.S. President Donald Trump’s announcement of a series of policy changes after […]
Finance
West Africa’s BRVM Stock Exchange hits record high of 20,6 trillion CFA Francs in 2024
The BRVM stock exchange in West Africa reached a record total value of 20.6 trillion CFA francs ($ 32 billion) in 2024, driven by strong […]
Nigeria’s Inflation Rate Climbs Again, Marking Fourth Consecutive Monthly Rise
Nigeria’s inflation rate has increased for the fourth month in a row, reaching 34.80 percent in December, according to figures released by the country’s statistics […]
Mozambique moving on with its ambitious $80bn energy plan despite ongoing unrest
Put aside the recent warning from the IMF that the continuing post-election unrest in Mozambique is poised to negatively impact its economic growth, the south-east […]
Egypt receives first installment of EU’s Macro-Financial Assistance Program
During the weekly press conference on Wednesday, January 1, Prime Minister Mostafa Madbouly announced that Egypt has received the first installment of the European Union’s […]
BFA improves Angola’s GDP growth to up to 4.5% in 2024
Banco Fomento Angola (BFA) has raised its growth forecast for Angola’s economy in 2024 to as much as 4.5%, following stronger-than-expected results in the third […]
Egypt: 3.5% economic growth in Q1 FY2024/25
Egypt’s economy has shown remarkable resilience amid global uncertainties, achieving a solid 3.5% growth in the first quarter of the 2024/25 fiscal year, a notable […]
Protests erupt in Port Sudan over introduction of new banknotes
Dozens of Sudanese protesters took to the streets of Port Sudan on Tuesday, December 31, to oppose the Government’s decision to partially replace banknotes in […]
Angola’s economic situation worsens, consumer confidence declines
The economic challenges faced by Angola and its families have deepened over the past year, driven by rising unemployment and increasing prices for goods and […]
Morocco Launches ‘AfriDou@ne’ Program to Boost African Customs Cooperation
Morocco’s Customs and Indirect Tax Administration (ADII) has announced the launch of the “AfriDou@ne” program, a flagship international cooperation initiative aligned with its 2024-2028 strategic […]