AfDB Flags Global Trade Turbulence as Key Risk to Africa’s Economic Momentum
The African Development Bank (AfDB) has sounded the alarm on the rising geopolitical and trade tensions impacting the continent’s economic trajectory, as it trimmed its […]
Finance
Leading Nigerian Banks Earn N165.27 Billion From e-banking in Q1 2025 Due to Fintech Competition
Despite growing competition from fintech companies, eight major Nigerian banks—including Zenith, Access, and UBA—reported a combined electronic banking income of N165.27 billion in the first […]
Nigeria’s inflation rate falls to 23.71% in April 2025
The NBS (National Bureau of Statistics) says Nigeria’s headline inflation rate slightly decreased from 24.23 per cent in March to 23.71 per cent in April […]
Ethiopia expects $1.7 bln in mostly Chinese investments
The Ethiopian finance ministry said that deals worth $1.7 billion by mostly Chinese firms operating in energy and minerals have been signed. The deals include […]
Nigeria Records Strongest Economic Growth in a Decade Amid Structural Reforms
In 2024, Nigeria achieved its highest economic growth in ten years, according to the World Bank, marking a significant recovery driven by bold structural reforms […]
French AFD Supports OCP’s Green Transition Program with €350 Million
The French Development Agency (AFD) and Morocco’s fertilizer giant OCP Group have signed a €350 million financing agreement to support OCP’s ambitious green investment program, […]
Mozambique’s Soaring Debt Poses Mounting Fiscal Risks Despite External Relief
Mozambique’s public debt ballooned by 26.2% over five years, reaching a record US$16.2 billion at the close of 2024, according to a newly released report […]
French Development Agency Expands its Investments in Morocco to Saharan Provinces
The French Development Agency (AFD) group is expanding its investments in Morocco to the Sahara provinces with plans to inject around €150 million in these […]
Kenya Targets Lower Budget Deficit Amid Austerity Push and IMF Pressure
Kenya’s Government has announced on Tuesday 29 April plans to cap its fiscal deficit at 4.5% of GDP for the 2025/26 financial year, a modest […]
Zimbabwe Seeks Reduction in US Tariffs through Direct Talks
Zimbabwe’s Finance Minister, Mthuli Ncube, revealed on Sunday, April 27, that the country has engaged in direct negotiations with the United States to seek a […]