VAT Hike Abandoned Amid Coalition Tensions in South Africa
Plans to raise South Africa’s value-added tax (VAT) have been abandoned on April 24 by the Finance minister, following intense opposition from coalition partners. The […]
Finance
South Africa’s Economic Growth Forecast Downgraded by IMF Amid Tariff Concerns
A reduced economic growth forecast for South Africa has been issued by the International Monetary Fund (IMF), with the 2025 projection being cut from 1.5 […]
Nigeria’s $6.84bn Balance of Payment Surplus Signals Economic Resilience and Stability
The Democratic Front (TDF) has hailed on April 21 Nigeria’s $6.84 billion balance of payment surplus for 2024 as a key indicator of economic strength […]
Senegal: Five Former Ministers Accused of Misappropriating Covid-19 Funds
Five former ministers from the regime of ex-President Macky Sall may face prosecution before Senegal’s High Court for the alleged embezzlement of public funds, according […]
Ghana Secures $370M IMF Loan Following Positive Economic Review
An agreement has been finalized between the International Monetary Fund (IMF) and the Ghanaian government, granting approval for the fourth review of the country’s economic […]
Nigerians Fear Savings Lost as Investment Platform Freezes Accounts
Frustrated Nigerians have taken on April 15 to social media to express their anger after being locked out of their accounts on the digital investment […]
Africa loses $88.6bn annually to corruption, ECOWAS warns
The Economic Community of West African States (ECOWAS) has raised the alarm over Africa’s staggering loss of $88.6 billion each year due to corruption and […]
Fitch Ratings expects no African credit downgrades following Trump’s moves
Trump’s aid freeze and tariffs would not lead to African credit downgrades, Fitch Ratings said in a recent analysis, citing low integration of most African […]
Egypt, France Forge €7-Billion-Green Hydrogen Partnership
Egypt and France signed a landmark agreement worth €7 billion (approximately 7.64 billion U.S. dollars) to establish a cutting-edge integrated complex for green hydrogen and […]
Trump tariffs triggers fears of recessions in African economies
Trump tariffs on African economies triggered repercussions particularly on countries reliant on exports to the US. Some of the highest tariffs imposed by Trump administration […]