Power Dynamics Shape African Development Bank Presidential Race
The African Development Bank’s presidential election on May 29 promises intense competition as five candidates vie for control of the continent’s premier financial institution, with […]
Finance
African Development Bank Achieves Historic Capital Growth Under Adesina’s Leadership
The African Development Bank (AfDB) has accomplished an unprecedented capital increase over the past decade, growing from $93 billion in 2015 to $318 billion today, […]
Angola’s Entry into SADC Free Trade Area Signals New Era of Regional Economic Integration
Angola is poised to become the 14th member of the Southern African Development Community (SADC) Free Trade Area (FTA), marking a significant milestone in regional […]
Zimbabwe Targets Car Radios to Boost State Revenue Amid Economic Crunch
In a strategic move to widen its dwindling revenue streams, Zimbabwe’s Government has enacted a new law mandating motorists to pay an annual $92 radio […]
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 […]
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, […]