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 […]
Finance
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 […]
Libyan central bank devalues currency by 13.3%
Libya’s central bank announced a 13.3% devaluation of the dinar, the first currency weakening since 2020. The official devaluation brings the exchange rate closer to […]
Democratic Alliance Challenges South Africa’s Budget Process and VAT Hike
South Africa’s opposition Democratic Alliance (DA) party has filed a legal challenge against the country’s budget process, seeking to block a proposed increase in value-added […]
Trump Unveils Sweeping Tariffs, Escalating Global Trade Tensions and Economic Fears
U.S. President Donald Trump has introduced on April 2 a bold set of tariffs, including a 34% levy on imports from China and a 20% […]
Namibia’s Finance Minister Unveils 106.3 Billion Dollar Budget with Focus on Development and Infrastructure
On Thursday March 27, Namibia’s newly appointed Minister of Finance and Social Grants Management, Ericah Shafudah, presented the country’s 2025/26 budget of 106.3 billion Namibian […]
IMF Delays Talks on New Senegal Program Over Economic Data Misreporting
The International Monetary Fund (IMF) announced that discussions on a new economic program for Senegal would be postponed until the Government addresses issues of misreported […]
Kenya Seeks New IMF Loan Agreement After Suspension of Current Program
Kenya has formally requested a new lending program from the International Monetary Fund (IMF), which will incorporate unused funds from the current program, following the […]