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Finance

Uganda Charges Finance Ministry Officials with Corruption Over $21 Million Hacking Incident

February 7, 2025 Steven Addamah 0

Eight officials from Uganda’s Ministry of Finance have been charged with a range of offences, including corruption, electronic fraud, and money laundering, in connection with […]

South Sudan to Launch National Instant Payment System to Boost Financial Inclusion

February 7, 2025 Pawla Nibramich 0

The Bank of South Sudan (BoSS) has announced the upcoming launch of the country’s first-ever National Instant Payment System (NIPS), developed in partnership with the […]

BRICS shrugs Trump’s repeated 100% tariff threat to dissuade the bloc from replacing US dollar

February 3, 2025 Geraldine Boechat 0

US president Donald Trump has issued yet another stern warning to the BRICS nations in the face of their continued push to introduce an alternative […]

Egypt to Raise $2bn Through International Bond Issuance in next February

January 31, 2025 Khalid Al Mouahidi 0

In a move to strengthen its financial position, Egypt is set to raise up to $40 billion through its global medium-term note programme. As part […]

African Development Bank’s New Refinancing Facility Set to Support Struggling Nations

January 30, 2025 Steven Addamah 0

The African Development Bank (AfDB) is poised to launch a regional refinancing facility aimed at assisting African nations burdened with maturing international bonds, according to […]

Uganda Unveils 2025/2026 Financial Year Resource Envelope worth of over USh57 trillion

January 29, 2025 Steven Addamah 0

The Ministry of Finance, Planning, and Economic Development has announced on January 28 the projected resource envelope for the 2025/2026 financial year, which is set […]

Ghana to Launch Gold Board to Boost Earnings and Curb Smuggling

January 28, 2025 Steven Addamah 0

Ghana is set to establish a Gold Board to better regulate gold purchases from small-scale miners, aiming to increase national earnings and reduce smuggling. Announced […]

Nigeria’s Central Bank Projects 4.17% GDP Growth in 2025, Inflation to Ease

January 26, 2025 Pawla Nibramich 0

Nigeria’s Central Bank expects the economy to grow by 4.17% in 2025, driven by ongoing reforms and stabilising inflation, Governor Olayemi Cardoso stated on Thursday […]

Angola’s Central Bank Keeps Interest Rate Steady as Inflation Eases Slightly

January 22, 2025 Steven Addamah 0

On January 21, Angola’s Central Bank decided to keep its main interest rate unchanged at 19.50%, marking the fourth consecutive meeting in which the rate […]

Rand Weakens against Strong Dollar amid Trump’s Policy Shifts

January 21, 2025 Steven Addamah 0

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 […]

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