Ghana to Launch Gold Board to Boost Earnings and Curb Smuggling
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 […]
Finance
Nigeria’s Central Bank Projects 4.17% GDP Growth in 2025, Inflation to Ease
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
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
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 […]
West Africa’s BRVM Stock Exchange hits record high of 20,6 trillion CFA Francs in 2024
The BRVM stock exchange in West Africa reached a record total value of 20.6 trillion CFA francs ($ 32 billion) in 2024, driven by strong […]
Nigeria’s Inflation Rate Climbs Again, Marking Fourth Consecutive Monthly Rise
Nigeria’s inflation rate has increased for the fourth month in a row, reaching 34.80 percent in December, according to figures released by the country’s statistics […]
Mozambique moving on with its ambitious $80bn energy plan despite ongoing unrest
Put aside the recent warning from the IMF that the continuing post-election unrest in Mozambique is poised to negatively impact its economic growth, the south-east […]
Egypt receives first installment of EU’s Macro-Financial Assistance Program
During the weekly press conference on Wednesday, January 1, Prime Minister Mostafa Madbouly announced that Egypt has received the first installment of the European Union’s […]
BFA improves Angola’s GDP growth to up to 4.5% in 2024
Banco Fomento Angola (BFA) has raised its growth forecast for Angola’s economy in 2024 to as much as 4.5%, following stronger-than-expected results in the third […]
Egypt: 3.5% economic growth in Q1 FY2024/25
Egypt’s economy has shown remarkable resilience amid global uncertainties, achieving a solid 3.5% growth in the first quarter of the 2024/25 fiscal year, a notable […]