Mozambique Sees Surge in Digital Financial Inclusion and Improved Lending Conditions
The Bank of Mozambique has reported a substantial rise in electronic money account users, growing from 11.9 million in December 2022 to 23 million by […]
Finance
South Africa Sets New Inflation Target at 3 Percent
South African Finance Minister Enoch Godongwana announced on Wednesday, 12 November 2025, a revised inflation target of 3 percent with a 1-percentage-point tolerance band, during […]
East Africa: EAC Trade Rises to $38.2 Billion in Q2 2025 as Exports Surge 40 Percent
The East African Community (EAC) registered a strong upswing in international merchandise trade in the second quarter of 2025, underscoring the bloc’s economic resilience and […]
World Bank Grants Tunisia $430 Million to Advance Clean Energy Transition
The World Bank announced on Tuesday, November 11, that it has signed a $430 million financing agreement with Tunisia to support the country’s shift towards […]
Mozambique Pays Over $42 Million to China in Debt Service Despite Loan Relief Measures
Mozambique paid more than US$42.2 million to China in debt service over a three-month period, making Beijing its largest bilateral creditor, according to data from […]
Ghana: Government Introduces Modified Taxation Scheme to Capture Night-Market Businesses
The Government has unveiled a Modified Taxation Scheme to broaden Ghana’s tax base and promote fairness in revenue collection. Launching the initiative in Accra on […]
Mozambique Expects Economic Recovery in 2026, Driven by Gas and Mining Projects
The Bank of Mozambique projects a gradual economic rebound in 2026, supported by major investments in natural gas and mining. Governor Rogério Zandamela, speaking at […]
Zimbabwe Eyes Sharp Inflation Slowdown as Gold-Backed Currency Gains Traction
Zimbabwe is charting a promising path toward macroeconomic stability, with projections showing its annual inflation rate could halve by the end of 2025. The Confederation […]
Senegal Secures IMF Confidence as Mission Concludes in Dakar
Senegal has earned a vote of confidence from the International Monetary Fund following the conclusion of an IMF mission led by Edward Gemayel on 4 […]
IFC to Expand Local-Currency Lending to Strengthen African Investment Landscape
The International Finance Corporation announced plans on 3 November 2025 to scale up local-currency lending and direct investment across Africa, aiming to help businesses achieve […]