Namibia Hikes Interest Rate to 6.75% Amid Rising Inflation Concerns
On June 17, 2026, the Bank of Namibia raised its benchmark repo rate by 25 basis points to 6.75%, marking its first interest rate increase […]
Finance
Zimbabwe Cuts Interest Rate as Inflation Continues to Decline
The Reserve Bank of Zimbabwe (RBZ) has reduced its policy interest rate from 35 per cent to 30 per cent, citing low and stable inflationary […]
Sudan Importers Blame Government Ban for Inflation Surge and Currency Collapse
Sudan’s National Chamber of Importers has criticized the Government over rising inflation and the continued depreciation of the Sudanese pound, following a decree issued in […]
Zambia Secures Strong Investor Support for Landmark $1.36bn Debt-for-Energy Deal
Zambia has received overwhelming backing from bondholders for a pioneering $1.36 billion debt buyback arrangement linked to major upgrades in its electricity infrastructure. The Government […]
Economic Reforms Restore Investor Confidence Across Africa, Standard Chartered Says
African countries including Nigeria, Ghana, Uganda, Egypt and Zambia are attracting renewed investor interest as economic reforms begin to yield positive results, according to Dalu […]
Tanzania Sets $24bn Budget to Drive Vision 2050 Development Agenda
Tanzania has announced on Wednesday a 62.3 trillion Tanzanian shillings (approximately 24 billion US dollars) budget framework for the 2026/2027 fiscal year, marking the first […]
South Africa Records 0.5% Economic Growth in First Quarter of 2026
South Africa’s economy expanded by 0.5 per cent in the first quarter of 2026, marking the sixth consecutive quarter of growth, according to figures released […]
Morocco Leads Africa in Millionaire Growth with 16.8% Rise in 2025, Capgemini Report Shows
Morocco recorded the fastest growth in high-net-worth individuals of any African country in 2025, with its millionaire population expanding by 16.8 percent over the year, […]
IMF Urges Continued Reforms as Nigeria Faces Poverty and Inflation Challenges
The International Monetary Fund (IMF) concluded its 2026 Article IV consultation with Nigeria on June 1, 2026, with the findings released on June 9, 2026. […]
Mozambique in Talks with IMF as New Support Programme Considered
Mozambique has confirmed that it is preparing discussions on a possible new assistance programme with the International Monetary Fund (IMF), as a technical mission from […]