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Finance

World Bank Cuts Sub-Saharan Africa’s 2026 Growth Outlook Amid Mounting Global Pressures

April 9, 2026 Steven Addamah 0

The World Bank on Wednesday, April 8 downgraded its 2026 economic growth forecast for sub-Saharan Africa by 0.3 percentage points from its October 2025 projection, […]

Kenya’s private sector contracts in March as Middle East war dampens demand

April 8, 2026 Steven Addamah 0

Kenya’s private sector activity shrank in March 2026 for the first time since August 2025, as geopolitical tensions in the Middle East weighed on demand […]

Rwanda Secures $250m IMF Loan Deal to Sustain Reforms Amid Global Pressures

April 3, 2026 Khalid Al Mouahidi 0

Rwanda on Thursday reached a staff-level agreement with the International Monetary Fund on a 38-month Extended Credit Facility programme valued at SDR 185 million (approximately […]

Angola–DRC Payment Systems Positioned to Formalise Cross-Border Financial Flows

April 3, 2026 Geraldine Boechat 0

Authorities in Angola and the Democratic Republic of the Congo say existing payment systems in both markets are functional and capable of formalizing financial flows […]

World Bank Reaffirms Backing for Nigeria’s Reforms, Stresses Role of Legislative Oversight

April 2, 2026 Steven Addamah 0

The World Bank has reiterated its strong support for Nigeria’s reform agenda, citing steady progress towards economic recovery and underscoring the importance of parliamentary oversight […]

Casablanca Retains Top African Financial Center Ranking, Climbs to 49th Globally

April 1, 2026 Geraldine Boechat 0

Casablanca has reaffirmed its status as Africa’s leading financial center in the 39th edition of the Global Financial Centers Index (GFCI 39), published by Z/Yen […]

World Bank Approves $550m Programmes to Boost Skills and Social Protection in Tanzania

April 1, 2026 Steven Addamah 0

More than three million Tanzanians are set to benefit from two new programmes backed by the World Bank, aimed at strengthening education and social protection […]

Nigeria’s Parliament Approves Expanded ₦68.3 Trillion 2026 Budget After Presidential Review

April 1, 2026 Steven Addamah 0

Nigeria’s Parliament on Tuesday approved a revised 68.30 trillion naira ($49.38 billion) budget for 2026, following a request by Bola Tinubu to adjust the initial […]

GCF approves $440m climate financing for Africa to drive resilience and growth

March 31, 2026 Khalid Al Mouahidi 0

The Green Climate Fund (GCF) has approved 440 million U.S. dollars in climate financing for Africa, targeting seven projects expected to leverage an additional 1.1 […]

AfDB warns Africa’s growth outlook was already under strain before Iran conflict

March 31, 2026 Geraldine Boechat 0

On 30 March 2026, the African Development Bank (AfDB) reported that risks to Africa’s economic growth were skewed to the downside even before the outbreak […]

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News

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