To maintain exchange rate stability, Kenya’s central bank maintained its benchmark lending rate at 13.0% on Wednesday while stating that inflation was stable within its near-term...
After establishing the benchmark in March, Nigerian institutions have begun submitting plans to satisfy the new minimum capital requirements intended to fortify the financial system and...
Uganda National Oil Company (Unoc) signed sales and purchase agreements (SPAs) with the largest fuel dealers in the market on Tuesday, as it continues to recover...
The government of Zambia has requested an increase in its $1.3 billion loan programme to $1.7 billion to help it deal with a severe drought, according...
Zambia is about to pull itself out of default more than three and a half years after legally declaring bankruptcy. The Southern African country is set...
The three levels of government in Nigeria will begin receiving allocations daily instead of monthly, according to plans announced by the Presidential Fiscal Policy and Tax...
The Nigerian government will employ satellite technology to monitor mining sites around the country, according to a statement by Dele Alake, Minister of Solid Minerals Development....
In a move which signals a significant milestone in the global energy market, Nigeria’s Dangote refinery has exported its first jet fuel cargo to Europe. According...
From the content of a bill in the Nigerian Senate, lawmakers want to give the finance minister the chairmanship of a committee that would coordinate monetary...
To demonstrate its faith in efforts to address the issues facing the continent, Kenya plans to boost its $100 million stake in three significant African financial...
Oil marketers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority expect refined petroleum product prices to reduce as another...
Kenya’s statistics agency said on Tuesday that Kenya’s consumer price inflation increased slightly to 3.0% year-over-year in December from 2.8%...
Transnet, a state-owned logistics company in South Africa, announced on Tuesday that it had lost 2.2 billion rand ($117.48 million)...
A 15 billion yuan ($2 billion) currency-swap arrangement between China and Nigeria has been extended to boost investment and commerce...
As anticipated, Egypt’s central bank has maintained its overnight interest rates, stating that although inflation was predicted to drop significantly...
According to the African Development Bank (AfDB), illicit money flows and profit shifting by multinational corporations doing business in Africa...
Former Nigerian Aviation Minister, Femi Fani-Kayode, has told President Abdourahamane Tchiani of Niger Republic to refrain from making infantile and...
Elon Musk’s satellite internet service provider, Starlink, has again jacked up the prices of its services in Nigeria after an...
The former President of Moroccan top club, Raja Casablanca, Mohamed Aouzal, has been sentenced to three and a half years...
The Zambian Ministry of Health has reported a second case of Monkeypox, popularly known as Mpox, in Kitwe region of...