A fall in Nigeria’s foreign reserves by $1.6 billion to $32.97 billion has been observed since the country’s central bank’s recent efforts to unify foreign exchange...
Uganda’s finance ministry wants to exceed double of its level of domestic market borrowing to 6.8 trillion Ugandan shillings ($1.79 billion) in the 2023/24 financial year...
Kenya’s central bank raised its lending rate benchmark by 2% to 12.5% following exchange rate depreciation, spurring price pressures, and a rise in public sector external...
Zambia’s first green bond will be issued by Copperbelt Energy Corporation (CEC) at the end of the year. CEC’s chief executive officer, Owen Silavwe, said in...
The Nigerian government is planning to revoke unused oil exploration leases that companies were granted but have not been able to carry out any exploration activities...
Botswana is keen on extending and expanding restrictions on imports of some fresh produce, in its quest for food self-sufficiency. According to the agriculture ministry, the...
The Kenyan government’s plan to begin fresh privatisation under a modified law was suspended by the court in a hearing challenging the move by an opposition...
The Nigerian government plans the disbursement of funds to small and medium-scale businesses under its Presidential Palliative Programme targeted at alleviating the impact of fuel subsidy...
South Africa’s Jonathan Oppenheimer has acquired a majority stake in Nigeria’s biggest beverage can manufacturer, GZ Industries. Oppenheimer acquired Affirma Capital’s 37.5% ownership in GZI, a...
Zimbabwe’s Finance Minister, Mthuli Ncube, has revealed that the country’s economic growth is expected to fall to 3.5% in 2024 from 5.5% this year. The minister...