The rating on Ethiopia’s only international government bond has been downgraded to “default” from “near default” status by ratings agency, Fitch. The downgrade comes after the...
After failing to make a $33 million “coupon” payment on its only international government bond, Ethiopia has become Africa’s third debt defaulter in as many years....
Nigeria’s central bank has reaffirmed the security of money in Nigerian banks in the wake of recent scandals surrounding the nation’s banking system, highlighting the banking...
After over nine years of closure, the Libyan Stock Market resumed trading on Monday at a hall in the capital, Tripoli, following years of political and...
The World Bank granted the Nigerian Ministry of Finance, Budget, and National Planning’s Home Finance Department $5.6 million to purchase 21 items, including vehicles, furniture, solar...
The budgetary support of $620.65 million for East African nations, Rwanda, Tanzania, and the Democratic Republic of the Congo (DRC) has been approved by the board...
Two sources cited by Reuters claim that French energy company, TotalEnergies, plans to relaunch its long-delayed $20 billion LNG project in Mozambique in the first quarter...
One of Africa’s leading oil producers, Angola, has announced a plan to quit the Organisation of the Petroleum Exporting Countries (OPEC). Its decision arose over a...
The Central Bank of Nigeria (CBN) has announced that the prohibition on cryptocurrency transactions has been lifted. This means that banks and other financial institutions can...
Zambian President, Hakainde Hichilema, is lobbying his country’s official and private creditors to meet to resolve their differences over a restructuring proposal for $3 billion of...
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...