South Africa keeps interest rate at 7% amid rising inflation, rand weakness
South Africa’s central bank has left its benchmark interest rate unchanged at 7%, opting for caution as inflationary pressures, a…
Category: Africa
Afreximbank Invests 80% of Resources in Africa to Drive Infrastructure and Economic Growth
The African Export-Import Bank (Afreximbank) has revealed that about 80 per cent of its balance sheet is currently invested in…
Dangote Targets 2.1 Million BPD Refining Capacity as Congo Energy Partnership Talks Gather Momentum
Africa’s industrialisation drive received a major boost as the Dangote Group unveiled plans to increase its total refining capacity to…
African Startups See Debt Financing Surge to $1.2 Billion: Institutional Investors Take the Lead
Debt financing for African startups has surged from less than $300 million in 2021 to $1.2 billion in 2025, marking…
South Africa Holds Interest Rate at 6.75% Amid Rising Inflation Risks from Iran Conflict
South Africa’s central bank has decided to maintain its policy rate at 6.75%, signaling caution as global energy shocks linked…
Cardoso Champions ‘African-Led, African-Owned’ Development at Afreximbank Meeting
At the 32nd Annual Meeting of the African Export-Import Bank (Afreximbank) in Abuja, Central Bank of Nigeria (CBN) Governor Olayemi…
Yelwata: Killing of over 200 Christians in Benue shocking – Mexican Bishops
In the wake of a horrific massacre that claimed the lives of over 200 Christians in Yelwata, Guma Local Government…
Statisense Launches “Immortal AI” to Revolutionize Africa’s Data Intelligence Landscape
Statisense, Nigeria’s leading data intelligence firm, has unveiled Immortal AI, a transformative platform aimed at unlocking the vast potential of…
Ghana’s Business Confidence Rebounds Under Mahama’s Macroeconomic Stability – Michael Kottoh
During a panel discussion on Channel One TV, Michael Kottoh, Managing Partner at advisory firm Konfidants, highlighted growing optimism among…
Nigeria Leads AI Innovation at Dubai Forum: A Bold Step for Global Tech Diplomacy
Nigeria made a powerful statement at the Dubai AI Week 2025, underscoring its rising influence in the global digital economy.…
BoG Injects $20M to Support 11 BDCs, Stabilize Cedi and Fuel Supply-GHANA
In a bid to steady the cedi and keep fuel prices in check, the Bank of Ghana (BoG) has pumped…
Nigeria Ranks 105th Globally in 5G/4G Network Index, 9th in Africa
Nigeria has ranked 105th globally and 9th in Africa on the Opensignal Global Network Excellence Index, which evaluates mobile network…
Ghana’s Inflation Set to Ease Further in April, Analysts Predict
Inflation in Ghana is expected to continue its downward trend in April 2025, with market analysts projecting a further decrease…
AEW 2025 Sets Stage for Africa’s $43bn Energy Boom, Focuses on Transition and Investment
The African Energy Week (AEW) has officially launched its 2025 conference, marking a pivotal moment in Africa’s energy future. Capital…
Ghana Economists Urge Swift Action for IMF’s $370 Million Approval Amid Economic Challenges
Economists in Ghana are urging the government to expedite efforts in securing the necessary assurances from the International Monetary Fund…
African Trade Ministers to Address Trump’s Tariff Threat
African Trade Ministers from across the continent are convening on Monday, April 14, 2025, to discuss the newly announced tariffs…
5G Could Add $26 Billion to Africa’s GDP by 2030, Says GSMA
Africa is at the early stages of adopting fifth-generation (5G) mobile technology, but its economic potential is already making waves.…
Google’s James Manyika Highlights AI’s Potential for Transforming Africa’s Future
James Manyika, Google’s Senior Vice President for Research, Labs, Technology & Society, has outlined key areas where Artificial Intelligence (AI)…
Nigeria Can Withstand U.S. Tariff Hike with Strategic Reforms – Trade Leader
The Vice President of National and International Affairs for the West African Cross Border Traders group, Salami Nasiru Alasoadua, has…
GRA Exceeds Q1 Tax Revenue Target, Collects GH₵41bn
The Ghana Revenue Authority (GRA) has announced an impressive performance in the first quarter of the year, surpassing its tax…
Adesina Advocates for Stronger Global Partnerships to Boost African Economic Growth
Dr. Akinwumi Adesina, President of the African Development Bank Group, emphasized the importance of fostering global alliances to enhance economic…
IMF Warns of Increased Funding Requests from Africa Amid U.S. Tariff Fallout
The International Monetary Fund (IMF) is bracing for an influx of funding requests from African nations, as the economic consequences…
Africa’s $60 Billion AI Bet: Ambitious but Lags Behind Global Rivals
Africa has set an ambitious goal with a $60 billion investment into Artificial Intelligence (AI) development, representing 2.2% of the…
AfDB President Adesina Calls for Stronger Global Financial Ties with Africa to Drive Economic Growth
Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), has called for stronger collaboration between international financial hubs and…
AGI Warns Against ECG’s Non-Compliance with Local Content Laws in Cable Imports
The Association of Ghana Industries (AGI) has raised concerns about the Electricity Company of Ghana’s (ECG) continued importation of electrical…
Bank of Ghana Engages Traders to Reaffirm Commitment to Economic Stability
The Bank of Ghana (BoG) recently met with the Ghana Union of Traders Association (GUTA) to reaffirm its commitment to…
Bank of Ghana to Auction $120 Million to BDCs in Q2 of 2025 to Ease Forex Pressure
The Bank of Ghana (BoG) has announced plans to auction a total of $120 million to Bulk Oil Distribution Companies…
Ghana’s Inflation Rate Slows to 22.4% in March 2025
Ghana’s inflation rate showed signs of moderation in March 2025, easing to 22.4% from 23.1% in February. This marks a…
IMF Begins Fourth Review Mission in Ghana Amid Economic Reforms
The International Monetary Fund (IMF) has launched its fourth review mission in Ghana under the country’s Extended Credit Facility (ECF)…
PMI Global Summit Series Africa Returns to Rwanda in 2025 with Focus on Innovation and Youth Development
The PMI Global Summit Series Africa 2025 is set to take place in Kigali, Rwanda, from August 19 to 21,…