Ghana’s Treasury Bill Yields Hit 20-Month Low Amid Fiscal Consolidation Strategy
Treasury bill yields have continued their downward trend, reaching the lowest levels in 20 months, with average rates between 17%…
Category: Africa
2025 Budget Crucial for Ghana’s Economic Recovery, Says Finance Minister Ato Forson
Finance Minister Dr. Cassiel Ato Forson has emphasized the significance of the 2025 Budget in stabilizing Ghana’s fragile economy. During…
Ghana Government Considers Listing State-Owned Enterprises on Stock Exchange
The Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has confirmed that the Ghanaian government will consider the possibility of…
Africa Strengthens Cybersecurity with Stricter Data Protection Laws
In a significant move toward enhancing data security, 39 out of 55 African nations have now enacted data protection laws,…
Customs Revenue Increases By 94% At Lagos Airport, Generates N144.2bn
The Murtala Muhammed Airport Command of the Nigeria Customs Service (NCS) reported a remarkable 94% increase in revenue generation for…
Nigeria’s Used Car Imports Drop by 83% Due to New Tax
Nigeria’s spending on used vehiclears, fell significantly by 83% in the first half of 2024 compared to the same period…
South African Rand Appreciates by 11% Amid Economic Recovery
As of September 25, 2024, the South African Rand (ZAR) has risen by 11% against the US dollar since February,…
Ivory Coast becomes Nigeria’s biggest trade partner in Africa after N2.05 trillion crude oil imports
Ivory Coast has become Nigeria’s largest trade partner in Africa by importing N2.05 trillion worth of crude oil in the…
Upper West, Upper East, record highest food and non-inflation rates
In August 2024, Ghana’s Upper West and Upper East regions recorded the highest inflation rates, with food inflation at 41.5%…
Cement retailers commend govt for passage of price regulation LI
Cement retailers in Ghana have expressed support for the new Legislative Instrument (LI) aimed at stabilizing cement prices. Retailers believe…
Banks begin charging up $20 as fees on foreign currency accounts
Several commercial banks in Ghana have reintroduced charges on foreign exchange accounts, with fees reaching up to $20 depending on…
T-bills target missed for 9th consecutive time; auction falls by GH₵755m
This week, the Ghanaian government fell short of its money market auction target by GH₵755 million, securing GH₵4.89 billion out…
Secured Loans surge to Gh¢10.8bn in Q2 2024
In the second quarter of 2024, the total value of secured loans granted by banks and Specialized Deposit-Taking Institutions (SDIs)…
Sub-Saharan Africa to make 25% of global workforce – Report
Shareholders of PZ Cussons Nigeria are pushing back against the company’s plan to delist from the Nigerian Exchange (NGX), despite…
Sub-Saharan Africa to make 25% of global workforce – Report
A new report from Bridgewater Associates, Global Citizen, and Harith General Partners reveals that Sub-Saharan Africa will contribute about 25%…
Nigerian oil grades maintain premium status, Cast light on economy
Nigeria’s Brass River, Bonny Light, and Qua Iboe crude oils have surged above the Brent Crude benchmark due to supply…
Nigeria, Equatorial Guinea sign gas pipeline agreement
On Wednesday in Malabo, Nigeria’s President Bola Tinubu and Equatorial Guinea’s President Teodoro Mbasogo signed an agreement for the Gulf…
United Capital supports first $1.4m corporate bond in S’Leone
United Capital Group has successfully led the issuance of Sierra Leone’s first local currency corporate bond, valued at SLE32 million…
Top mineral resources by African country – EIU
In recent years, the Gulf Cooperation Council (GCC) has increasingly turned its attention to Africa, recognizing the continent’s vast potential…
Gabon President Invites Aliko Dangote to Invest in Cement and Fertilizer
President Brice Oligui Nguema of Gabon has extended an invitation to Aliko Dangote, Africa’s wealthiest individual, to explore investment opportunities…
Protests Erupt in Kenya Over New Tax Increases
Protests have erupted across Kenya following the approval of significant tax increases by lawmakers, which have proven unpopular even among…
Senegal Joins Oil-Producing Countries, Begins Production
Senegal has achieved a historic milestone by officially commencing oil production, thereby joining the ranks of oil-producing countries in West…
Ghana Faces Three-Week Power Interruption Due to Reduced Gas Supply from Nigeria
Ghana’s state-owned electricity company, the Electricity Company of Ghana (ECG), has announced a three-week power interruption due to reduced gas…
Food & Beverage West Africa Show Declared a Huge Success with Over 5,000 Exhibitors
The Food & Beverage West Africa Show, organized by BtoB Event, has been deemed a significant success with a large…
Shelter Afrique Set to Transform into Dynamic Development Bank at 43rd Annual General Meeting
Shelter Afrique Development Bank is set to undergo a significant transformation during its 43rd Annual General Meeting (AGM) in Kigali,…
Global unemployment declines, says ILO
The International Labour Organization (ILO) predicts a small decline in global unemployment for 2024, reaching 4.9% compared to 5.0% in…
Nigeria Overtakes South Africa as Indonesia’s Top African Investment Destination
Nigeria has become Indonesia’s top investment destination in Africa, surpassing South Africa, with a trade balance exceeding $4.7 billion in…
Uganda in Talks with Chinese Firm for $180m Power Transmission Line to South Sudan
Uganda is in discussions with Chinese company Sinohydro Corporation Limited for the development of a $180 million power transmission line…
South Africa’s MTN service revenue falls, lowers capex target
MTN Group, Africa’s largest telecommunications operator, has disclosed an 18.8% decline in its first-quarter service revenue, largely influenced by the…