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Category: Business

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Côte d’Ivoire Inflation Slows to 0.5 %, a Five‑Year Low
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Egypt Cuts Key Rates by 225 Basis Points, Opening a Long‑Awaited Easing Cycl
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Contract Impasse Halts $650 Million Temane Gas Plant in Mozambique
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AFC Pledges €900 Million to Fast‑Track Senegal’s Vision 2050
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China’s Zijin Mining seals $1bn acquisition of Ghana’s Akyem Gold Mine in global expansion push
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Ghana Unveils Sweeping VAT Overhaul as Part of IMF-Backed Fiscal Reforms
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Tanzania Reopens 12.5% Two-Year Treasury Bond to Raise $28.77 Million
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Sonko Hails $700M Bond Windfall, But Questions Linger Over Senegal's Sustainability
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Kenya Reopens Doors to New Banks After 10-Year Freeze, Raising Capital Bar for Entrants
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WAEMU Growth Seen at 6.5% in Q2 2025, But Construction Sector Drag Deepens
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Nigeria Slashes Petrol Imports as Local Refining Capacity Surges
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Tensions mount in Ghana as Gold Fields lease rejection threatens over 1,000 jobs
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Nigeria’s Inflation Resumes Upward Climb, Clouding Outlook for Rate Cuts and 2025 Budget Goals
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Ghana Moves to De-Risk Oil and Gas Investment with New Licensing Reforms
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Ghana’s Gold Trade Ban on Foreigners Sparks Applause — and Questions About Execution
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Senegal Targets $2 Billion in 2025 Financing as Sonko Eyes IMF Deal and Sukuk Revival
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Niger debt faces market test as BCEAO ends regulatory shield
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Militant Group Claims Pipeline Attacks in Niger Delta, Escalating Political Tensions
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Toyota Eyes Namibia’s Green Hydrogen Iron for Asian and South African Steel Mills
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East Africa Launches Unified Stock Index Covering 85% of Regional Market
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Niger Misses Debt Sale Target as Liquidity Pressures Mount
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Tanzania Secures Trade Finance Boost to Support SMEs and Stabilise Currency
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Senegal’s Energy Minister Cautions Against ‘Magical Thinking’ on Oil Wealth
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Burkina Faso Faces Rising Yields as Investor Caution Grows Over Fiscal Risks
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Côte d’Ivoire Secures IMF Staff-Level Deal, Eyes $740 Million Disbursement
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U.S. bill Targets IMF Support to CEMAC Over Disputed FX Reserves
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Nigeria’s Current Account Surplus Nearly Triples to $17.22 Billion in 2024
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Mozambique’s Economy Contracts 4.87% as Protests and Storms Batter Growth
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Tanzania Inflation Hits 12-Month High as Food and Energy Costs Climb
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Ivory Coast raises $260m in first post-Eurobond local sale
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Namibia’s Annual Inflation Falls but Price Pressures Persist
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Mozambique’s Domestic Debt Hits Record as Moody’s and S&P Sound the Alarm
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Kenya Cuts Key Rate as Credit Growth Remains Sluggish
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Senegal Begins Paying Domestic Arrears as IMF Freeze Raises Stakes
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West Africa’s Silent Monetary Tightening Forces Banks to Hoard Liquidity
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West Africa’s UEMOA Forecasts 6.3% GDP Growth in 2025 Amid Improved Trade
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Kenya’s Private Sector Rebounds, but Outlook Weakest in a Decade
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Central African States Boost FX Reserves but Regional Imbalances Persist
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Benin Caps Debt Issuance Despite Strong Investor Demand
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Senegal’s Economy Surges 11.6% on Oil Production Boost
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Congo Targets 63% Debt Reduction as IMF Warns of Distress
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Mozambique Fuel Shortage Worsens as Currency Crunch Hits Imports
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Nigeria's CBN Says Foreign Exchange Reserve Grew By $20B in 2024 Amidst Naira's Weak Performance
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Tinubu Reshapes NNPC Leadership in Push for Oil Sector Reform
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Côte d’Ivoire Lifts Cocoa Farmgate Price as Election Nears
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Ghana Abolishes E-Levy and Betting Tax in Major Fiscal Policy Shift
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Ghana Opens IMF Fourth Review Talks as Deficit Overshoots Target
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Côte d’Ivoire cuts fuel prices ahead of elections, raising fiscal questions
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Nigeria’s Private Sector Expands for Fourth Straight Month
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Ghana’s Treasury Bill Sale Misses Target Again as Investor Caution Grows
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Ghana Maintains Hawkish Stance as Central Bank Lifts Policy Rate to 28%
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Ghana Hikes Benchmark Rate by 100 Basis Points to Tame Inflation
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ABACAPRESS
Senegal Returning to Regional Market With $245 Million Bond Offering
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Gabon Creates Independent Debt Fund to Regain Investor Confidence
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Kenyan Banks Face Ksh78.7bn Exposure to State-Owned Firms’ Non-Guaranteed Debt
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Nigeria’s Lawmakers Propose Shared Control of Natural Resources
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Burkina Faso Raises $63m Days After Ordering Bank Deposit Seizures
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Allen Dreyfus
Côte d’Ivoire Issues First CFA Eurobond in Landmark Deal
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Equity Group Leans on Regional Units as Kenya Market Softens
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Mozambique Cuts Key Rate to 11.75% Despite Inflation Uptick
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Congo to Roll Out New Gas Code in Bid to Boost Output
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Sabotage Sparks New Fire on Gas Pipeline in Nigeria’s Niger Delta
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Ghana Expected to Hike Interest Rate as Inflation Pressures Mount
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WAEMU Plans $4.3 Billion Debt Sale as Yields Stay Elevated
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Namibia’s GDP Growth Slows to 3.7% in 2024
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Zambia Courts Investors to Tackle Power Deficit
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Kenya Seeks $541.4m from Treasury Bonds as Liquidity Eases
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Tinubu’s Emergency Rule in Rivers Sparks Constitutional Backlash
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Morocco’s Central Bank Cuts Rates Again to Spur Growth
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Nigeria’s Inflation Slows as CPI Overhaul Alters Price Dynamics
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Kenya Targets November 2025 for New IMF Loan Deal
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Ghana’s Gold Wealth Needs a Strategic Shift
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Nigeria: environmental pollution by burning off gas from the oil production in the Niger delta Ogoniland
Nigeria Risks Oil Disruption Amid Political Crisis in Key Producing State
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Ghana Plans Windfall Tax on Mining as Gold Prices Hit Record High
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Kenya Eyes IMF Deal to Expand External Borrowing in 2025/26 Budget
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African Ministers Seek to Leverage AfCFTA for Stronger Trade Amid Global Headwinds
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Nigerian Commercial Paper Yields Decline on Rate Cut Expectations
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Ghana Increases Mining Levies and Reopens Domestic Bond Market
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The captain of a small gunboat navigates down the Bonny River as smoke billows from a illegal refinery on fire, Rivers State, Nigeria
Political Rift in Nigeria’s Oil Hub Threatens 2025 Budget
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Zambia's Manufacturers Warn of Tax Burden as Treasury Revises Rates
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Nigeria Targets 7% Growth as It Joins EBRD to Attract Investment
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Allen Dreyfus
Nigeria Offers Two- and Three-Year Bonds at Lower Yields
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Tinubu Signs Nigeria’s 2025 Budget Into Law
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Ghana’s COCOBOD Faces $1.34 Billion Loss Amid Cocoa Production Decline
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South Africa Calls on G20 to Implement Global Minimum Tax for Developing Nations
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Person holding smartphone with webpage of South African telecommunications company MTN Group Limited with logo. Focus on center of phone display
MTN Fintech Partners With Network International to Expand Digital Payments
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Ghana’s Central Bank Chief Outlines Strategy to Stabilise Economy
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Nigeria Raises ₦1.63 Trillion in Oversubscribed Bond Auction
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Nigeria’s Senate President Backs Controversial Tax Reforms
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World Bank Urges Zambia to Strengthen Private Sector Investment Policies
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Early Rains Boost Nigeria’s Cocoa Crop Outlook for 2024-25
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Ghana’s Central Bank Tightens Oversight with $6.65 Billion Remittance Audit
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TotalEnergies Exits Burkina Faso After 71 Years, Sells Assets to Coris Investment
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Kenya Airways Exploring State Support for Fleet Expansion
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Zambia Suspends 15% Duty on Precious Minerals After Industry Pushback
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Nigeria’s Inflation Slows After Data Rebase, Easing Rate Hike Pressure
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Ghana to Pay GH¢4.28 Billion in Coupon Payments on February 18
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Namibia Cuts Key Rate to 6.75% as Inflation Moderates
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Zambia’s Central Bank Raises Policy Rate to 14.5% to Tackle Inflation
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African Cocoa Farmers Push for Sustainability as EU Rules Tighten
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Rwanda Inflation Slows, but Conflict in Congo Poses Economic Risks
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Egypt’s Inflation Cools for Third Consecutive Month
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Cellphone with webpage of African bank Ecobank Transnational Inc. on screen in front of business logo. Focus on center of phone display
Ecobank Partners With XTransfer to Enable African Businesses to Pay for Chinese Imports in Local Currency
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Egypt Secures $100 Million Islamic Bank Financing to Boost Private Sector Growth
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Ghana’s Inflation Declines for First Time in Five Months
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Ghana Names Asiamah as Central Bank Governor as Addison Retires
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Nigeria Rebuilding Investor Confidence After FX Crisis
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Tullow Oil Expands Exploration to Gabon in Diversification Drive
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Nigerian Banks Face Rising Loan Defaults, CBN Reports
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Kenyan Banks Face Profit Risks as DRC Crisis Escalates
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ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
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Ghana Finalises Key Phase of Debt Restructuring with Official Creditors
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Domestic Investors Drive Nigeria’s 2024 Stock Market Surge
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Africa Guarantee Fund’s $5 Billion Facility to Spur Continental Energy Access
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World Bank Approves $1.6 Billion for West Africa Electricity Market
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Barrick Gold’s Lumwana Expansion to Double Copper Output by 2028
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Nigeria to Issue 450 Billion Naira in Bonds on January 27
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IMF Delegation to Visit Ghana for Economic Discussions
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Angola Eyes $5.7 Billion Windfall from New Offshore Oil Project
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Mozambique Mining Sector Faces Rising Attacks Following Election Unrest
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Zambia’s Copper Output Rises 12% in 2024 as Mining Investments Surge
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Ghana Appoints New COCOBOD CEO Amid Sector Challenges
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Naira Recovery Boosts Confidence in Tinubu's Economic Reforms
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Ghana's Mining Sector Faces Investment Risks Following Growing Unrest
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Zambia Nears Completion of Debt Restructuring as Inflation Outlook Improves
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Kenya Eyes Diaspora Market with Local Currency Bond Debut
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Washington, United States. 20th Jan, 2025. WASHINGTON, DC - JANUARY 20: President Donald Trump cuts a cake at the Commander-in-Chief Ball on January 20, 2025 in Washington, DC
Trump’s Africa Policy May Evolve From Neglect to Deals
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Nigerian Telecom Users Face Higher Costs as Regulator Approves 50% Tariff Hike
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Aerial photograph of Lagos, Nigeria. Lagos is located in south west Nigeria on the Gulf of Guinea coast
Nigeria Targets Up to 1.8 Trillion Naira in Bond Sales for Q1 2025
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Burkina Faso’s Exports Surge 25.1% in 2024
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Benin’s $500 Million Eurobond Sale Draws Strong Investor Demand
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Africa Finance Corporation $500 Million Hybrid Bond Oversubscribed by 150%
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Nigeria’s Inflation Hits 34.8% as Food Prices and Seasonal Demand Bite
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Zambia, DRC Seek Solutions to Ease Kasumbalesa Border Congestion
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Kenyan Lending Rates Rise Despite Central Bank Efforts
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Ghana’s Inflation Hits 23.8%, Surpassing Central Bank Projections
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Kenyan Private Sector Faces Dim Prospects Amid Rising Taxes and Sluggish Growth
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Nigeria Hikes Withholding Tax for Foreign Investors, Lowers It for Locals
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Ghana Readies for Mahama’s Inauguration
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Mozambique Protests Spark Debt Default Fears
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Angola’s External Borrowing Grows to $2.4 Billion Amid Calls for Caution
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Ghana Upholds $346M Eurobond Payment Amid Economic Recovery Efforts
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Tullow Oil Triumphs in $320M Tax Arbitration Against Ghana
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Nigeria’s New Securities Law to Usher in Virtual Asset Trading and Enhanced Investor Protections
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Kagem Mine Suspension Raises Concerns for Zambia’s Economy
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Nigeria to Defer Domestic Debt Payments in 2025 Amid Fiscal Strains
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Zambian Parliament Green-lights $108 Million AfDB Loan to Bolster 2025 Budget
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Kenya-Tanzania Power Deal Sets Record for Import Costs
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Kenya Extends Controversial Oil Import Deal to Avoid Forex Crisis
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Nigeria’s Inflation Hits 34.6% in November Amid Year-End Price Surge
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Ethiopia’s Central Bank to Ease Loan Growth Restrictions
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Nigeria Looks to Lithium to Revive Mining and Boost Revenue
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Allen Dreyfus
Kenya’s Central Bank Cuts Base Rate Again to Boost Lending
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Senegal’s Trade Deficit Narrows by 70% on Export Boom
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Biden’s Angola Visit Highlights $4 Billion Lobito Corridor Investment
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Nigeria’s $2.2 Billion Eurobond Sale Highlights Fiscal Challenges
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Biden Announces $1 Billion Food Security Funding During Historic Angola Visit
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Allen Dreyfus
South Africa’s GDP Contracts by 0.3% in Third Quarter
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Allen Dreyfus
Angola Strengthens Ties with Africa's Trade and Development Bank
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Cameroon Tables $11.73 Billion 2025 Budget Amid Global Challenges
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Atlantic Lithium Cuts Operations as Ghanaian Mining Lease Delays Persist
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Allen Dreyfus
Kenyan Banks Urge Larger Rate Cut to Revive Private Sector Lending
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Nigerian Cocoa Farmers Push for Return of Regulatory Boards
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Zambia’s Capital Markets Surge Despite Economic Challenges
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Côte d’Ivoire Strikes Second 'World-Class' Gold Deposit This Year
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Allen Dreyfus
Angolan Eurobonds Plunge Following IMF Negotiation Denial
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Cameroon Secures €38.1 Million AFREXIMBANK Loan for Rural Solar Electrification
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Allen Dreyfus
Burkina Faso’s PM Urges Businesses to Relinquish Claims as Patriotic Gesture
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Côte d’Ivoire to Allocate $6.6 Billion for Debt Servicing in 2025
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Nigeria Restarts Port Harcourt Refinery After Five-Year Shutdown
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Kuwait Unveils Real Estate Broker E-System to Modernise Property Transactions
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Nigeria’s GDP Grows by 3.46% in Q3, Driven by Services Sector
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Nigeria’s Central Bank Faces Pressure to Hike Interest Rates Again
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Kenya’s Central Bank Proposes New Rules to Strengthen Bank Liquidity and Stability
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Ghana’s Sovereign Wealth Fund Targets Stake in Canadian Miner
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Côte d’Ivoire Secures $137M as Rising Borrowing Costs Test Regional Markets
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Gabon’s $290M Eurobond Buyback Sparks Debate Over Debt Strategy
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Nigerian Cocoa Harvest. © Unsplash
Nigeria’s Cocoa Harvest Set to Rise 7% in 2024-25 Season
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Ruto Cancels Adani Group Deals Following US Fraud Indictment
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South Africa Cuts Interest Rate to 7.75% Amid Improving Economic Conditions
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COCOBOD Rejects Claims Linking Ghanaian Cocoa to Contamination
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Nigeria’s Lawmakers Mandate N500 Billion Recapitalisation for Power Firms
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Angola’s Economic Forecasts Draw Praise and Scrutiny
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Ghana Commissions $1.2 Billion Power Plant to Boost Energy Stability
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BoG Intensifies FX Liquidity Measures Amid Year-End Dollar Demand Pressures
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Ghana’s NDC Boycotts Emergency Parliament Sessions, Risking Mining Deals
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Ghana Considers Cutting State Stake in Oil Exploration to Attract Investment
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Kenya's unclaimed financial assets swell to $580m
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Kuwait Poised to Lead Gulf Region in Current Account Surplus
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Nigeria’s Inflation Rises to 33.88%, Fueling Cost-of-Living Crisis
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Ghana’s Jospong Group Secures $400 Million from Afreximbank for Waste and Rice Projects
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Ghana’s Treasury Bill Issuance Faces Legal Hurdle Amid Parliamentary Standoff
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Nigeria to Raise $2.2 Billion in Bonds to Fund 2025 Budget
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Afreximbank Raises $530 Million with Debut Samurai Bonds
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IMF Approves $32 Million in Funding for Burkina Faso Amid Economic Challenges
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Nigeria Surpasses 1.8 Million bpd Oil Output, Exceeding OPEC Quota
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Angola’s $1.3 Billion Credit Boost for Essential Goods Spurs Call for Agro-Industrial Investments
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Senegal to Renegotiate 27 Mining Contracts Amid Investor Concerns
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Zambia Hikes Policy Rate to 14% as Inflation Remains High
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Tanzania Eyes $9 Billion in Private Investment for Mega Projects Through PPPs
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