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Category: Business

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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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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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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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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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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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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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South Africa’s GDP Contracts by 0.3% in Third Quarter
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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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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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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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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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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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Dangote Refinery, Nigerian Petrol Marketers, Strike Accord on Distribution
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Mali Detains Executives from Australia’s Resolute Mining Amid Rising Tensions with Western Miners
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Dubai’s DIFC Completes $700 Million Sukuk Repayment on Schedule
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Kenya’s Forex Reserves Surge to Record $9.32 Billion Following IMF Boost
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Gabon Issues Oil Permits to Boost Declining Production
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Nigeria Orders Urgent Overhaul of Power Sector to Halt Grid Collapses
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Safaricom Boosts Ethiopia Investment by Ksh7 Billion to Offset Currency Losses
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ARISE IIP and Afreximbank Lead $5 Billion Push for Africa’s Cotton Industry Revival
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Angola to Grant Nine New Oil Concessions in Push to Boost Production
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Senegalese President Bassirou Diomaye Faye. © dpa picture alliance / Alamy Stock Photo
Senegal and Turkey Set Ambitious $1 Billion Trade Goal in Landmark Deal
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Ghana’s Half-Year Petroleum Revenue Surges to Record High
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Senegal to Renegotiate Canceled $750M Deal with Saudi Power Giant
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Nigeria Launches High-Yield Savings Bonds Amid Inflation and Rising Interest Rates
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MTN Nigeria Launches New Commercial Paper Notes to Raise $30 Million
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Ghana’s Cocoa Farmers Demand Subsidised Agrochemical Supplies
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J.P. Morgan Invests $300M in Senegal's Oil-Driven Economic Transformation
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Angola's Mid-Year Financial Report Reveals Surplus Amid Inflation Surge and Declining Oil Production
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Ethiopia’s Central Bank Launches Interbank Money Market to Boost Financial Stability
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Nigeria Launches Nine-Month Dollar Disclosure Scheme to Boost Economy
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Asante Gold Unveils $525 Million Financing to Boost Production at Ghana Mines
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Senegal Poised for 9.3% Growth in 2025 Amid Economic Resilience and Oil Boost
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Nigeria’s Fuel War Looms: Dangote Urges NNPC, Marketers to Halt Imports
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Janngo Capital’s Venture Fund Surpasses Target with $78 Million Raised to Support Women-Led Businesses in Africa
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Orange and Mastercard Partner to Boost Digital Payments Across Africa
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South Africa Faces Exodus of Major Companies Amid Business Challenges
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South Africa’s Government of National Unity Sets Economic Revival Goals in Medium-Term Budget
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Nigerian Fintech Moniepoint Raises $110 Million, Nears Unicorn Status
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Kenya Faces Potential Power Rationing Amid Rising Demand and Limited Supply
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Africa Finance Corporation Partners with Saudi Exim Bank to Boost Trade and Investment in Africa
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Nigeria’s Forex Reserves Rise by $3 Billion Amid Policy Shift and Increased Inflows
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IFC and CBN Sign Agreement to Boost Local Currency Financing for Nigerian Businesses
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Kenya’s HF Group Seeks KSh6 Billion Through Rights Issue to Boost Capital
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Starlink Reverses Price Hikes in Nigeria Amid Regulatory Pushback
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Angola’s Q3 Crude Exports Rise, China Remains Key Market
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Cameroon Projects Annual Inflation to Drop Below 4%
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Zambia Eyes Additional IMF Funding to Tackle Climate Resilience
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Atlantic Lithium Secures $6.7M for Ghana’s First Lithium Mine
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Ghana Halts Power Sector Restructuring Amid Strong Opposition
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Cameroon Aims to Broaden Tax Base, Sets 2025 Budget Priorities
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African Eurobond Selloff Extends for Third Day Amid Rising US Treasury Yields
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Saudi Arabia’s FDI Inflows Surge in 2023, But 2024 Targets Face Challenges
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Nairobi's Suburb Housing Prices Defy Economic Challenges
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Endeavour Mining Launches Production at Côte d'Ivoire’s Lafigué Mine
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UAE Showcases Food Manufacturing Achievements at SIAL Paris 2024
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Zambia's Private Sector Alarmed by IMF’s GDP Downgrade to 1.2% for 2024
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Seplat Energy Gains by Daily Limit as Nigeria Approves ExxonMobil Asset Divestment
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Nigeria Seeks Investor Interest in Assets Ahead of Potential Bond Issuance
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South Africa Eyes Nuclear Power Amid Ongoing Energy Security Challenges
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Okomu Oil Palm Plc Sees 68% Profit Drop After Militant Attacks on Facilities
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Kenya to Begin Deregistering Firms Hiding Beneficial Owners
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Gasoline Shipments to Nigeria Plunge Amid Local Refining Surge
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Middle Eastern Sustainability Bond Issuance Reaches $16.7 Billion in First Nine Months of 2024
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Ethiopia’s National Bank Introduces Changes to Foreign Exchange Policy
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Oman’s Trade Surplus Reaches RO 4.3 Billion by July 2024, Boosted by Hydrocarbon Exports
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Dynacor to Invest in Artisanal Gold Mining in Senegal
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Crude Oil Production Soars 83.6% in Côte d'Ivoire Amid Major Oil Discovery
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IMF Raises Concerns Over Kenya’s $1.5 Billion Loan from UAE
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Angola Announces New Foreign Currency Debt Issuance
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Burkina Faso Adjusts 2024 Budget Amid Revenue Shortfalls and Spending Cuts
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Kenya Plans New Switch Bonds and Debt Buybacks to Ease Budget Pressure
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Angola’s Debt to China Declines as Trade Relations Strengthen
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Ghana’s Cocoa Sector Suffers as Smuggling Hits 120,000 Metric Tons
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Adani Group Seeks Tariff Hike After Securing $736 Million Deal with KETRACO
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Nigeria’s Inflation Surges to 32.7% in September on Rising Fuel Costs
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Saudi Arabia’s PIF Allocates $19.4 Billion to Green Projects Amid Sustainability Push
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Nigerian Telecoms Protest Starlink Price Hike Amid Market Tensions
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