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Category: Markets

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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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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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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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Cameroon’s Public Debt Declines But External Exposure Grows
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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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Kenya Moves to Broaden Money Laundering Oversight in Exit Bid
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Namibia’s GDP Growth Slows to 3.7% in 2024
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Ethiopia Secures Preliminary Deal With Official Creditors in Debt Talks
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Benin Tightens Grip on Borrowing Costs After Strong Bond Demand
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Senegal Raises Tobacco Tax in Push for Fiscal Reform
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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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South Africa Holds Interest Rate as Inflation Remains Steady
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Gabon Settles $29.6M in World Bank Arrears Amid Debt Pressures
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Côte d’Ivoire Raises $244M in Latest Bond Auction Amid Rising Yields
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Tinubu’s Emergency Rule in Rivers Sparks Constitutional Backlash
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IMF Approves $496M for Morocco Under Resilience and Sustainability Facility
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Tinubu Suspends Rivers State Governor In State Of Emergency Address
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Dakar, Senegal. 13th Mar, 2025. A view of the western corniche in Dakar, Senegal, on March 14, 2025. The ever-expanding Senegalese capital faces numerous challenges in terms of urbanization
Senegal Raises Over $60M Amid Budget Turbulence
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Morocco’s Central Bank Cuts Rates Again to Spur Growth
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Senegal’s Amnesty Law Interpretation Sparks Political Rift
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Côte d'Ivoire Secures Record-Breaking $740M Bond on WAEMU Market
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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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 ATHIOPIEN, Tigray, Mekelle, Mahnmal und Gedenkstatte
Eritrea-Ethiopia Tensions Mount Amid Tigray Unrest
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Ghana Plans Windfall Tax on Mining as Gold Prices Hit Record High
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220223 -- CAPE TOWN, Feb. 23, 2022 -- South Africa s Minister of Finance Enoch Godongwana delivers the budget speech at the parliament in Cape Town, South Africa, on Feb. 23, 2022
South Africa’s Budget Battle Deepens as Coalition Divisions Widen
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Yaounde pinned on a map of Africa
Cameroon Secures $119 Million in Additional IMF Funding Amid Debt Concerns
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Bonny oIl terminal, oil storage tanks and facilty at Bonny, Bonny River, Nigeria
History of Strife Among Nigeria's Energy Players Haunts Crucial Policy Talks
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Mozambique’s Inflation Rises Amid Food and Restaurant Price Hikes
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KCB Group Doubles Dividend as Profit Surges 65%
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South Africa’s Finance Minister Tables Budget After Delays
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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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Tanzania’s Inflation Edges Higher in February as Food Prices Climb
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Rwanda’s Inflation Rises as Western Aid Cuts Take Hold
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Ghana Seeks to Bridge ECOWAS-Sahel Divide as Mahama Concludes Diplomatic Tour
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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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Young Nigerian people using technology at Social Media Week business conference in Lagos Nigeria
Nigerian Business Confidence Strengthens for Second Consecutive Month
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Zambia's Manufacturers Warn of Tax Burden as Treasury Revises Rates
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Nigeria Expands Refining Capacity with Three New Licenses
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Nigeria Targets 7% Growth as It Joins EBRD to Attract Investment
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Seychelles Slips Into Deflation as Consumer Prices Drop in February
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Ruto and Odinga Strike Power-Sharing Deal Ahead of 2027 Election
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Namibia’s Inflation Cools in February Amid Lower Transport and Alcohol Costs
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Ethiopia’s Commercial Bank Raises Loan Interest Rates 
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Namibia’s Export Revenue Drops 15% in January Amid Trade Deficit Widening
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Cameroon’s SDF Picks Joshua Osih as Presidential Candidate, Unveils Economic Agenda
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A newly constructed road lead from the airport to the city centre of Abuja, Nigeria, 02 November 2012
Nigeria’s Private Sector Growth Accelerates to 13-Month High
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Newcore Gold Secures $15 Million to Expand Ghana Drilling Programme
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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 in Talks With World Bank for $250 Million Financial Stability Project
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Côte d'Ivoire Grapples With Challenges in Cocoa Sector
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CEMAC Misses Foreign Reserves Target as IMF Warns of Economic Uncertainty
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Ghana’s COCOBOD Faces $1.34 Billion Loss Amid Cocoa Production Decline
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Cameroon’s Inflation Declines for the First Time in 12 Months
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Côte d'Ivoire Grants New Permits for Gold Exploration
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Johannesburg, South Africa. 21st Feb, 2025
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’s GDP Expands 3.8% in Q4 2024, Driven by Services Sector
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Nigeria Strikes New Deal to Expand Oil and Gas Shipping
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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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Ethiopia’s Central Bank Holds Special Foreign Exchange Auction
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Nigeria Seeks N350 Billion in Bond Auction Amid Fiscal Gap Funding
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Gabon’s Public Debt Drops to 54% of GDP, Officials Say
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World Bank Urges Zambia to Strengthen Private Sector Investment Policies
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IFC to Invest $600 Million in Ghana’s Private Sector to Boost Jobs and Growth
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Bawumia Slams Mahama Over Public Sector Dismissals, Calls for Job Creation
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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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Nigeria Auctions N700 Billion Treasury Bills After Inflation Data Overhaul
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211111 -- CAPE TOWN, Nov. 11, 2021 -- South Africa s Minister of Finance Enoch Godongwana presents the Medium Term Budget Policy Statement MTBPS at the parliament in Cape Town, South Africa, on Nov. 11, 2021
South Africa Postpones Budget Speech Amid Political Deadlock
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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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Côte d'Ivoire to Raise $6 Billion for Energy Sector Modernisation
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Senegal Eyes Diaspora Bond to Tap $2.5 Billion in Remittances
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Nigeria’s Inflation Slows After Data Rebase, Easing Rate Hike Pressure
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Mahama Declares Assets, Sets March 31 Deadline for Appointees
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Morocco’s Growth Boosts Living Standards, But Inequality Widens
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Ghana Probes Power Sector Corruption Amid Procurement Scandal
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Ghana to Pay GH¢4.28 Billion in Coupon Payments on February 18
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Tunisia’s Economy Expands as Debt Pressures Mount
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Congo To Open New Oil Licensing Round to Boost Investment
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Nigeria’s Consumer Confidence Improves as Inflation Nears Peak
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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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Côte d'Ivoire Plans Domestic Debt Rescheduling for 2025
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Tanzania’s Inflation Holds Steady at 3.1% as Food Prices Edge Up
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Kenya Approves $32.5 Billion Budget, Eyes Tax Hikes and Borrowing
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African Cocoa Farmers Push for Sustainability as EU Rules Tighten
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IMF says Ethiopia’s G20 debt restructuring is in its final stages
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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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Seychelles Inflation Drops to Three-Month Low
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Kenya Gives Banks More Time to Meet Core Capital Requirements
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South African President Cyril Ramaphosa during an expanded format meeting on the second day of the BRICS Summit July 27, 2018 in Johannesburg, South Africa
South Africa Targets 3% Economic Growth with Major Infrastructure Push
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Experts Back Bank of Ghana Governor Asiama Amid Opposition Criticism
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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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Namibia’s Inflation Eases to 3.2% in January
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Egypt Secures $100 Million Islamic Bank Financing to Boost Private Sector Growth
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Rwanda’s Producer Prices Rise in December Following Inflationary Pressures
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United States President Donald Trump signs two executive orders in the Oval Office of the White House in Washington, DC on Thursday, January 30, 2025. The first order formally commissioned Christopher Rocheleau as deputy administrator of the FAA
Trump’s Aid Suspension Threat Shakes South African Rand
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Nigeria Offers Two Savings Bonds Amid High Inflation
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Ghana’s Inflation Declines for First Time in Five Months
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Asiamah's Policy Priorities as He Prepares to Lead Bank of Ghana
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Morocco’s Producer Prices Decline in December Amidst Stable Inflation
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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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Nigerian Inflation Expectations Mixed as Businesses and Households Weigh Economic Pressures
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Senegal Targets $7.3 Billion in Debt Markets Amid Fiscal Challenges
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Tullow Oil Expands Exploration to Gabon in Diversification Drive
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South Africa Cuts Interest Rates as Inflation Stabilises
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Nigeria’s Refining Push Gains Momentum with New License Award
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Nigerian Banks Face Rising Loan Defaults, CBN Reports
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Ethiopia’s Growth Surpasses IMF Forecasts as Reforms Gain Momentum
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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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Namibia to Raise N$1.36 Billion in Treasury Bills Auction
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Burkina Faso Records Third Straight Annual Decline in Gold Production
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World Bank Approves $1.6 Billion for West Africa Electricity Market
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Nigeria Awards 10 Gas Distribution Licenses to Boost Electricity Access
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Angola to Sell 4 Gigawatts
Africa’s Energy Compact Targets Electricity Access for 300 Million
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Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
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Barrick Gold’s Lumwana Expansion to Double Copper Output by 2028
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Ethiopia’s Manufacturing Sector Sees Surge in Financing Amid Reforms
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Nigeria’s Business Activity Returns to Growth in December
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Kazan, Russia. 23rd Oct, 2024. South African President Cyril Ramaphosa listens to speakers during a limited attendance meeting of BRICS leaders during the 16th BRICS summit at the Kazan Kremlin, October 23, 2024 in Kazan, Tatarstan, Russia
South Africa’s Unity Government Faces Rift Over Land Expropriation Law
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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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