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Category: Markets

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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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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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Mozambique Mining Sector Faces Rising Attacks Following Election Unrest
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Angola’s Economy Posts Robust Growth in 2024 Amid Inflationary Pressures
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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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Kenyan President William Ruto (L) and Major General Fatuma Gaiti Ahmed (R) the commander of the Kenya Air Force, after inspecting a guard of honor mounted by Kenya Air Force officers upon his arrival at the Parliament building for his annual State of the
Kenya to Merge and Divest State Corporations in IMF-Backed Restructuring
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Nigeria Advances Refining Capacity with New Refinery License
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Naira Recovery Boosts Confidence in Tinubu's Economic Reforms
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230908 -- LIBREVILLE, Sept. 8, 2023 -- This photo taken with a mobile phone on Sept. 7, 2023 shows a city view in Libreville, Gabon. On Aug
Gabon Targets $1.5 Billion on Debt Market in 2025
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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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Senegal Inflation Eases to 0.8% in 2024
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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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Kenya to Phase Out 364-Day Treasury Bills in Debt Strategy Overhaul
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IMF Approves $248 Million Disbursement for Ethiopia Under Reform Agenda
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Côte d’Ivoire Cocoa Farmers Demand Better Prices as Smuggling Surges
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Benin’s $500 Million Eurobond Sale Draws Strong Investor Demand
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Kenya to Halve Foreign Borrowing in 2025 as Domestic Debt Takes Centre Stage
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Nigeria’s New Windfall Tax on Banks Faces Delays and Confusion
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Africa Finance Corporation $500 Million Hybrid Bond Oversubscribed by 150%
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Senegal Plans to Raise $5.7 Billion in 2025 to Bridge Budget Deficit
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Senegal and Mauritania Sign Framework to Manage GTA Gas Project
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Nigeria’s Inflation Hits 34.8% as Food Prices and Seasonal Demand Bite
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Ethiopia Cuts Debt-to-GDP Ratio with Ambitious Economic Reforms
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Maputo, Mozambique. 28th Dec, 2024. Undated - Barricades burn on the streets after the elections in Mozambique
Mozambique’s New President Faces Turbulent Start Amid Opposition Protest
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Asiwaju Bola Ahmed Tinubu, presidential candidate of the All progressive congress (APC), which is Nigeria's ruling party, attends an election campaign ahead of the 2023 Presidential elections in Jos, Plateau state. Nigeria
Nigeria’s GDP Set for Mild Growth Following First Rebase in a Decade
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Asante Gold Unveils Plans for Underground Mining at Bibiani
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Ethiopia Secures 579 Million SDR in IDA Loans for Public and Financial Sector Reforms
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Zambia, DRC Seek Solutions to Ease Kasumbalesa Border Congestion
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Ghana’s New President Dissolves Statutory Boards in Governance Shake-Up
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Côte d'Ivoire Targets $5 Billion in Financing for 2025 Budget
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Wegagen Bank Sets Milestone as Ethiopia's First ESX-Listed Company
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Presco Nigeria’s Landmark Bond Sale Highlights Revival in Corporate Debt Market
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Ethiopia’s Digital Banking Boom Faces Cash Reliance Hurdles
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Kenyan Lending Rates Rise Despite Central Bank Efforts
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Ghana Nominates New Finance Minister to Tackle Debt and Unemployment
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IMF Supports Kenya’s Move to Regulate Cryptocurrency
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Ghana Seeks $90 Million to Prevent Power Crisis
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Angola’s Oil Outlook Casts Doubts on Economic Growth
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Senegal and Mauritania Launch Ambitious Gas Project with Global Impact
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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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Kenya Airways Resumes Trading on NSE After Four-Year Suspension
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Mozambique Protests Spark Debt Default Fears
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Ghana Treasury Auction Surpasses Target Amid Economic Optimism
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Ghana Upholds $346M Eurobond Payment Amid Economic Recovery Efforts
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Nigeria’s Eurobond Debt Climbs to $17.45 Billion Amid New Borrowing Spree
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Tullow Oil Triumphs in $320M Tax Arbitration Against Ghana
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Ethiopia Eases Credit Growth Limits to Spur Economic Expansion
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Nigeria’s New Securities Law to Usher in Virtual Asset Trading and Enhanced Investor Protections
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Inflation, Debt, and Growth: Africa’s Economic Outlook for 2025
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Kagem Mine Suspension Raises Concerns for Zambia’s Economy
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Côte d’Ivoire Raises $192M to Close the Year on a High
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Nigeria to Defer Domestic Debt Payments in 2025 Amid Fiscal Strains
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Ghana’s President-Elect Launches Bold Anti-Corruption Initiative
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Côte d’Ivoire Launches Its Largest Gold Mine in Push to Diversify Economy
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Zambian Parliament Green-lights $108 Million AfDB Loan to Bolster 2025 Budget
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Tinubu Unveils Ambitious ₦47.9 Trillion Naira Budget to Stabilise Nigeria’s Economy
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Ethiopia Opens Banking Sector to Foreign Players in Landmark Move
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Ghana’s Treasury Bills Oversubscribed After Mahama’s Election Victory
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Central African States Push for Local Investment to Tackle Poverty and High Costs
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Ethiopia’s Securities Exchange Set to Launch in January 2025
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Falling Returns on Kenyan Debt Instruments Reshape Investment Landscape
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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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Oromo Liberation Army Relocates to Camps as Ethiopia Embarks on Peace Deal Implementation
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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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Ghana Prepares for Decisive Election
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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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IMF Disburses $360 Million to Ghana, Boosting Economic Recovery
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Ghana’s Parliament to Reconvene as Key Legislative Deadlines Loom
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Angola Strengthens Ties with Africa's Trade and Development Bank
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Opposition to Tinubu’s Tax Reforms Grows, Threatening Overhaul Plans
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Cameroon Tables $11.73 Billion 2025 Budget Amid Global Challenges
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Namibia’s Ruling Party Poised to Retain Power Amid Oil Boom Prospects
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Atlantic Lithium Cuts Operations as Ghanaian Mining Lease Delays Persist
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Ghana’s Presidential Candidates Sign Peace Pact Ahead of Elections
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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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Springfield’s Afina Oil Field Test Fuels Optimism for Ghana’s Energy Sector
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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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Namibians Vote in Pivotal Election as Oil Wealth Looms
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Burkina Faso’s PM Urges Businesses to Relinquish Claims as Patriotic Gesture
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Ghana’s John Mahama Accuses Electoral Commission of Bias Ahead of December Vote
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Côte d’Ivoire to Allocate $6.6 Billion for Debt Servicing in 2025
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Ghana Readies for Special Voting as Election Day Approaches
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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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African Nations Tighten Control Over Mineral Wealth Amid Global Demand
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UAE Raises AED 1.1 Billion in Oversubscribed Islamic Bond Auction
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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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Saudi Arabia Issues SAR 3.42 Billion in November Sukuk Program
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Ghana’s Election Monitoring Group Warns of Electoral Misconduct
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Angola Offers 30% of BODIVA Shares to Public in Latest Privatisation Drive
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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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Senegal’s ruling PASTEF party declares victory in parliamentary elections
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Senegal Holds Parliamentary Elections as President Faye Seeks Majority
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Bawumia Challenges Mahama to Debate as Election Campaign Intensifies
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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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Burkina Faso Foils November Coup Attempt, Seizes $10 Million Cash
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Nigeria’s New Army Chief Faces Rising Threat from Emerging Terror Group
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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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Delay Hampers Ghana’s Largest Gold Mine Joint Venture Between Gold Fields and AngloGold Ashanti
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Nigeria Orders Urgent Overhaul of Power Sector to Halt Grid Collapses
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Protests Escalate in Mozambique as Opposition Challenges Election Results
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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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Nigeria’s Chief of Army Staff Passes Away, Opening a Sensitive Transition in Military Leadership
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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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Trump’s Return Puts Africa’s Interests on the Line
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Historic U.S. Election Kicks Off With Stakes for Global Policy and African Relations
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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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Cameroon Customs Intercepts Large Ammunition Shipment Bound for Capital
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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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Vaalco Invests $200 Million to Revitalise Gabon’s Oil Sector
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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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Angola Pledges Reforms After FATF Places Nation on Gray List
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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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