OPEC Secretary General: Unlocking Africa’s Full Oil Potential is Utmost Priority
The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) has emphasized that unlocking Africa’s full oil potential is a key priority for...
Category : ECONOMY
President Mwinyi to Officiate the European Union-Zanzibar Business Forum 2025
In a landmark move for Zanzibar’s economic growth and international relations, President Hussein Ali Mwinyi is set to officiate the much-anticipated European Union-Zanzibar Business Forum,...
UK Chancellor to Meet G20 Finance Ministers in South Africa for Key Economic Talks
The PM’s announcement yesterday, the Chancellor will state that in a dangerous world the UK will not shy away from bolstering defence spending and will...
Global Economy Not Yet Out of the Woods: Challenges Persist Amidst Recovery Efforts
Despite signs of economic recovery across several regions, experts warn that the global economy is still far from being fully stable, with numerous challenges remaining...
Postbank Sees 20% Slump in Social Grant Recipients as Banks Step in to Pick Up the Slack
In a significant shift in South Africa’s financial landscape, Postbank has reported a 20% decline in the number of social grant recipients over the past...
Tunis Cuts Ties with IMF Amid Economic Tensions and Financial Crisis
In a dramatic move that has sent shockwaves through global financial markets, Tunisia has officially cut ties with the International Monetary Fund (IMF) following months...
South Africa Braces for Revamped CPI Amid Rising Staple Food Costs
As South Africa prepares for the release of its updated Consumer Price Index (CPI), the country is facing growing concerns over the rising cost of...
West Africa: ECOWAS Breakup Could Lead to Surge in Food Prices and Escalate Hunger Crisis Across the Region
The potential breakup of the Economic Community of West African States (ECOWAS) is raising serious concerns about the future of food security in West Africa....
Africa Makes Progress in Public Finance Management, but Challenges Persist: An In-Depth Analysis
Africa has made notable strides in strengthening public finance management (PFM) systems across the continent, contributing to better governance, improved transparency, and more efficient use...
South Africa Postpones 2025 Budget Presentation Amid Coalition Disputes
South Africa’s Finance Minister, Enoch Godongwana, announced the postponement of the 2025/26 annual budget presentation, originally scheduled for February 19, 2025, to March 12, 2025....
Ethiopia Signs Memorandum of Understanding with ATIDI to Support PPP Renewable Energy Projects Addis Ababa, Ethiopia, 19 February, 2025
The Federal Democratic Republic of Ethiopia, represented by the Ministry of Finance and Ethiopian Electric Power (EEP), has signed a Memorandum of Understanding (MoU) with...
Sacco Shake-Up to Target Fraud, Says Oparanya
In a bid to strengthen the financial sector and ensure the protection of members’ investments, the Deputy President of the Council of Governors, Hon. Wycliffe...
Ghana’s Latest Bond Payment: A Much Ado About Nothing?
Ghana has made headlines once again, this time due to its latest bond payment, which has sparked much debate in financial circles. While some analysts...
New Defense and Business Intelligence Think Tank Launches in Abidjan, Poised to Transform West Africa’s Strategic Landscape
In a move that underscores Abidjan’s rising prominence as a hub for global business and security affairs, a new defense and business intelligence think tank...
President Ruto Decries High Borrowing Costs from Foreign Lenders, Calls for Fairer Financial Models
Kenyan President William Ruto has raised concerns over the high cost of borrowing from foreign lenders, describing the current financial models imposed on African nations...
Zimbabwe’s Economy on the Path to Recovery, Says IMF Amidst Reforms and Challenges
The International Monetary Fund (IMF) has acknowledged Zimbabwe’s economic recovery, citing ongoing reforms and improved macroeconomic stability. However, the institution cautioned that sustained growth requires...
Kenya: 70% of Kenyans Report Income Declines in 2024, Highlights Old Mutual Report
In a striking revelation, a recent Old Mutual report has highlighted a concerning economic trend in Kenya, with 70% of Kenyans reporting a significant decline...
Nigeria Prepares to Receive First Ugandan Shipment Under AfCFTA
A landmark development for intra-African trade, Nigeria is set to receive its inaugural shipment of goods from Uganda under the African Continental Free Trade Area...
South Africa Pushes Back: Land Law Just One of Many Issues Straining US Relations
The South African government has asserted that tensions with the United States extend beyond the contentious land expropriation laws, highlighting a broader range of diplomatic...