Economy
Breaking and the latest news relating to African Economy.
Ethiopia, IMF staff agree programme review that could unlock $260 million
Ethiopia and the International Monetary Fund have reached a staff-level agreement on the third review of the country's $3.4 billion...
Read moreDetailsMauritania’s Tah elected president of AfDB, Africa’s top development bank
Former Mauritanian Finance Minister Sidi Ould Tah has been elected president of the African Development Bank (AfDB), the lender said...
Read moreDetailsAfDB downgrades Africa growth outlook but sees signs of resilience
The African Development Bank (AfDB) has downgraded Africa's growth forecast for the next two years amid what it described as...
Read moreDetailsNigeria’s Tinubu touts economic gains at mid-term but inflation and insecurity persist
Nigerian President Bola Tinubu on Wednesday marked his second anniversary in office by declaring that his economic reforms were working,...
Read moreDetailsNigeria’s leader seeks $21.5 billion foreign borrowing to boost growth
Nigerian President Bola Tinubu asked parliament to approve more than $21.5 billion in foreign borrowing for its 2025-26 borrowing plan...
Read moreDetailsNiger plans to cut number of Chinese oil workers, documents show
Niger has asked that some Chinese employees working on oil projects leave the country, documents seen by Reuters on Friday...
Read moreDetailsChina says its committed to expanding its investments in Africa
China is committed to expanding its investment in Africa by further promoting corporate cooperation in various fields. That is according...
Read moreDetailsFormer Congo PM sentenced over $245 million corruption scandal
A top court in the Democratic Republic of Congo has sentenced former Prime Minister Matata Ponyo Mapon to 10 years...
Read moreDetailsRamaphosa brings golfer Ernie Els and South African billionaire to face Trump
South African President Cyril Ramaphosa heads to the White House on Wednesday on a perilous mission to persuade a hostile Donald...
Read moreDetailsNigeria’s Renaissance reports oil spill from illegal pipeline connection
Nigeria's Renaissance Africa Energy Co. Ltd has confirmed an illegal connection on its Okordia-Rumuekpe pipeline at Oshika community in Nigeria's...
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