Economy
Breaking and the latest news relating to African Economy.
Central Africa’s new FX initiative falls short of target, oil industry sources say
Six Central African nations expecting a foreign exchange windfall of billions of dollars from environmental restoration funds set aside by oil firms...
Read moreDetailsIMF reaches staff-level agreement set to unlock $441 mln for Tanzania
The International Monetary Fund on Thursday said it had reached a staff-level agreement with Tanzanian authorities that, once approved, would...
Read moreDetailsNigeria signs minerals pact with South Africa in diversification push
Nigeria and South Africa have signed an accord to boost cooperation in mining, Nigeria's mines minister said on Thursday, highlighting...
Read moreDetailsKenya secures $600 million in short-term financing for roads
Kenya has received $600 million in short-term financing from commercial banks, backed by the country's fuel levy collections from motorists,...
Read moreDetailsIMF reaches staff-level agreement with Gambia, giving it access to part of $100.9 mln
The International Monetary Fund and Gambian authorities reached a staff-level agreement that would give the West African nation access to...
Read moreDetailsUK’s Tullow Oil to sell Kenya assets for at least $120 million
West Africa-focused oil and gas explorer Tullow Oil said on Tuesday it would sell its assets in Kenya to Gulf...
Read moreDetailsGhana orders foreigners to exit gold market by April 30
Ghana has ordered foreigners to exit its gold trading market by the end of the month, a new government body...
Read moreDetailsFormer Mauritius central bank governor charged with fraud, freed on bail
Harvesh Seegolam, the former central bank governor of Mauritius, was charged with fraud on Thursday and released on bail, his...
Read moreDetailsNigeria posts $6.83 billion payments surplus amid reforms, rising confidence
Nigeria recorded a balance of payments surplus of $6.83 billion in 2024, driven by the impact of reforms, a stronger...
Read moreDetailsSouth Africa’s ANC committed to coalition despite budget disagreements
The African National Congress remains committed to South Africa's multiparty government, it said on Tuesday, after its main coalition partner,...
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