Economy
Breaking and the latest news relating to African Economy.
South African, Namibian fortunes diverge in shared Orange Basin oil province
The Orange Basin petroleum province shared by Namibia and South Africa has become a test case for how African states...
Read moreDetailsSouth Sudan’s president removes central bank governor
South Sudan's President Salva Kiir has dismissed the country's central bank governor, the latest in a series of sackings and...
Read moreDetailsIMF completes final review of Ghana lending program, unlocks $371 million
The International Monetary Fund's executive board on Monday completed the sixth and final review of Ghana's $3 billion support program,...
Read moreDetailsAfrica facing $10-$20 billion economic hit from ‘super’ El Niño, AfDB climate chief warns
An impending "super" El Niño is likely to inflict a combined $10 billion to $20 billion hit on affected African...
Read moreDetailsAfrican banks bet on debt guarantees to lure private capital to infrastructure projects
With aid budgets shrinking and development finance under pressure, African governments and development banks are increasingly turning to debt guarantees to attract...
Read moreDetailsECOWAS reaffirms plans to launch single currency in 2027
ECOWAS is forging ahead with plans for a single currency. The legal registration of the ECO trademark is progress, but...
Read moreDetailsAI could lift Sub-Saharan Africa economy 4% if power, internet improve, IMF says
Artificial intelligence could boost Sub-Saharan Africa's economy by about 4% over the next decade with better electricity supply, internet access...
Read moreDetailsWest Africa’s ECOWAS bloc signs agreement backing Nigeria-Morocco atlantic gas pipeline, statement reports
Member states of the Economic Community of West African States (ECOWAS) signed an intergovernmental agreement on Sunday in Freetown backing...
Read moreDetailsNigeria central bank chief signals caution on easing next week
Nigeria's gradual slowdown in inflation has opened the door to interest-rate cuts, but external shocks have complicated the outlook, Central...
Read moreDetailsZambia hopes to agree new IMF programme by year-end, finance minister says
Zambia is aiming to agree a new International Monetary Fund programme by the end of the year as it seeks...
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