Economy
Breaking and the latest news relating to African Economy.
South Africa welcomes U.S. House approval of Africa trade programme renewal
South Africa's government on Tuesday welcomed the approval by the U.S. House of Representatives of a bill that would renew...
Read moreDetailsSomali regions reject Mogadishu’s move to cut ties with UAE
Three self-governing regions in Somalia that have close relations with the United Arab Emirates have dismissed a decision this week...
Read moreDetailsGhana clears $1.47 billion in energy debts, finance ministry says
Ghana's government paid $1.47 billion in 2025 to clear legacy energy sector debts, restoring a depleted World Bank guarantee and...
Read moreDetailsEthiopia begins $12.5 billion construction of ‘Africa’s biggest airport’
Ethiopian Airlines on Saturday officially started a $12.5 billion construction project for what officials say will be Africa's biggest airport...
Read moreDetailsZambia seeks new IMF programme rather than extension
Zambia will work on a new programme with the International Monetary Fund instead of seeking to extend its loan agreement...
Read moreDetailsChina’s top diplomat tours Africa with focus on strategic trade routes
China's top diplomat began his annual New Year tour of Africa on Wednesday, focusing on strategic trade access across eastern...
Read moreDetailsNigeria: “Tinubunomics” not designed for instant abundance – Budget Office
The Director-General of Nigeria’s Budget Office of the Federation, Mr. Tanimu Yakubu, says that President Tinubu’s economic reforms, popularly known...
Read moreDetailsGabon replaces finance minister as debt worries mount
Gabon's President Brice Oligui Nguema has replaced his finance minister, Henri-Claude Oyima, according to a decree, as the oil-producing Central...
Read moreDetailsEthiopia strikes draft restructuring deal on $1 billion bond with bondholder group
Ethiopia has struck a preliminary agreement with a group of investors holding some of its $1 billion 2024 international bond,...
Read moreDetailsNigeria: CBN projects foreign exchange reserves to hit $51bn by 2026; Stock Exchange closes year with N533bn gain
The Central Bank of Nigeria (CBN) says that external reserves of Nigeria will climb to $51.04bn in 2026, up from...
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