Economy
Breaking and the latest news relating to African Economy.
Africa’s infrastructure guarantees platform plans to double its capital, CEO says
The African Trade and Investment Development Insurance (ATIDI) plans to double its capital to $2 billion over the next two...
Read moreDetailsTanzania eases FX rules to allow all foreigners to buy government debt
Tanzania has relaxed its foreign exchange rules to allow all overseas investors to buy government-issued Treasury bills and bonds, the...
Read moreDetailsNigeria approves $4.5 billion refinancing of NNPC oil-backed facility
Nigeria's National Economic Council on Monday approved the refinancing of NNPC Limited's $3.3 billion oil-backed pre-export finance facility through a...
Read moreDetailsAfDB approves $35 million to boost Senegal’s public finance management
The African Development Bank has approved 20 billion CFA francs ($35.4 million) in financing to help Senegal strengthen its public...
Read moreDetailsGhana: ECOWAS provides funds after devastating floods
The Economic Community of West African States is expected to donate $250,000 to the to Ghana in the wake of...
Read moreDetailsSouth 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...
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