Economy
Breaking and the latest news relating to African Economy.
China, Djibouti pledge to deepen cooperation on FOCAC outcomes
China stands ready to work with Djibouti to fully implement the outcomes of the Forum on China-Africa Cooperation (FOCAC) Beijing...
Read moreDetailsUganda sees economy growing at least 7% in 2025/26 fiscal year
Uganda's economy will grow at least 7% in the fiscal year starting in July, Finance Minister Matia Kasaija said on...
Read moreDetailsBurkina Faso completes nationalisation of five gold mining assets
Burkina Faso has completed the transfer of five gold mining assets to the country's state-owned miner, according to a decree...
Read moreDetailsVehicles ablaze in Nairobi as Kenya protests escalate
Protests in the Kenyan capital Nairobi intensified on Thursday, with vehicles set ablaze and police firing teargas to disperse crowds...
Read moreDetailsRwanda sees economy growing 7.1% in 2025 and 7.5% in 2026
Rwanda's economy is forecast to grow 7.1% in 2025, Finance Minister Yusuf Murangwa said on Thursday. The minister added in...
Read moreDetailsNigeria’s orientation agency says petrol subsidy removal yields $84bn gain, 40 roads
The Nigerian Government says that the removal of the petrol subsidy by President Bola Tinubu ended a historic financial drain...
Read moreDetailsEthiopia to post faster growth despite debt, inflation
Finance Minister Ahmed Shide told parliament that the economy was forecast to expand 8.9% in fiscal year 2025/2026. It had...
Read moreDetailsNigeria’s $5 billion oil-backed loan from Aramco delayed by oil price drop, say sources
Nigeria and Saudi Arabian oil company Aramco are struggling to reach an agreement on a record $5 billion oil-backed loan...
Read moreDetailsIMF welcomes Senegal’s self-reliance plan, says no impact on misreporting case
The International Monetary Fund said on Wednesday it views Senegal's plan to enhance tax compliance and cut reliance on external...
Read moreDetailsLocal firms drive new growth phase in Nigeria’s oil sector
Nigeria is witnessing a significant shift in its oil and gas landscape as local companies expand their roles, driving a...
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