Economy
Breaking and the latest news relating to African Economy.
Nigeria 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,...
Read moreDetailsSouth Africa’s treasury looking at alternatives to VAT hike
South Africa's National Treasury is looking at alternative revenue-raising options to a value-added tax increase, but the chances of avoiding...
Read moreDetailsKenya thinks it can win from U.S. tariffs, but global recession risk looms
Kenya is among those exporters hoping a smaller Trump tariff blow vis-a-vis competitors might help them emerge as winners in...
Read moreDetailsSouth Africa not planning to retaliate over Trump’s tariffs
South Africa has no immediate plans to retaliate against the United States over tariffs announced by President Donald Trump this week and will instead...
Read moreDetailsIMF says ‘urgent reforms’ needed to address Senegal’s debt woes
The International Monetary Fund on Wednesday called for Senegal to streamline tax exemptions and phase out costly energy subsidies as...
Read moreDetailsBotswana eyes strategic partnerships in Europe
Botswana’s Vice President Ndaba Gaolathe has secured pivotal investment and trade agreements during a landmark mission across Europe, reinforcing the...
Read moreDetailsChina’s CCECC to invest $1.4 billion in Tanzania-Zambia railway
The China Civil Engineering Construction Corporation (CCECC) will invest $1.4 billion via a 30-year concession to upgrade the Tanzania-Zambia railway,...
Read moreDetailsEthiopia’s PM Abiy Ahmed rules out war with Eritrea over Red Sea access
Ethiopia's Prime Minister Abiy Ahmed said on Thursday that his government would not seek conflict with longtime foe Eritrea over...
Read moreDetailsSADC and EU launch trade information portal
The Southern African Development Community (SADC) and the European Union (EU) have unveiled the EU-SADC Economic Partnership Agreement (EPA) Information...
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