The move is in line with IMF recommendations but may negatively impact consumers.  

Ivory Coast’s cocoa crop is facing potential challenges due to insufficient rainfall and the impending Harmattan winds.

The move is expected to enhance risk management tools, attract new investors, and strengthen the country’s capital market.

Economic hardship and debt crisis dominate discussions as Ghana heads to elections in December.

Egypt’s net foreign assets fell by $1.12 billion in October, reversing September’s gain, with liabilities rising at both central and commercial banks.

‘Say goodbye to selling into the wonderful US Economy’ if dollar replaced; President-elect Donald Trump warns BRICS

US shoppers spent a record $10.8 billion online on Black Friday, marking a 10.2% increase from the previous year.

The move aims to stabilize the domestic fuel market, support refineries, and curb unauthorized exports

This development follows the African Union’s recent entry as a permanent G20 member

Ethiopia secured the programme in July after floating its birr currency, a key IMF recommendation

MTN South Africa has launched an affordable 5G smartphone, the MTN Icon 5G, priced at 2,499 rand ($138), to make 5G technology more accessible to South Africans.

Unlike decentralized cryptocurrencies, CBDCs are directly controlled by central banks

Local designers are transforming discarded garments into innovative and sustainable fashion pieces.

Eni is constructing a second FLNG facility in China to enhance Congo’s LNG production capacity to 3 million tonnes per annum.

Adani also denied involvement in a separate $2 billion plan to upgrade Kenya’s main airport

Standard Gauge railway will be built by Turkish company Yapi Merkezi

Nigeria’s government initiative to sell crude oil priced in naira to local refineries has been hindered by supply shortages, impacting operations at the Dangote Refinery.

Kenya has canceled over $2.5 billion worth of deals with the Adani Group following a US indictment against the company’s founder.

The fine, amounting to 7.58 million dirhams, has already been paid.

Despite lower inflation, the South African Reserve Bank took a measured step, lowering rates by 0.25%.

To stabilize its energy supply, Egypt is in talks with foreign companies to secure long-term LNG purchases, aiming to reduce exposure to fluctuating spot prices.

Utapate, Nigeria’s latest crude oil grade, offers a promising opportunity for the country to increase its oil production and revenue.

Global market volatility, triggered by Russia’s updated nuclear policy, led to a weakening of the South African rand

Cameroon has secured a $96 million loan from the European Union to fund critical infrastructure projects.