Fourth consecutive rate cut by Kenya’s central bank
Kenya’s central bank cuts its key rate for the fourth consecutive time to support lending and boost economic growth.
Fourth consecutive rate cut by Kenya’s central bank Read More »
economic growth
African leaders commit to 300 million in electricity access
The Dar es Salaam Energy Declaration commits to supplying affordable electricity to 300 million Africans by 2030, focusing on renewable energy and infrastructure investment to address the continent’s energy deficit.
African leaders commit to 300 million in electricity access Read More »
Nigeria to establish credit guarantee company
President Bola Tinubu announced the establishment of a National Credit Guarantee Company in May to expand credit access for businesses and individuals in Nigeria.
Nigeria to establish credit guarantee company Read More »
West Africa commits to ‘eco’ currency
The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to launching a common currency, the “eco,” by 2027.
West Africa commits to ‘eco’ currency Read More »
World Bank cuts Sub-Saharan growth forecast amid Sudan crisis
Despite Sudan crisis, growth is expected to remain above last year’s levels, supported by increased private consumption and investment.
World Bank cuts Sub-Saharan growth forecast amid Sudan crisis Read More »
Nigeria boosts gas exports with fertilizer plant agreement
The joint venture involving Shell, TotalEnergies, and Eni will deliver gas to Nigeria’s Brass fertilizer plant, which is expected to cut fertilizer imports by 30%.
Nigeria boosts gas exports with fertilizer plant agreement Read More »
Kenya’s central bank cuts benchmark lending rate
In a bid to support economic recovery, Kenya’s central bank has cut its benchmark lending rate to 12.00%.
Kenya’s central bank cuts benchmark lending rate Read More »
Uganda’s economy faces rising debt risks
Uganda’s foreign exchange reserves have shrunk to a three-month import cover, raising concerns about debt sustainability.
Uganda’s economy faces rising debt risks Read More »
IGAD, Somalia sign pact for ocean development
IGAD and Somalia have joined forces to establish a regional center for blue economy, promoting sustainable ocean development and economic growth in the region.
IGAD, Somalia sign pact for ocean development Read More »
Ghana’s mining sector recovers with new projects
Ghana’s mining industry is experiencing a resurgence as the country prepares to commission its first large-scale greenfield mine in over a decade.
Ghana’s mining sector recovers with new projects Read More »