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South Africa’s budget deficit reached 62.68 billion rand ($3.39 billion) in January, a slight increase from 62.42 billion rand in January of the previous year, according to National Treasury data. …
South Africa’s January Budget Deficit Reaches 62.68 Billion Rand Read More
The Bank of Ghana and the National Bank of Rwanda have signed an MoU to launch a fintech licence passporting framework, enabling cross-border operations and payment interoperability for regulated fintech …
Bank of Ghana and National Bank of Rwanda Launch Fintech Licence Passporting Initiative Read More
Zimbabwe’s mining sector anticipates a 7% growth in 2023, fueled by expansion projects and favorable mineral prices. This growth is projected to prevail despite increased taxes and lending rates, with …
Zimbabwe’s Mining Sector Prepares for Recovery Amid Economic Challenges Read More
Global investors are increasingly attracted to Nigerian assets as reforms initiated by the Central Bank of Nigeria bolster confidence in the economy. As the Nigerian economy moves towards recovery by …
Increased Global Investment in Nigeria Amid Financial Sector Reforms Read More
The IMF has completed a review leading to the disbursement of $101 million to Madagascar, aimed at supporting its economic development and stability. On Wednesday, the International Monetary Fund (IMF) …
IMF Approves $101 Million Disbursement for Madagascar Following Board Review Read More
Nestlé Nigeria Plc experienced a 107% increase in net loss for 2024, reaching N164.595 billion, despite a 75% rise in revenue to N958.814 billion. Rising costs of sales and high …
Nestlé Nigeria Reports 107% Increase in Net Loss for 2024 Read More
In the third quarter of 2024, BOA Côte d’Ivoire reported a 16.23% increase in Net Banking Income to 53,371 million FCFA, driven by higher commissions. Operating profit appreciated 21.44% to …
Robust Q3 Growth for BOA Côte d’Ivoire Amid Increased Risk Costs Read More
Nigeria has signed a cooperation agreement with Saudi Arabia’s Halal Products Development Company to enhance its presence in the $7.7 trillion halal market. The partnership focuses on investment and market …
Nigeria Pursues $7.7 Trillion Halal Economy with Saudi Arabia Agreement Read More
President Mahama has pledged to honor Ghana’s debts and strengthen financial buffers for economic recovery. He cited improvements in debt servicing and stressed the need for fiscal discipline. The administration …
President Mahama Commits to Strengthening Financial Buffers for Debt Management Read More
The Trinidad and Tobago Cabinet has accepted the Evaluation Committee’s recommendation to select Oando Trading as the preferred bidder for the Petrotrin refinery in Pointe a Pierre. Acting Prime Minister …
Cabinet Endorses Oando Trading as Preferred Bidder for Petrotrin Refinery Read More