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The insurers performance was buoyed by higher demand for its general insurance and wealth management products in South Africa.
On a year-on-year basis, headline inflation rate reduced by 8.52% points lower than the rate recorded in February 2024 (31.70%)
The report however predicts slower GDP growth and a weaker rand, raising concerns about the economic trajectory of Africa’s second largest economy.
Fihla’s appointment comes as the bank focuses on rebuilding investor trust following a challenging period marked by leadership instability and financial underperformance.
Hello, African economies have been at the mercy of global credit rating agencies, and any efforts to raise loans is usually met with stringent conditions. That’s why the recent move to create s credit rating agency is super important. What is more important though, is our celebration of African women in Finance. South Sudan’s economy…
The African region’s earnings in local currency increased to 22%, enabling them to contribute 41% to the group’s total headline earnings.
Major winners in the approved reforms include consumers and smaller companies as lawmakers scrap the proposed VAT hike and raise minimum tax threshold for domestic businesses.
South Sudan’s economy faces sharpest decline in years as failing oil revenues slash government income by $7 million daily, worsening inflation, poverty, and fiscal instability according to the World Bank
This would be the second time in two months that the country’s parliamentary parties have rejected the proposed spending plan over tax hikes.
Unlike its economic counterparts, Lagos has a strikingly low tax-to-GDP ratio, exposing a major revenue gap that threatens the fiscal sustainability of Africa’s most populous city.
The new licensing fee structure signals an increase in the cost of banking business as profits may reduce by 3.1% in the next three years.
In a fresh attempt to boost the adoption of ZiG, Zimbabwe’s market regulator has ordered companies to report their earnings in the highly volatile local currency.
Three weeks after his initial budget plan was rejected by lawmakers, South Africa’s finance minister presents a new proposal with steep tax implications.
The sharp drop in inflation follows a steady rise in the country’s foreign reserves which stood at $47.39 billion in February 2025.
Supported by stronger consumer confidence, Absa joins a growing list of South African companies reporting improved earnings following the country’s exit from economic contraction in Q4 2024.
The total gross profit stood at ₦25.1 billion ($17.13 million) from ₦17.1 billion ($11.2 million) recorded in 2023.
The upgrade comes as Namibia’s central bank pushes for digital payment reforms that will drive greater financial inclusion.
While the country’s annual inflation has been on a downward trajectory since January, it still remains
Remita and other eligible PSSPs will be integrated into TMRAS to liberalise revenue payments and collections, OAGF clarified.
Both companies will invest $31 million in Pele, helping the firm raise substantial capital for its operations.
