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Despite the positive growth, experts cautioned that the broader economic environment remained fragile.
Transactions on the Standard Lending Facility declined sharply by by 37.6% to $7.05 billion in November, compared to the previous month amid liquidity boost.
The agreement is targeted at increasing and modernizing the country’s grain storage and logistics system which may help ease inflation.
The country’s Eurobond maturing in 2031 fell to 88.44 cents per dollar. Also, the bond maturing in 2048 also fell to 67.17 cents per dollar.
The bank’s performance comes amid economic turbulence driven by high interest rates, geopolitical risks, and political uncertainty.
Despite adverse climate conditions and logistical challenges, South Africa’s agricultural export earnings soared to a record-high in 2024, boosting trade balance.
Despite the persistent decline in business conditions in the sector, manufacturers remain cautiously optimistic about the medium-term outlook.
After a prolonged regulatory battle, Namibia’s Trustco banks finally shuts down, transferring all unclaimed deposits and accrued interests to the Guardian fund
The Gold-for-Oil program was introduced in 2022 to reduce Ghana’s dependence on the dollar as FX to purchase oil for international suppliers.
Stricter ground rent enforcement could impact loans, mortgages, and real estate finance, raising risks for banks and property owners.
Kenya’s inflation has been on a steady rise since November 2024, after months of sustained decline.
Although Nigeria’s revenue growth was positive during the period, it fell far below expenditure despite low capital spending.
Zambia is one of the worst-hit by the El-Niño weather phenomenon which has led to severe droughts and food shortages.
Despite a strong export performance in January, Malawi’s economy remains in distress as its foreign exchange crisis worsens .
Despite strong operational growth in H2 2024, FirstRand’s ability to manage asset quality remains critical in avoiding stricter regulatory scrutiny
The loan will finance six development projects cutting across critical sectors of the Nigerian economy.
As inflation bites harder and the local currency plummets, the new minimum wage will have minimal impact on the purchasing power of public sector workers, offering little relief in the face of soaring costs.
Following a major overhaul of its tax structure in 2024, Namibia’s tax revenue surged to $4.3 billion in January 2025, driven largely by customs and excise duties
A United States initiative to increase electricity supply in Africa has been halted by the Donald Trump- led administration after more than a decade of work.
South Africa saw a slight uptick in inflationary pressures in January, following an overhaul of the CPI basket. Despite the increase, inflation remains within the SARB’s target band.
