Economy
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South Africa’s annual inflation rate rose slightly to 4.4% in August, adding to price pressures ahead of the South African Reserve Bank’s interest-rate decision on Wednesday.
Nigeria’s foreign exchange reserves have risen to $55.25 billion, their highest level in 18 years, as stronger diaspora remittances and an improved external position boost the country’s dollar buffer.
Senegal is trying to escape a debt crisis that erupted after hidden borrowing pushed its debt above 130% of GDP. Now, with a new $2.2 billion IMF programme tied to debt restructuring, Dakar faces a test that has ended badly for most African countries.
Senegal is the third most indebted country in Africa. Earlier this year, it turned to the IMF a bailout as debt servicing consumes a growing share of state revenue. But critics believe this bailout is barely a drop in its fiscal ocean
Nigeria’s tax overhaul was meant to simplify a fragmented system. But nearly a year later, taxation remains a major business constraint, with large firms and smaller companies still facing high levies and multiple layers of government charges.
Ebola is putting Congo’s health system under pressure, but the economic cost is spreading too. Trade, transport, businesses and household incomes are being hit as the outbreak expands across key economic areas.
Zambia’s economy is healthier than the one Hakainde Hichilema inherited in 2021. But debt, poverty and weak household incomes remain. Hichilema’s second term will test whether economic stability can finally translate into prosperity for an average Zambian.
As his popularity slides and inflation bites, Kenya’s president has found new villains: foreign miners and street hawkers. Behind the crackdown lies a leader determined to secure a second term in office.
Africa’s first continent-wide credit rating agency will officially launch on October 7 in Mauritius, the African Union (AU) announced on Tuesday.
Free SA is calling on the National Minimum Wage Commission to reject any further increase to the national minimum wage, warning that another government-mandated hike risks shutting more unemployed and inexperienced South Africans out of the formal labour market.
The International Monetary Fund (IMF) and Senegal have reached a staff-level agreement for a $2.2 billion three-year loan package.
Global rating agency, Fitch Ratings, has revised the outlook on Tanzania’s Long-Term Issuer Default Ratings to Positive from Stable, while affirming the ratings at ‘B+’.
Ghana has reduced its debt-servicing-to-revenue ratio to below 20%, down from more than half in previous years, its finance minister said in a statement.
South Africa’s inflation rate slowed for the first time in five months in July, easing to 4.3% year-on-year, according to data from Statistics South Africa released Wednesday.
Kenya Airways says the Middle East conflict drove up its fuel costs by 72% in the first half of this year and caused delays to spare parts supplies and aircraft maintenance.
The DRC has approved a 900-hectare battery precursor zone in Lualaba targeting $2bn in investment, as Zimbabwe’s lithium export ban forces processors to build onshore capacity.
Kenya’s average commercial bank lending rate fell to 14.3% in July 2026, the lowest in 28 months, as credit to businesses and households climbed to a multi-year high.
South Africa has among the world’s highest jobless rates, yet farms, factories and townships now struggle to fill vacancies left by departing migrants—exposing unemployment as a deeper structural problem than immigration alone, insiders say.
Ghana’s consumer inflation eased to 4.6% year-on-year in July, down from 5.3% in June, marking the first monthly decline since March, according to data from the Ghana Statistical Service released Thursday.
AfDB has approved 20 billion CFA francs ($35.4 million) in financing to help Senegal strengthen its public finance management, as the West African country works to contain a debt crisis that has shaken investor confidence.
