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Africa News
African economies hold back from global easing trend
African central banks are set to decide on interest rates in the next three weeks, with most expected to maintain…
Uganda lowers economic growth forecast for ’24/’25
Uganda's Finance Minister reversed the country's economic growth forecast for the 2024/2025 fiscal year, projecting…
Kenya’s shilling steady vs USD
Kenya's shilling held steady against the dollar on Monday, trading at 128.50/129.50, unchanged from Friday's close,…
Nigeria’s inflation hits 34.19% in June
Nigeria's headline inflation rate rose to 34.19 per cent in June 2024, up from 33.95 per cent in May.
Kenya cuts ’25 spending, deficit rises
Kenya's government plans to cut 2024-25 spending by 1.9 per cent and widen the fiscal deficit to 3.6 per cent of…
Egypt remains Africa’s top investment destination – UNCTAD
Egypt has been named Africa's top destination for foreign investment for the second consecutive year, according to…
Zimbabwe growth downgraded as severe drought weighs on
Zimbabwe has downgraded its 2024 economic growth forecast to 2 per cent from 3.5 per cent, due to an El…
Ghana’s consumer inflation eases in June
Ghana's consumer inflation slowed for the third consecutive month in June, dropping to 22.8 per cent year-on-year…
Nigeria implements measures to curb food inflation
Nigeria is tackling soaring food inflation, the worst in three decades, with new measures. The government plans a…
Moody’s further downgrades Kenya’s sovereign rating
Moody's downgraded Kenya's sovereign rating further into junk territory on Monday, citing reduced capacity to…
