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Africa News
Ghana expands gold purchase programme
Ghana has signed a deal with 9 additional mining companies to buy 20 per cent of their gold output, expanding a…
S. Africa posts R13.1b budget deficit in March
South Africa recorded a budget deficit of 13.11 billion rand ($704 million) in March, according to data released by…
Zambia’s copper output up 30% in Q1
Zambia’s copper production rose nearly 30 per cent year-on-year in the first quarter of 2025, reaching…
Kenya to cut budget deficit to 4.5%
Kenya will cap its budget deficit at 4.5 per cent of GDP in the 2025/26 fiscal year, down from 5.1 per cent the…
Kenya’s annual inflation up in April
Kenya’s annual inflation rate rose to 4.1 per cent in April 2025, up from 3.6 per cent in March, driven largely by…
Uganda hikes 2025/26 budget by 25%
Uganda has increased its proposed 2025/26 budget by 25 per cent to 71.9 trillion shillings ($19.6 billion), up from…
Afreximbank launches $3b intra-African oil financing programme
African Export–Import Bank (Afreximbank) has launched a $3 billion Revolving Intra-African Oil Trade Financing…
Egypt FM affirms full support for Somalia’s unity, security
Egyptian Foreign Minister Badr Abdel-Aty reaffirmed Egypt’s full commitment to supporting the unity and territorial…
Egypt takes charge of AfCFTA Council of Ministers with call for faster integration
Egypt officially assumed the presidency of the African Continental Free Trade Area (AfCFTA) Council of Ministers,…
Egypt’s FinMin highlights need for development funding in Africa
Egypt’s Finance Minister, Ahmed Kouchouk, emphasised the importance of providing development funding to help…