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Africa News
Kenyan private sector growth slows in Dec ’24 – PMI
Kenya’s private sector ended 2024 with marginal growth, as the Stanbic Bank Kenya Purchasing Managers’ Index (PMI)…
S. Africa PMI dips below 50 in Dec ’24
South Africa's Purchasing Managers’ Index (PMI) slipped to 49.9 in December 2024, down from 50.9 in November,…
Nigerian private sector shows signs of recovery in Dec ’24 – PMI
The Nigerian private sector experienced a notable rebound in December 2024, with the Purchasing Managers’ Index…
Kenya’s annual inflation rises to 3% in Dec ’24
Kenya's annual inflation rate climbed to 3.0 per cent in December 2024, driven by a 4.8 per cent increase in food…
S. Africa to raise fuel prices in Jan
South Africa's government stated that the petrol price would increase by up to 19 cents per litre, while diesel…
Egypt PM, FM strategise on boosting cooperation with Africa
In alignment with President Abdel Fattah El-Sisi’s directives to deepen cooperation with African nations, Prime…
Egypt’s c. bank hosts African banking supervision seminar
Egypt's central bank recently organised a virtual seminar on Effective Supervision: Building Supervisory Frameworks…
Nigeria’s Access Bank raises $228m in rights offer
Access Bank Plc, Nigeria's largest lender by assets, successfully raised 351 billion naira ($228 million) in rights…
Egypt calls for sustainable growth in Africa
Egypt's Deputy Minister of Finance Yasser Sobhy has stressed the urgent need to bolster sustainable growth across…
Nigeria to focus on natural gas in ’25
Nigeria will auction undeveloped oil and gas blocks next year, focusing on natural gas development to align with…