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Africa News
S. Africa’s current account deficit narrows in Q3 ’24
South Africa's current account deficit narrowed to R70.8 billion in the third quarter of 2024, from a revised R75.3…
World Bank: Sustainable forestry key to CAR’s growth
The Central African Republic’s economy is facing stagnation, with a modest GDP growth forecast of 0.7 per cent in…
Italy, AfDB sign €400-m climate finance deal
Italian state lender Cassa Depositi e Prestiti (CDP) and the African Development Bank (AfDB) have signed a €400…
Mozambique’s private sector contracts in Nov. ’24
Mozambique’s private sector experienced its sharpest contraction in nearly three years as the Purchasing Managers’…
Uganda’s private sector growth accelerates in Nov. ’24
Uganda's private sector saw continued growth in November, with the Purchasing Managers’ Index (PMI) rising to 55.7,…
Kenya’s private sector records modest growth in Nov. ’24
Kenya’s private sector showed moderate growth in November, with the Purchasing Managers’ Index (PMI) rising to 50.9…
Ghana’s inflation hits 23% in Nov
Ghana's consumer inflation rose for the third consecutive month in November, reaching 23.0 per cent year-on-year…
Zimbabwe c. bank maintains policy rate
Zimbabwe's Reserve Bank Monetary Policy Committee (MPC) will maintain its policy rate at 35 per cent and statutory…
Egypt’s c. bank joins PAPSS to boost intra-African trade
The Central Bank of Egypt (CBE) approved joining the Pan-African Payment and Settlement System (PAPSS) in November…
IMF approves $360m disbursement for Ghana’s economic reforms
The International Monetary Fund (IMF) has completed the third review of Ghana’s 36-month Extended Credit Facility…