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Africa News
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…
S. African manufacturing activity contracts in Nov. ’24
South Africa's manufacturing sector contracted in November, with the Absa Purchasing Managers' Index (PMI) falling…
S. Africa’s producer price index declines in Oct. ’24
South Africa's producer price index (PPI) for final manufactured goods decreased 0.7 per cent year-on-year in…
Zimbabwe’s inflation rate plunges to 11.7% in Nov.
Zimbabwe's inflation rate dropped to 11.7 per cent in November 2024 from 37.2 per cent the previous month.
Tanzania to honour Adani Group contracts
Tanzania has affirmed its commitment to honouring existing contracts with an Adani Group unit.
Goldman Sachs: S. Africa inflation could undershoot expectations
Goldman Sachs forecasts South Africa's inflation to average 3.3 per cent in 2024, significantly below the central…
TotalEnergies eyes 7 exploration wells in S. Africa
TotalEnergies is seeking approval to drill up to seven exploration wells in the southern part of its Deep Water…
Ethiopia parliament backs $4.8b spending increase
Ethiopian lawmakers approved on Tuesday a government plan to increase spending by $4.8 billion for the 2024/25…
Nigeria’s economy expands in Q3 ’24
Nigeria's economy expanded 3.46 per cent year-on-year in the third quarter of 2024, marking an acceleration from…
