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Africa News
Ugandan shilling steady on Tuesday
The Ugandan shilling was steady on Tuesday but expected to strengthen, underpinned by inflows of dollars from…
Uganda’s gold exports surge in ’23
Uganda witnessed a remarkable surge in gold exports in 2023 despite facing US sanctions on a major processor within…
S. African rand falls against dollar ahead of mining data
The South African rand weakened against the dollar in early trading on Thursday ahead of the release of mining and…
Africa’s sovereign bond rally continues unabated
Africa's sovereign bond rally continues unabated, with prices reaching nearly two-year highs in countries like…
ECCAS removes sanctions on Gabon
The Economic Community of Central African States (ECCAS) has decided to remove sanctions on Gabon and reintegrate…
S. Africa’s current account deficit widens in Q4 ’23
South Africa's current account deficit surged to R165.5 billion in Q4 2023 from R34.4 billion in Q3, reaching 2.3…
Bank of Uganda raises key rate by 50 basis points
Bank of Uganda increased its primary lending rate by 50 basis points to 10.00 per cent on Wednesday attributing the…
Kenya’s private sector activity rebounds in Feb
Kenya's private sector activity rebounded in February, marking its first expansion since August supported by easing…
S. Africa’s private sector expands in Feb
South Africa witnessed a resurgence in private sector activity in February after a six-month downturn buoyed by…
Africa’s debt to remain above pre-pandemic levels through ’25 – UN official
Africa's public debt is projected to remain elevated above pre-pandemic levels in 2024 and 2025, with numerous…
