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Africa News
S. Africa’s unemployment rate surges to 32.1%
South Africa’s unemployment rate rose by 2 per cent to stand at 32.1 per cent in the fourth quarter of 2023 from…
Nigeria’s unemployment rate surges 5%
Nigeria’s unemployment rate rose by 5 per cent in the third quarter of 2023 due to a crisis in the cost of living…
Uganda estimates spending UGX53.3tn on current financial year
Uganda's government estimates spending 53.3 trillion shillings ($13.74 billion) for the fiscal year that begins in…
Niger misses debt payment, default climbs to nearly $520mln
Niger missed 13.4 billion CFA francs ($22 million) debt payment last week, which brings the country’s total default…
Nigeria’s inflation hits 29.90%, highest since mid-1996
Nigeria’s headline inflation rate rose to 29.90 per cent in January 2024, compared to 28.92 per cent in December…
Namibia c.bank keeps Repo rate unchanged at 7.75%
Namibia's central bank decided to keep its Repo rate unchanged at 7.75 per cent for the fourth consecutive meeting,
Zambia central bank hikes rates to 12.5%
Zambia's central bank has raised its benchmark lending rate by 150 basis points to 12.5 per cent, for the fifth…
IMF urges Zimbabwe to expedite currency reforms
The International Monetary Fund (IMF) after the completion of staff mission to Zimbabwe, has urged the country to…
S. Africa’s rand strong ahead of upcoming retail data
S. Africa's rand strengthened early on Wednesday preceding December retail sales data, after falling more than 1…
S. Africa’s KAP mulls $317mln logistics unit sale
KAP Ltd. is reportedly considering selling of its Unitrans business, as part of its plans to lower the company's…
