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Africa News
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…
S. Africa’s annual inflation hits lowest since June ’20
South Africa's inflation slowed to 2.8 per cent in the 12 months to October 2024, down from 3.8 per cent in…
Kenya targets 3.8% budget deficit for FY ’25/’26
Kenya will target a budget deficit of 3.8 per cent of GDP in the FY 25/26 , a senior official from the Ministry of…
Egypt’s trade w/ African blocs up in ’23
Egypt’s total trade with African Union countries reached $9.2 billion in 2023, marking a 5.7 per cent increase from…
Zimbabwe cuts spending amid currency devaluation
Zimbabwe cuts spending as currency devaluation strains the budget. The Treasury has directed government departments…
World Bank forecasts 1.2% growth for Tunisia in ’24
Tunisia’s economy is set to grow by 1.2 per cent in 2024, according to the World Bank’s latest report, as the…
Zambia raises interest rate to 14%
Zambia raised its benchmark interest rate to 14 per cent on Wednesday as inflation continues to surpass the Bank of…
Uganda projects Shs 57.441t resource envelope for FY25/26
Uganda’s preliminary resource envelope for the 2025/26 financial year is projected at Shs 57.441 trillion,…
