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Africa News
Africa-Caribbean trade to reach $1.8b
Africa and the Caribbean trade is projected to soar to $1.8 billion annually by 2028, driven by value addition,…
IMF approves disbursements for Cameroon’s recovery
The International Monetary Fund (IMF) has concluded its First Review of the Resilience and Sustainability Facility…
IMF approves disbursement of $224.7m for DRC
The International Monetary Fund (IMF) Executive Board has concluded the 2024 Article IV consultation and the sixth…
Afreximbank raises authorised capital five-fold
Afreximbank shareholders approved a fivefold increase in authorized share capital from $5 billion to $25 billion.
Kenya’s business activity declines in June – PMI
Kenya's private sector witnessed a downturn in activity during June to 47.2, down from 51.8 in May.
S. Africa business activity shrinks in June – PMI
South Africa's private sector experienced a contraction in activity during June, according to a survey released on…
S. African manufacturing contracts amid weak demand
South African manufacturing activity contracted in June, with the PMI survey showing a reading of 45.7, up from…
Nigeria’s private sector growth slows in June
Nigeria's private sector experienced stagnation as subdued demand and intense price pressures led to slowdowns in…
S. Africa’s CCI slightly improves
South Africa's consumer confidence improved slightly in Q2 due to reduced load-shedding and lower fuel and food…
Namibia to construct 2nd desalination plant in ’25
Namibia will start constructing its second desalination plant in January 2025, with completion expected by early…