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Africa News
Kenya’s economy forecast to grow by 6.3% in ’24
Kenya's economy is anticipated to achieve a growth rate of 6.3 per cent this year, surpassing the estimated 6.1 per…
South Africa’s inflation: a February ascent
South Africa witnessed in February a rise in consumer inflation for the second consecutive month, reaching 5.6 per…
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…