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Africa News
S. Africa economy grows in Q2 ’24
South Africa's economy grew by 0.4 per cent in the second quarter of 2024, driven by key sectors such as finance,…
Zimbabwe c.bank injects $190m to stabilise FX market after ZiG launch
Zimbabwe's central bank has pumped $190 million into the foreign exchange market since April to meet increased…
Nigeria’s private sector stable in August
Nigeria’s private sector experienced broadly stable conditions in August, with the Stanbic IBTC Bank Nigeria PMI …
Indonesia to secure $3.5b in African deals
Indonesia is set to finalise $3.5 billion in business deals with African countries during the second…
BRICS New Development Bank approves Algeria membership
Algeria has officially become a member of the BRICS New Development Bank (NDB), according to the bank's president,…
Zambia annual inflation rises to 15.4% in July
Zambia's annual inflation rate for July 2024 increased to 15.4 per cent, up from 15.2 per cent in June 2024.
S. Africa’s producer index up at 4.2% YoY in July
South Africa's Producer Price Index (PPI) for final manufactured goods recorded a 4.2 per cent increase…
IMF approves $7.3m to Guinea-Bissau
The International Monetary Fund (IMF) Executive Board completed the sixth review of Guinea-Bissau’s Extended Credit…
Africa receives $4.61b in loans from China in ’23
Chinese lenders approved $4.61 billion in loans to Africa in 2023, the first annual increase since 2016, according…
WB, EIB fund $260,000 for Kinshasa’s climate resilience
The World Bank and European Investment Bank have provided $260,000 in technical assistance to the City of Kinshasa…
