Egypt’s c. bank joins PAPSS to boost intra-African trade
The Central Bank of Egypt (CBE) approved joining the Pan-African Payment and Settlement System (PAPSS) in November…
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Nigeria
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…
Nigeria signs $1.2b deal to revamp gas processing plant
Nigeria has taken a significant step towards reviving its dormant aluminium industry by signing a $1.2 billion…
Nigeria’s inflation up in Sept ’24
Nigeria's inflation rate increased to 32.70 per cent in September 2024, up from 32.15 per cent in August, marking a…
IFC, Absa to fund African farmers with $50m trade facility
IFC and South Africa's Absa Group are partnering to provide a $50 million trade finance facility to Valency…
Nigeria’s inflation continues to ease in August
Nigeria's headline inflation rate eased slightly in August 2024, decelerating from 33.40 per cent in July to 32.15…
EU’s agri-food trade surplus holds at €5b in May ’24
The European Union's agri-food trade surplus remained stable at €5 billion in May 2024, slightly down from the same…
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…
Dangote refinery seeks to expand crude imports
Nigeria's Dangote refinery is negotiating with Libya to secure crude for its 650,000 barrels per day (bpd) plant…
Nigeria implements measures to curb food inflation
Nigeria is tackling soaring food inflation, the worst in three decades, with new measures. The government plans a…
