News
Rwanda: Export Earnings Declined By 30 Percent in November
13+ hour, 53+ min ago (624+ words) The country's balance of formal trade in goods posted a $295 million (about Rwf429 billion) deficit in November, 13.43 per cent higher compared to the same month in 2024 and 3.05 per cent up from October, largely reflecting the drop in export earnings. ALSO READ:…...
Africa: Economic Output Expected to Grow by Four Percent This Year
23+ hour, 31+ min ago (823+ words) The global economy has shown resilience amid turbulence during the past year, including shifting trade policies - yet growth remains subdued and far below pre-pandemic levels, the UN said in a landmark report published on Thursday. The World Economic Situation and…...
Nigeria: Reforms Meet Politics in a High-Stakes Economic Year
5+ day, 16+ hour ago (1063+ words) [This Day] Nigeria reached 2026 at a delicate crossroads, balancing hard-won economic stabilisation against the rising pull of pre-election politics. Inflation has eased, the naira has steadied, and reforms are moving from design to execution, yet campaign spending and fiscal pressures…...
Nigeria: With Reforms, Better Security, Nigeria Could Enter Robust Growth Phase in 2026 - Cppe
1+ week, 4+ day ago (554+ words) Nigeria could enter a stronger and more sustainable growth phase in 2026 if economic reforms were sustained and security challenges addressed, the Centre for the Promotion of Private Enterprise (CPPE) said in its 2025 economic review on Sunday. According to the review…...
Gambia: IMF Explains Why Food Prices Remain High As Inflation Eases
2+ week, 4+ day ago (404+ words) "There is no contradiction; inflation in The Gambia is trending down, just as it is across Sub-Saharan Africa. But we have not yet reached the desired level." He said inflation currently stands at about 6.9 percent, down sharply from 14.2 percent in…...
Kenya: High Food Prices Dampen Christmas Cheer for Kenyans
2+ week, 4+ day ago (198+ words) Nairobi " Kenyans are bracing for a tough Christmas and New Year as the high cost of living continues to strain household budgets, driven by rising prices of key food and fuel items. An analysis by Capital FM Business shows that…...
Africa: South Africa Inflation Slows in November, Boosting Rate-Cut Bets
3+ week, 1+ day ago (184+ words) South Africa's annual inflation slowed more than expected in November, strengthening the case for an interest-rate cut early next year as the central bank shifts toward a lower inflation target. Consumer prices rose 3.5% from a year earlier, down from 3.6% in…...
Kenya Slashes Benchmark Rate to 9 Percent in Ninth Consecutive Cut
3+ week, 5+ day ago (174+ words) Kenya's central bank cut its benchmark interest rate by 25 basis points to 9.0%, extending an easing cycle aimed at lifting bank lending and supporting economic growth. The move marks the ninth consecutive rate cut as policymakers seek to reinforce earlier measures…...
Ghana Growth Slows in Third Quarter As Oil Sector Drags
3+ week, 5+ day ago (173+ words) Ghana's economy expanded 5.5% year on year in the third quarter of 2025, supported by strong growth in agriculture and services, data from the national statistics service show. The pace slowed from 6.3% in the second quarter and 7.0% a year earlier, held back…...
Nigeria's Medium-Term Revenue Projection More Realistic, but Debt Service Remains Worrisome - Report
1+ mon, 1+ day ago (522+ words) Setting aside as much as N15.9 trillion to repay debt, CPPE warned, may also leave little for socio-economic priorities like security, social programmes and investment in infrastructure. Nigeria is taking a new approach towards achieving more realistic revenue projections and preventing…...