News
Investors position for ₦1.2trn bond auction
1+ hour, 57+ min ago (77+ words) Investors have turned their attention to next week Monday's bond auction where the Debt Management Office plans to raise 1.2 trillion naira. This follows this week's Treasury Bills Auction where 1.2 trillion naira was raised. Traders at Access Bank say they expect…...
CardinalStone: Nigeria's macro outlook constructive despite global risks
23+ hour, 25+ min ago (672+ words) Nigeria’s near-term macroeconomic outlook remains constructive, supported by stronger fiscal fundamentals, improved external balances and a more stable foreign exchange market, according to analysts at CardinalStone, even as they warned that global geopolitical shocks, persistent inflation and uneven transmission of…...
Nigeria's inflation moderates to 15.9% in June
1+ day, 1+ hour ago (777+ words) Nigeria’s headline inflation rate slowed marginally to 15.91% in June from 15.93% in May, a modest decline that is reinforcing market expectations that the Central Bank of Nigeria’s Monetary Policy Committee will likely keep interest rates unchanged at its next meeting, even…...
Mathey: Côte d'Ivoire’s economic 2026 outlook brighter than ever
1+ day, 1+ hour ago (351+ words) Côte d’Ivoire is on course to remain one of Africa’s standout growth stories in 2026, with a mix of policy continuity, infrastructure spending, cocoa-sector restructuring and emerging energy developments helping underpin a resilient medium-term outlook. That was the broad assessment from…...
Dubai’s DMCC signs pact with Botswana Stock Exchange to build Africa’s first sister-hub trade corridor
1+ day, 46+ min ago (509+ words) Dubai’s DMCC signed a strategic memorandum of understanding with the Botswana Stock Exchange Group on Wednesday, establishing what the two parties describe as Africa’s first multi-commodity sister-hub trading corridor between Dubai and Gaborone. The agreement links the Botswana Mercantile Exchange,…...
Malabo Montpellier Panel New Report: Agrifood systems key to Africa's labour crisis
1+ day, 22+ hour ago (471+ words) Africa’s agri-food sector could play a central role in addressing one of the continent’s most urgent economic challenges: a deepening youth employment crisis that now leaves an estimated 70 million young people out of work, education or training, according to a…...
Investors shift focus to ₦600bn T-bills auction
1+ day, 23+ hour ago (23+ words) CNBC Africa Investors shift focus to ₦600bn T-bills auction Stay ahead of the market...
Uganda’s fiscal deficit to decline to 3% of GDP by 2031, central bank says
1+ day, 19+ hour ago (218+ words) CNBC Africa Uganda’s fiscal deficit to decline to 3% of GDP by 2031, central bank says KAMPALA, July 15 (Reuters) – Uganda’s fiscal deficit is projected to decline to 3% of GDP by the 2030/31 financial year from 6% of GDP this year, helped by a new…...
The state of young South African's finances
2+ day, 21+ hour ago (824+ words) Young South Africans are navigating a difficult financial environment shaped by high living costs, changing work patterns and growing ambitions for financial independence, according to insights from Standard Bank’s latest Youth Barometer. The study, which defines youth as consumers between…...
World Bank classification: What this means for Nigeria's economy
3+ day, 56+ min ago (821+ words) That was the central message from Paul Alaje, senior economist at SPM Professionals, who spoke in a television interview on what the World Bank’s latest classification means for Nigeria’s economic outlook. Alaje said the immediate significance of the classification is…...