News
Faddoul: Nigeria needs to focus on developing, retaining human capital
10+ hour, 20+ min ago (686+ words) Nigeria needs to do more to develop and retain its human capital if it is to unlock the next phase of growth in hospitality and tourism, according to Eko Hotels and Suites Managing Director Ghassan Faddoul, who said the country…...
Post IMF ECF: Ghana transitions to policy coordination instrument
12+ hour, 47+ min ago (780+ words) Ghana has formally moved beyond its Extended Credit Facility (ECF) arrangement with the International Monetary Fund and is now transitioning into a Policy Coordination Instrument (PCI), a non-financial IMF-supported program that analysts say could help lock in fiscal discipline while…...
Mauritius eyes Africa growth
15+ hour, 34+ min ago (742+ words) KIGALI, Rwanda " Business leaders gathering at the Africa CEO Forum in Rwanda are pushing a familiar but increasingly urgent message: Africa must deepen regional integration, scale investment and let private enterprise play a larger role in driving the continent's next…...
Iran war pushed platinum market into its first surplus in six quarters, the WPIC says
15+ hour, 3+ min ago (352+ words) LONDON, May 18 (Reuters) " The Iran war led to the first platinum surplus in six quarters for the period January to March, the World Platinum Investment Council said, as investment demand fell and high energy prices have made rises in inflation…...
South African rand subdued as traders await inflation data
15+ hour, 12+ min ago (212+ words) JOHANNESBURG, May 18 (Reuters)The South African rand was muted in early Monday trade, with investors holding back ahead of domestic inflation data expected to reflect pressures fromwar in the Middle East. At 0716 GMT the rand traded at 16. 7150 against the dollar,…...
Nigeria's food inflation slows to 16. 06% in April- NBS
3+ day, 11+ hour ago (885+ words) Nigeria's food inflation slowed sharply in April 2026, offering a measure of relief to households battered by elevated living costs, but analysts say the improvement may be fragile unless deeper structural problems in the agricultural economy are addressed. According to data…...
IMF, Ghana agree final review of support programme
3+ day, 6+ hour ago (150+ words) ACCRA, May 15 (Reuters) " Ghana and the International Monetary Fund on Friday announced a staff-level agreement on the sixth and final review of the West African country's support programme. Ghana's presidency said in a statement that the milestone marked the "end…...
Nigeria inflation edges up for second month in April
3+ day, 7+ hour ago (172+ words) ABUJA, May 15 (Reuters) " Nigeria's headline consumer inflation rose for the second month running in April, edging up to 15. 69% year-on-year from 15. 38% in March, data from the statistics office showed on Friday. Africa's most populous nation had made progress taming price pressures…...
Foreign buyers fuel illegal mineral trade in Nigeria, watchdogs warn
3+ day, 8+ hour ago (271+ words) LAGOS, May 15 (Reuters)Nigeria is losing vast mineral revenues to a web of illegal trading networks dominated by foreign buyers, shell companies and armed criminal groups, a joint government-civil society report said, highlighting the scale of illicit activity in the…...
Kenya central bank to hold next rate-setting meeting on June 9
3+ day, 11+ hour ago (80+ words) CNBC Africa Kenya central bank to hold next rate-setting meeting on June 9 NAIROBI, May 15 (Reuters) " Kenya's central bank will hold its next interest rate-setting meeting on June 9, the bank said on its website on Friday. At its last meeting in…...