The Washington-based lender noted that despite recent fiscal slippages, bold corrective steps by the new administration have kept programme goals within reach, buoyed by strong export earnings, rising reserves and renewed commitments to fiscal discipline.| Finance in Africa
The country’s new gold regulator has also suspended the trading licences of all foreign traders, effective immediately, as it moves to centralise control of artisanal gold exports.| Finance in Africa
Despite the apparent drop in headline inflation, Nigerians continue to face high costs of essentials amid ongoing economic challenges.| Finance in Africa
Nigeria’s central bank has held its benchmark interest rate at 27.5%, as it weighed slowing inflation against lingering economic pressures.| Finance in Africa
Nigeria is set to receive a $500 million loan from the African Development Bank (AfDB) to support its ongoing economic reforms.| Finance in Africa
Kenya is set to launch a sovereign wealth fund and an infrastructure fund, as the government looks to finance key sectors through asset sales.| Finance in Africa
Malawi’s newly elected president, Peter Mutharika, has reappointed Joseph Mwanamvekha as finance minister, according to an official statement.| Finance in Africa
The central bank has indicated it could lower its benchmark rate if inflationary pressures persist in easing.| Finance in Africa
Egypt’s annual inflation slowed for the fourth straight month in September, falling to 11.7% from 12% in August, according to CAPMAS .| Finance in Africa
Kenya’s inflation accelerated in August to 4.5% from 4.1% in July, hitting a 14-month high after the CBK delivered its seventh consecutive rate cut.| Finance in Africa
Among African countries hit by Trump’s tariff overhaul, Kenya fared relatively well, receiving the baseline 10% rate—offering it some breathing space amid broader trade disruptions.| Finance in Africa
Ghana’s annual consumer inflation slowed for the ninth consecutive month in September, easing to 9.4% from 11.5% in August.| Finance in Africa
The directive comes as banks prepare to meet a new total core capital requirement of $77.7 million by 2029.| Finance in Africa
Malawi has secured a $350 million grant from the World Bank to support the development of a landmark hydropower storage project.| Finance in Africa
Egypt’s strong performance in the last fiscal year suggests growing investor confidence and capacity to meet its hefty debt obligations.| Finance in Africa
Ghana will begin refining gold locally from October 2025 as part of efforts to lift export revenue and strengthen its position in the bullion trade| Finance in Africa
Botswana has established a new sovereign wealth fund to stabilise its ailing economy, amid falling diamond revenues.| Finance in Africa
Despite gaining four points in March, the PMI remains below the 50-point threshold, indicating ongoing contraction in the sector.| Finance in Africa
Egypt has secured $1.8bn in financing from the International Islamic Trade Finance Corporation (ITFC) since the start of 2025.| Finance in Africa
South Africa’s gross domestic product expanded by 0.8% compared to a marginal 0.1% in the first quarter, according to the latest official data.| Finance in Africa
Kenya’s insurance industry saw net earnings fall 42% in Q1 2025 to $38 million, from $66 million a year earlier, according to the IRA.| Finance in Africa
Ghana’s economy expanded by 6.3% in Q2 2025, compared with a revised 5.7% a year earlier, according to the latest GDP report.| Finance in Africa
The headline PMI rose to 50.8 from 50.2 in July, staying above the 50.0 no-change mark for the seventh straight month according to S&P Global.| Finance in Africa
As of the second quarter of 2025, unemployment in Egypt stood at 6.1%, down from 6.3% in Q1. The labour force expanded to about 33.6 million workers, with 223,000 new entrants recorded, according to the Central Agency for Public Mobilization and Statistics (CAPMAS)| Finance in Africa
Nigeria’s inflation rate slowed for the second month in a row in May, falling to 22.97% from 23.71% in April.| Finance in Africa
In an effort to stabilise the foreign exchange market and improve liquidity, Nigeria’s central bank launched an aggressive dollar injection drive in the first quarter of the year. But despite the scale of intervention, the naira continued to lose ground.| Finance in Africa
