Somalia makes national ID cards mandatory for banking transactions
The move is meant to combat financial crime and restore public trust in financial institutions, the central bank said.
31 Jul, 2025
Ghana cuts benchmark interest rate by 3% as inflation eases
Ghana’s central bank has cut its benchmark interest rate by 3% on the back of easing inflationary pressures.
30 Jul, 2025
Ghana cancels $1.2 billion bauxite deal, eyes global partnership
Ghana has cancelled a $1.2 billion bauxite lease with local firm Rocksure International, seeking a partnership, instead, with a big overseas company.
28 Jul, 2025
IMF unlocks $184m loan for Zambia recovery after severe drought
The copper-rich Southern African country is recovering from a severe regional drought, which curbed economic growth.
26 Jul, 2025
Nigeria’s central bank pledges to keep policy tight
Egypt’s current account deficit narrows to $13.2b in nine months
US exports more crude to Nigeria than it imports for first time in history
Zimbabwe’s export of minerals used in battery production surges 30%
AfDB offers Morocco $116m loan to support sustainable agriculture
21 Jul, 2025
Sudan restricts WhatsApp video, voice calling services for ‘national security’
The measure will take effect from Friday, the authorities say.
17 Jul, 2025
Ghana central bank convenes emergency meeting on economy
Ghana’s central bank has convened an emergency meeting of its Monetary Policy Committee to assess the country’s recent economic developments.
17 Jul, 2025
Ugandan and Zambian currencies could gain in days ahead
The Ugandan and Zambian currencies are expected to strengthen in the next week to Thursday.
16 Jul, 2025
Zimbabwe aims to break ground for $270m new lithium plant this year
Zimbabwe’s Kuvimba Mining House plans to begin construction of a $270-million lithium concentration plant at its Sandawana mine in the third quarter of 2025.
16 Jul, 2025
South Africa’s Eskom targets mainly clean energy sources by 2040
South African state-owned power utility Eskom aims to shift to mainly clean energy sources by 2040 from its current predominantly coal-based generation fleet.
16 Jul, 2025
Egypt confident of meeting preconditions for $8 billion external loan
Egypt’s Finance Minister Ahmed Kouchouk has said that he is confident Egypt is hitting targets set by a crisis lender over the country’s $8 billion loan programme.
16 Jul, 2025
Nigeria’s inflation falls for third month in June
Nigeria’s headline inflation rate fell for the third straight month in June, to 22.22% year-on-year from 22.97% in May, data from its statistics agency showed on Wednesday.
15 Jul, 2025
Egypt’s military-linked agency to oversee new exchange for commodity imports and exports
Egypt plans to launch a revamped national commodity exchange to oversee imports and exports of essential agricultural goods, the country’s presidency has said.
15 Jul, 2025
Morocco’s economic growth to slow to 4% in 2026, statistics agency says
Morocco’s economic growth is likely to slow down to 4% next year from 4.4% expected this year, the official statistics agency HCP said on Tuesday.
15 Jul, 2025
Senegal working on rebasing country’s GDP, finance ministry says
Senegal has begun recalculating its gross domestic product using an updated base year in a move that could result in an improvement in its debt metrics.
