Tinubu creates new Credit Guarantee Company with N100 billion initial capital
Nigerian President, Bola Tinubu has established a new Credit Guarantee Company called National Credit Guarantee Company Limited (NCGC). Tinubu had in his 2025 New Year message announced plans to increase…
Ethiopia leads Africa’s economic growth with 8.1% GDP expansion
Ethiopia has emerged as Africa’s fastest-growing economy in 2025, achieving an 8.1% GDP growth rate, according to the latest figures from the International Monetary Fund (IMF).This growth, the highest on…
Egypt has approves a $388 million project for renewable energy
The Egyptian government has granted certifications to four companies selected as part of the country's newly adopted power contract model. The initiative will allow private energy generators to generate and…
Tinubu seeks new $21.5 billion foreign loan
President Bola Ahmed Tinubu has formally requested Nigeria’s National Assembly to approve a fresh foreign borrowing plan totaling $21.5 billion, alongside €2.19 billion, 15 billion Japanese yen, and a €65…
South Africa emerges Africa’s largest fuel importer
South Africa has overtaken Nigeria as Africa’s largest importer of refined petroleum products, marking a major shift in the continent’s oil market. According to data from energy consultancy CITAC, Nigeria’s…
Ghana’s Cedi rises by 40% against US dollar, easing debt
Ghana’s cedi currency has jumped by 40% against the U.S. dollar this year, indicating a better performance than neighbouring countries. far outperforming its African and emerging market peers, shrinking the…
Nigeria’s latest bond offer records 735% subscription
The Debt Management Office (DMO) says the latest Sukuk bond offering has recorded a total of 2.205 trillion naira, representing an oversubscription by 735%, the highest since 2017.DMO had announced…
AfDB revises Africa’s 2025 growth outlook amid rising trade tariff concerns
Africa's economic performance is expected to rise by 3.9% this year, the African Development Bank said in its African Economic Outlook on Tuesday. This year's forecast covers all 54 member…
Ghana stock exchange leads West Africa with over 30% Q1 growth
The Ghana Stock Exchange (GSE) has emerged as West Africa’s top-performing market in the first quarter of 2025, recording a 30% gain in its main index. The financial stock index…
The 5 Best Performing Nigerian Banks in 2024
Nigerian banks showcased impressive financial performance in 2024, largely driven by a high-interest rate environment and significant gains from repriced foreign exchange assets. A detailed analysis of 10 major publicly…
