New interest rate to be decided as Nigeria’s Monetary Policy Committee meets today
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) reconvenes today to discuss the nation's economic trajectory. With inflation rates still disturbingly high at 32.15%, the MPC…
Rwanda joins regional stock market, targets revenue boost
The Rwanda Stock Exchange (RSE) has joined the regional stock market in East Africa. It is the latest entrant to the market, which the regional stock exchange sees as a…
Zimbabwe’s new currency under pressure five months after its launch
Zimbabwe’s new currency is under pressure five months after its launch amid rising food prices and a declining exchange rate. This has put at risk the government’s plan to have…
Botswana awards first Manganese mining license to boost economic growth
Botswana, the world's largest diamond producer by value, has awarded Giyani Metals a 15-year mining license for the extraction and processing of manganese. This milestone marks the country's entry into…
South Sudan to reduce corruption with new cashless policy
South Sudan's government has launched an initiative to transition the country to a cashless economy, encouraging civil servants to adopt electronic payment platforms. This initiative, launched by the Ministry of…
Can African Leaders adopt the Chinese model to boost financial growth?
China, a global powerhouse in terms of economic growth and influence, has attracted significant attention in recent years. With a GDP of over $14 trillion, it is the second-largest economy…
World bank to drive clean-energy solution with $90 billion
The World Bank is set to drive clean-energy solution in Nigeria and across Africa with the new $90 billion electricity fund. Through the fund, it aims to provide reliable power…
South Africa’s Central Bank cuts interest rates for first time in four years
The South African Reserve Bank (SARB) has lowered its benchmark interest rate by 25 basis points to 8%, marking the first rate cut since 2020.This decision follows the U.S. Federal…
Coca-Cola Company to invest $1bn in Nigeria
Coca-Cola has made a significant commitment to Nigeria's economy, pledging to invest $1 billion over the next five years. This announcement was made during a meeting between President Bola Tinubu…
Nigeria targets ₦150billion from bond market in September 2024
The Nigerian government is looking to raise ₦150billion from the bond market this month. The bond is part of the government's strategy to bridge budget deficit. It comes after the…
