Somalia has started its first offshore oil drilling with Turkey’s Cagri Bey, aiming to boost the economy and strengthen long-term regional energy partnerships.
Somalia begins first offshore oil drilling with Turkey’s help Read More »
Ghana has removed its Covid recovery levy and cut VAT to modernise its tax system and support economic growth as inflation eases and GDP strengthens.
Ghana drops recovery levy and trims VAT to stimulate wider growth Read More »
Ethiopia highlights maritime access as vital for Horn of Africa prosperity and urges neighbours to pursue dialogue.
Ethiopia urges calm and stresses Red Sea access for regional growth Read More »
Ghana’s central bank cut its benchmark interest rate to 25 percent amid easing inflation and a stronger currency.
Ghana’s central bank cuts rate as inflation eases Read More »
Ghana has revised its 2025 fiscal deficit target downward after stronger-than-expected economic performance and improved financial discipline in the first half of the year.
Ghana narrows 2025 deficit as economy beats expectations Read More »
Senegal has raised its 2025 budget deficit forecast to 7.82% of GDP due to lower revenue expectations and revised GDP figures, amid ongoing fiscal pressure.
Senegal raises 2025 budget deficit forecast amid fiscal strain Read More »
The World Bank loan aims to ease South Africa’s infrastructure bottlenecks and help create jobs while tackling economic challenges.
South Africa gets $1.5B loan to boost infrastructure, economy Read More »
African leaders meet in Luanda for the US-Africa Business Summit to boost trade and investment opportunities
US-Africa Summit opens in Luanda with key leaders Read More »
It remains one of the highest in the world, and the country faces economic uncertainty due to potential cuts in US aid.
Jobless rate down in South Africa, but challenges remain Read More »
The rebasing, which reflects changes in consumption patterns, has led to a lower inflation figure than previously reported.
Rebased data shows lower inflation rate in Nigeria Read More »
