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Business

Business, finance, and economic development

Standard Bank Posts 10% Profit Jump on Fee and Trading Growth
Finance & Banking

Standard Bank Posts 10% Profit Jump on Fee and Trading Growth

Africa's biggest lender by assets, Standard Bank Group, delivered record headline earnings of R26.1 billion for the firs...

By James A. Abi 3 weeks ago
IFC Invests $25 Million in Jumia to Expand Africa's E-commerce Infrastructure
Investment

IFC Invests $25 Million in Jumia to Expand Africa's E-commerce Infrastructure

The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, has announced a $25 million...

By James A. Abi 3 weeks ago
Botswana and Nigeria Seek to Expand Trade Horizons Under AfCFTA
Trade

Botswana and Nigeria Seek to Expand Trade Horizons Under AfCFTA

Botswana and Nigeria have committed to expanding bilateral trade and investment under the African Continental Free Trade...

By James A. Abi 3 weeks ago
Rand Steady Near Five-Month High Despite Rising Unemployment
Economy

Rand Steady Near Five-Month High Despite Rising Unemployment

The South African rand remained steady in early trade on Wednesday, holding near a five-month high against the dollar de...

By James A. Abi 3 weeks ago
SA Official Unemployment Rate Rises to 33.6%
Economy

SA Official Unemployment Rate Rises to 33.6%

South Africa's official unemployment rate has risen to 33.6% in the second quarter of 2026, up from 32.7% in the first q...

By James A. Abi 4 weeks ago
How African Central Banks Fight Deflation
Finance & Banking

How African Central Banks Fight Deflation

When prices begin falling across an economy, cheaper goods may sound like good news. However, prolonged deflation can ha...

By Rodah Muchembi 4 weeks ago
South Africa Secures $500 Million AIIB Loan to Boost Urban Infrastructure

South Africa Secures $500 Million AIIB Loan to Boost Urban Infrastructure

South Africa has signed a $500 million sovereign-backed loan agreement with the Asian Infrastructure Investment Bank to ...

By James A. Abi 4 weeks ago
Fuel Prices Confirmed: Petrol Price Cut and Diesel Hike Smaller Than Expected

Fuel Prices Confirmed: Petrol Price Cut and Diesel Hike Smaller Than Expected

South African motorists will pay less for petrol from Wednesday, 5 August, as a massive reduction in the slate levy push...

By James A. Abi 1 month ago
NSE Market Capitalization Surpasses KSh4 Trillion as Blue-Chip Rally Fuels Investor Confidence
Markets

NSE Market Capitalization Surpasses KSh4 Trillion as Blue-Chip Rally Fuels Investor Confidence

Nairobi, Kenya — The Nairobi Securities Exchange (NSE) has crossed the KSh4 trillion market capitalization mark, under...

By Wambua Kiseli 1 month ago
Nigeria Approves $4.5 Billion Refinancing of NNPC Oil-Backed Facility
Investment

Nigeria Approves $4.5 Billion Refinancing of NNPC Oil-Backed Facility

Nigeria's National Economic Council has approved the refinancing of NNPC Limited's $3.3 billion oil-backed pre-export fi...

By James A. Abi 1 month ago
Revitalising Ghana's Economy Under President John Mahama

Revitalising Ghana's Economy Under President John Mahama

Former President John Dramani Mahama has outlined an economic agenda focused on revitalising Ghana's economy through tax...

By James A. Abi 1 month ago
SARB Holds Rates at 7% Despite Rising Inflation

SARB Holds Rates at 7% Despite Rising Inflation

The South African Reserve Bank unexpectedly kept its benchmark repo rate unchanged at 7% on Thursday, defying market exp...

By James A. Abi 1 month ago