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Business, finance, and economic development

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 2 months 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 2 months 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 3 months 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 3 months ago
Nigeria Approves $4.5 Billion Refinancing of NNPC Oil-Backed Facility
Investments

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 3 months 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 3 months 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 3 months ago
Catalyst Fund Secures $30 Million to Back Africa's Climate Tech Startups
Entrepreneurship

Catalyst Fund Secures $30 Million to Back Africa's Climate Tech Startups

Catalyst Fund, a pan-African climate-focused venture capital firm, has completed the second close of its debut fund, bri...

By James A. Abi 3 months ago
South Africa's Inflation Jumps to 5% in June, Driven by Fuel and Transport Costs
Economy

South Africa's Inflation Jumps to 5% in June, Driven by Fuel and Transport Costs

Annual consumer inflation in South Africa surged to 5.0% in June 2026, up from 4.5% in May, marking the highest reading ...

By James A. Abi 3 months ago
Africa's Next Unicorns Will Come from Financial Inclusion and Creative Economy — Investors
Entrepreneurship

Africa's Next Unicorns Will Come from Financial Inclusion and Creative Economy — Investors

Africa's next generation of billion-dollar companies is likely to emerge from financial inclusion, the creative economy,...

By James A. Abi 3 months ago
Nigeria Crosses $250m Startup Funding Mark for First Time Since 2022
Entrepreneurship

Nigeria Crosses $250m Startup Funding Mark for First Time Since 2022

Nigeria has regained its position as one of Africa's leading destinations for startup investment after attracting $254 m...

By James A. Abi 3 months ago
South Africa and World Bank Sign $1.5 Billion Development Policy Loan

South Africa and World Bank Sign $1.5 Billion Development Policy Loan

The Government of South Africa and the World Bank have signed a US$1.5 billion Development Policy Loan Agreement aimed a...

By James A. Abi 3 months ago