A new report by Sauti East Africa—a women-led social enterprise based in Kenya—has highlighted the crucial role that agricultural value chains play in driving East Africa’s economic growth. The study, published on February 20, 2025, at 10:09 am by journalist Madhumita Paul, provides an in-depth look at how micro, small, and medium enterprises (MSMEs) across […]

In a move aimed at restoring international trust and addressing decades-old disputes, Zimbabwe has announced plans to compensate 94 former white farmers of foreign origin who were displaced during the land reform program initiated under former President Robert Mugabe in the early 2000s. The government will pay a total of $146 million in compensation to […]

The 2025 Macroeconomic Performance and Outlook (MEO) report, released by the African Development Bank (AfDB) on Friday, February 14, 2025, presents a cautiously optimistic picture of Africa’s economic trajectory. Despite facing global economic uncertainties, inflationary pressures, and structural weaknesses, the continent is expected to see real GDP growth of 4.1% in 2025 and 4.4% in […]

Nigeria has successfully met the Organisation of Petroleum Exporting Countries (OPEC)’s crude oil production quota of 1.5 million barrels per day (bpd) for the first time since the quota was established in November 2023. This milestone, reported in OPEC’s January 2025 Monthly Oil Market Report, marks a significant turnaround for Africa’s largest oil producer, which […]

Saudi Arabia and Rwanda have taken a significant step toward enhancing their economic partnership by establishing a joint business council aimed at fostering bilateral trade and investment. The agreement was formalized during the Saudi-Rwandan Business Forum held in Kigali, Rwanda’s capital. The event saw the participation of a high-level delegation from the Federation of Saudi […]

Rising diplomatic tensions between the United States and South Africa are sending economic shockwaves throughout Southern Africa, with Namibia’s central bank governor warning that the dispute could have serious repercussions for Namibia’s financial stability and overall economic growth. At the heart of the issue is President Donald Trump’s recent executive order freezing all U.S. aid […]

South Africa’s Expropriation Act of 2025 marks a historic shift in the country’s land reform policies, replacing the outdated Expropriation Act of 1975. The new law introduces a more transparent and structured framework for land expropriation, ensuring that compensation principles align with constitutional mandates. The 1975 Act, originally drafted during the apartheid era, favored state […]

In a historic development, Nigeria and Bahrain have officially signed a landmark trade and diplomatic agreement aimed at strengthening bilateral ties, fostering economic cooperation, and facilitating investments between the two nations. This agreement represents a crucial step in deepening economic collaboration and opening new opportunities for businesses and investors in both countries. The signing took […]

 The African Union (AU) is set to take a historic step in reshaping the global financial landscape with the establishment of the Africa Credit Rating Agency (AfCRA). The agency, which will be officially launched next week during the 37th AU Ordinary Summit, aims to counteract biases in existing global credit rating systems and provide fairer, […]

The Reserve Bank of Zimbabwe (RBZ) has opted to maintain its key interest rate at 35%, signaling a commitment to a tight monetary policy even as the country’s newly introduced currency, the Zimbabwe Gold (ZiG), continues to depreciate. The decision reflects the central bank’s strategy to curb inflation, stabilize the currency, and restore confidence in […]