The Bank of Ghana has implemented its third consecutive aggressive interest rate reduction, lowering the monetary policy rate by 350 basis points from 21.5 percent to 18 percent following the conclusion of the central bank’s 127th Monetary Policy Committee meeting on November 26, 2025. This decisive monetary easing marks a pivotal moment in Ghana’s economic […]

Angolan President João Lourenço delivered a forceful call for sweeping reforms to the global financial system during the seventh African Union-European Union summit in Luanda, warning that Africa’s development ambitions are being “stifled by unsustainable debt.” As current chair of the African Union, Lourenço’s remarks underscore the escalating urgency of a debt crisis that now […]

The International Monetary Fund has projected that Ethiopia’s economy will expand by 7.2 percent in 2025, positioning the East African nation among sub-Saharan Africa’s fastest-growing economies despite ongoing regional and global economic headwinds. This robust growth forecast reflects the country’s aggressive pursuit of structural reforms, successful debt restructuring efforts, and diversification initiatives aimed at building […]

A historic global clean-energy mobilization campaign jointly spearheaded by Ursula von der Leyen, President of the European Commission, and Cyril Ramaphosa, President of South Africa, has successfully secured €15.5 billion in comprehensive financial commitments to support Africa’s ambitious transition toward renewable energy sources and modern electricity infrastructure. This landmark achievement represents one of the most […]

After years of delays, financial obstacles, and environmental contention, Uganda’s transformative ambition to become a regional oil exporter has taken a decisive step forward with the East African Crude Oil Pipeline (EACOP) reaching seventy-five percent completion. The milestone, announced by Uganda’s Petroleum Authority on Wednesday, marks significant progress in one of Africa’s most ambitious and […]

South African commercial row-crop farmers are pioneering a new era of climate-positive agriculture through UPL Corporation’s Smart Climate Ag programme, which enables them to earn additional income from verified carbon credits while adopting environmentally sustainable farming practices. The initiative represents a significant breakthrough in aligning agricultural productivity with environmental stewardship, offering farmers financial incentives for […]

A high-level panel of financial experts and economists has issued a compelling call for the Group of 20 (G20) major economies to significantly strengthen their oversight and regulation of global credit rating agencies, following mounting evidence that these institutions employ methodologically flawed assessment frameworks that systematically disadvantage African governments and artificially inflate their borrowing costs […]

The Democratic Republic of Congo (DRC) has achieved a major milestone, completing the integration of its customs data exchange system with the East African Community’s (EAC) Single Customs Territory (SCT). This technical readiness means that, beginning November 28, the DRC will formally join Kenya, Uganda, Tanzania, and Rwanda on the centralized customs platform, dramatically altering […]

The Federal Government of Nigeria has announced a landmark 60 percent increase in the nation’s health budget, marking one of the most significant healthcare funding commitments in recent Nigerian history and signaling President Bola Ahmed Tinubu’s administration’s determination to revitalize a health sector that has long struggled with chronic underfunding, infrastructure deficits, and workforce challenges. […]

Nigeria has taken a decisive step toward cementing its position as a digital economy leader in Africa with the advancement of the National Digital Economy and e-Governance Bill 2025 at a landmark public hearing held at the National Assembly Complex in Abuja. The joint session, convened by the Senate and House of Representatives Committees on […]