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South Africa’s Expropriation Act of 2025 marks a historic shift in the country’s land reform policies, replacing the outdated Expropriation Act of 1975.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 […]

The World Bank has revised its economic growth forecast for South Africa, increasing its 2025 GDP projection from 1.6% to 1.8%, citing improvements in energy supply and logistics infrastructure as key drivers. The latest South Africa Economic Update report, released on Tuesday, attributes these gains to structural reforms initiated by the government. Additionally, the World […]

In a significant move aimed at addressing long-standing pension arrears, Nigeria’s Federal Executive Council (FEC) has approved the issuance of a Federal Government bond worth N758 billion (approximately $509.3 million). This decision, which was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, marks a crucial step toward clearing the […]

In a significant economic development, Egypt’s non-oil private sector expanded in January 2025, marking its first growth since August and achieving its best performance in over four years. This positive trend is highlighted by S&P Global’s Purchasing Managers’ Index (PMI), which rose to 50.7 in January from 48.1 in December. A PMI reading above 50.0 […]

In a move that has sparked international controversy, former President Donald Trump has announced his intention to halt U.S. aid to South Africa, citing the country’s controversial land expropriation policies. Trump’s remarks have already had significant economic repercussions, with the South African rand plunging by 2% in Asian trading on Monday, as concerns mount over […]