In a significant shift in South Africa’s monetary policy, the South African Reserve Bank (SARB) has lowered interest rates for the first time since 2020, signaling optimism regarding inflation control and economic recovery. This move follows global trends of easing financial conditions and offers a potential stimulus to South Africa’s struggling economy, which has been […]

A Temporary Respite for Burundi After weeks of fuel shortages that severely disrupted daily life and businesses across Burundi, a temporary relief came this week as petroleum supplies finally arrived, allowing the fuel queues that had become a common sight in Bujumbura, the country’s commercial capital, to disappear. The scarcity had led to widespread complaints […]

Nigeria’s agricultural sector has undergone a remarkable transformation in recent years, particularly in the fertiliser industry, which has witnessed an exponential increase in production capacity. According to Sadiq Kassim, President of the Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN) and Director of Corporate Affairs at Tropical General Investment (TGI) Group, the country’s fertiliser production […]

The Africa Export-Import Bank (Afreximbank) has reaffirmed its dedication to fostering economic growth on the African continent, particularly through the support of small and medium-sized enterprises (SMEs) engaged in agribusiness. This announcement came as Mrs. Oluranti Doherty, the Managing Director of Export Development at Afreximbank, reiterated the bank’s commitment to scaling up financial support to […]

The operational phase of the African Continental Free Trade Area (AfCFTA) marks a pivotal moment for the African Union’s vision of economic integration, representing the collective aspiration of African nations to foster trade, economic growth, and sustainable development across the continent. On July 7, 2019, at the 12th Extraordinary African Union Summit in Niamey, Niger, […]

South Africa’s tourism sector is witnessing an impressive resurgence, with Euromonitor International reporting a 40% increase in tourist arrivals in 2023, reaching over eight million visitors. This marks a significant milestone for the country, which is recovering from the impact of the COVID-19 pandemic, as it approaches nearly 90% of its pre-pandemic tourist numbers. Projections […]

A new report by the African Export-Import Bank (Afreximbank) reveals that East Africa is now the most indebted region on the continent. This growing debt crisis is affecting economic stability across African nations, triggering divestment, declining investor confidence, and threatening the region’s ability to service its loans. The issue of indebtedness has been compounded by […]

Introduction In the face of global economic and geopolitical instability, African nations are increasingly turning to gold as a hedge against financial uncertainty. This trend comes amid rising inflation, currency volatility, and concerns over the reliance on global financial systems. Gold, traditionally viewed as a safe-haven asset, has gained prominence in many African central banks’ […]

For decades, Nigeria, Africa’s largest economy, has been heavily reliant on its oil industry. However, with the global shift towards renewable energy and electric vehicles (EVs), the country is now eyeing the booming global lithium market as a potential new source of economic growth. With the world transitioning to cleaner energy sources, lithium, a key […]

The Federal Government of Nigeria has reassured citizens that the price of petrol will stabilize as supply increases across the country. This announcement comes amid concerns over rising fuel prices, which have put additional strain on the already challenged economy. Background: Deregulation of Nigeria’s Petroleum Sector In recent years, Nigeria has undergone significant changes in […]