The Economic Community of West African States (ECOWAS) is embarking on a decisive journey to redefine its economic future, with regional leaders reaffirming a steadfast commitment to reshaping economic diplomacy and forging a truly integrated and prosperous West Africa. At the heart of this renewed resolve is a clear recognition that the region’s long-standing narrative […]

In a powerful testament to its escalating commitment to Africa’s economic development, China has significantly intensified its engagement with the continent, injecting more than US$22.85 billion in fresh investments and funding within the first five months of 2025 alone. This unprecedented financial flow coincides with a record-high trade volume of US$134 billion between China and […]

In a move reflecting a cautious stance amidst a complex global economic landscape, the Bank of Namibia (BoN), the nation’s central bank, announced on Wednesday its decision to keep its main interest rate, the repo rate, unchanged at 6.75%. This marks the second consecutive Monetary Policy Committee (MPC) meeting where the rate has been held […]

The South African sugar industry, a vital component of the nation’s agricultural economy and a cornerstone of rural livelihoods, is facing an existential threat. SA Canegrowers, the representative body for the country’s sugarcane farmers, has issued a dire warning: a relentless influx of cheap, often subsidised, sugar imports is imperiling thousands of jobs and destabilising […]

Accra, Ghana & Abidjan, Ivory Coast: In a significant standoff shaking the African mining sector, major gold producers operating in Ghana and Ivory Coast are refusing to comply with new tax increases imposed this year. Industry sources indicate that these companies argue the revised regulations flout the terms of their existing licence agreements, raising fundamental […]

The fourth China-Africa Economic and Trade Expo (CAETE), which concluded on Sunday, June 15, 2025, in Changsha, has set new benchmarks for collaboration, announcing a remarkable 176 signed projects valued at $11.4 billion. This represents a significant 45.8% increase in the number of projects and a 10.6% rise in total value compared to the previous […]

Across East Africa, a palpable sense of anticipation filled legislative chambers as finance ministers from the East African Community (EAC) member states presented their national spending plans for the 2025/26 fiscal year. From Kenya’s bustling capital to Rwanda’s hills, Uganda’s resource-rich plains, and Tanzania’s vibrant coast, these budgets are more than just numbers on a […]

In a powerful declaration of global solidarity and economic partnership, China has announced the full implementation of zero-tariff treatment on 100 percent of tariff lines for products from 53 African countries, including Kenya. This monumental move, taking effect last December, was unveiled by Chinese Foreign Affairs Minister Wang Yi on Wednesday, June 11, 2025, during […]

In a pivotal stride towards redefining its role as a bedrock of national development, Nigeria’s Federal Inland Revenue Service (FIRS) has officially unveiled its revised Standard Operating Procedure (SOP). This comprehensive update, announced by FIRS officials on Monday, is far more than a bureaucratic adjustment; it is a strategic declaration designed to inject unprecedented levels […]

A new era in global finance is set to dawn for Africa with the imminent launch of its own continental credit rating agency. By the end of September, the African Credit Rating Agency (AfCRA) is poised to begin operations, a monumental step designed to directly challenge the long-standing dominance of established global firms like Fitch […]