The Zambian government has announced an ambitious fiscal consolidation strategy targeting a dramatic reduction in its budget deficit as part of a newly approved medium-term economic framework covering 2026–2028. The comprehensive plan, recently endorsed by Cabinet and presented by Finance Minister Situmbeko Musokotwane, aims to strengthen fiscal discipline, restore macroeconomic stability, and rebuild investor confidence […]

Zimbabwe has taken a decisive step toward transforming its economic trajectory with the successful deployment of a revolutionary Tax and Revenue Management System (TaRMS), marking the culmination of a comprehensive digital transformation initiative that could serve as a blueprint for addressing Africa’s massive revenue mobilization challenges. The African Development Bank-funded project, officially launched on August […]

Nigeria’s money markets experienced significant repricing on Wednesday as overnight lending rates fell 100 basis points to 25.5% following the Central Bank of Nigeria’s historic decision to cut its benchmark rate for the first time since 2020. The rate adjustment, coupled with a surge in banking system liquidity to 3 trillion naira ($2.02 billion), marks […]

The Central Bank of Nigeria (CBN) has made a decisive turn in its monetary stance by trimming its Monetary Policy Rate (MPR) by 50 basis points, lowering it from 27.5% to 27%. The move, announced after the 302nd Monetary Policy Committee (MPC) meeting on September 22–23, 2025, marks the first policy rate cut in five […]