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Nigerian President Bola Tinubu has sought Senate approval for a $516.3 million foreign loan to develop the Sokoto-Badagry Superhighway, aimed at enhancing trade between Nigeria’s agrarian north and Lagos.
The Lagos-based institution is targeting financial close by the fourth quarter of 2027, with construction expected to begin immediately after funding is secured and completion slated for 2030.
South Africa’s consumer price index rose to 3.1% year-on-year in March 2026, aligning with forecasts and remaining within the Reserve Bank’s target range. Key drivers included increased housing costs and a slight rise in core inflation.
Oyedele’s appointment marks a rapid elevation, coming just weeks after he was named Minister of State for Finance in an earlier reshuffle.
According to stakeholders, closing the gap will depend on building credible project pipelines, strengthening regulatory frameworks, and deploying blended finance tools to attract private capital.
Uganda’s central bank has made its inaugural purchase of domestically mined gold, launching a three-year pilot program to bolster the country’s foreign reserves.
The Democratic Republic of Congo’s central bank will impose strict restrictions on cash transactions in US dollars and foreign currencies starting April 9, 2027, aiming to combat money laundering and bolster the local franc.
The shift marks a potential turning point in the management of the naira after years of heavy central bank involvement to stabilise the currency amid chronic dollar shortages.
Nigeria is set to implement a new green tax surcharge on motor vehicles with larger engines starting July 1, 2026.
The borrowing plans come even as Angola— Africa’s second-largest oil producer— stands to benefit from a surge in crude prices linked to the Middle East crisis
The crossover was driven by Zimbabwe’s largest-ever listing, as telecoms tycoon Strive Masiyiwa moved infrastructure spin-off Econet InfraCo to the dollar exchange at a $1 billion valuation.
The transaction comes as credit rating agencies maintain a stable outlook on Rwanda, with Fitch and Moody’s both signalling improving fiscal metrics and continued reform momentum.
The move comes as Africa’s fourth-largest economy attempts to preserve a fragile disinflation trend which saw headline inflation drop to 15.06% in February from a peak of about 33% in December 2024.
Beyond the immediate fiscal impact, authorities are increasingly concerned about fuel availability as supply disruptions persist along key global shipping routes.
Germany has announced a €200 million concessional climate loan to South Africa to modernize its power grid and boost renewable energy efforts. This funding, part of a new action plan, aims to address South Africa’s energy challenges and enhance cooperation on green technologies.
The IMF has advised Kenya to classify future tax revenues pledged for infrastructure projects as public debt, potentially complicating President Ruto’s funding strategy.
Aliko Dangote is set to list shares of his $20 billion Dangote Petroleum Refinery on multiple African stock exchanges, marking a pivotal move for regional capital market integration.
Fitch Ratings projects Nigeria’s gross foreign exchange reserves to decline slightly to $47 billion by the end of 2026, influenced by increased government spending and external risks.
The bond was issued in two tranches, with coupons set at 8.75% and 9.5%, reflecting lower-than-expected yields as strong demand enabled the sovereign to lower borrowing costs.
The Cairo-based lender said on Thursday that it successfully issued Samurai and Panda bonds across Japan and China during the year, underscoring its continued access to global capital.
