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The bank’s performance comes amid economic turbulence driven by high interest rates, geopolitical risks, and political uncertainty.
Despite adverse climate conditions and logistical challenges, South Africa’s agricultural export earnings soared to a record-high in 2024, boosting trade balance.
Despite the persistent decline in business conditions in the sector, manufacturers remain cautiously optimistic about the medium-term outlook.
After a prolonged regulatory battle, Namibia’s Trustco banks finally shuts down, transferring all unclaimed deposits and accrued interests to the Guardian fund
The Gold-for-Oil program was introduced in 2022 to reduce Ghana’s dependence on the dollar as FX to purchase oil for international suppliers.
Stricter ground rent enforcement could impact loans, mortgages, and real estate finance, raising risks for banks and property owners.
Kenya’s inflation has been on a steady rise since November 2024, after months of sustained decline.
Although Nigeria’s revenue growth was positive during the period, it fell far below expenditure despite low capital spending.
Zambia is one of the worst-hit by the El-Niño weather phenomenon which has led to severe droughts and food shortages.
Despite a strong export performance in January, Malawi’s economy remains in distress as its foreign exchange crisis worsens .
Despite strong operational growth in H2 2024, FirstRand’s ability to manage asset quality remains critical in avoiding stricter regulatory scrutiny
The loan will finance six development projects cutting across critical sectors of the Nigerian economy.
As inflation bites harder and the local currency plummets, the new minimum wage will have minimal impact on the purchasing power of public sector workers, offering little relief in the face of soaring costs.
Following a major overhaul of its tax structure in 2024, Namibia’s tax revenue surged to $4.3 billion in January 2025, driven largely by customs and excise duties
South Africa saw a slight uptick in inflationary pressures in January, following an overhaul of the CPI basket. Despite the increase, inflation remains within the SARB’s target band.
Driven by growth in the services sector, Nigeria’s economy expanded by 3.8% in the three months through December 2024, the fastest growth recorded in three years.
Kenya’s KCB bank has secured a $100 million funding from UK’s top development investor, BII, shoring up its capital reserves.
Senegal’s credit rating has been further downgraded by Moody’s following reports indicating a significantly higher debt burden and weaker fiscal position than previously estimated.
Bondholders claim that the IMF report exaggerates how much debt relief Ethiopia needs considering the recorded surge in the county’s gold and coffee exports.
Mrs Uche Uzoebo, pioneer Chief Distribution and Stakeholder Engagement Officer of SANEF takes over from Mrs Ronke Kuye as MD/CEO of SANEF limited.