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Egyptโ€™s inflation creeps back up to 13.6%, ending six-month decline

The unexpected uptick in inflation, coupled with global uncertainty stemming from Trumpโ€™s newly imposed tariffs, has dimmed hopes of a rate cut by the CBE when it meets on April 17.

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Kenya brushes off Trump tariffs, says $100m hit wonโ€™t shake the shilling

Among African countries hit by Trumpโ€™s tariff overhaul, Kenya fared relatively well, receiving the baseline 10% rateโ€”offering it some breathing space amid broader trade disruptions.

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Nigeria posts $6.8bn BoP surplus on hot money inflows, but FDI slump signals caution

While Nigeria’s portfolio investments more than doubled in 2024, foreign direct investment plummeted to nearly half of the previous year’s figure.

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Madagascar faces 60,000 job losses as Trumpโ€™s tariff hit textile sector

With the island nation already grappling with political instability and poverty, the tariff hike raises concerns over its socio-economic stability and growth prospects.ย 

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Kenya cuts benchmark rate to 10% as policymakers prioritise private sector revival

Although private sector lending edged up by 0.2% in March after a February decline, the central bank says borrowing remains sluggish despite falling interest rates since December.

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Nigeriaโ€™s forex crisis rears its ugly head as crude oil prices dip

A $19bn FX reserve boost was meant to stabilise Nigeriaโ€™s economy. But crude oil is crashingโ€”and with it, the naira and 2025 budget optimism.

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South Africaโ€™s budget crisis deepens as VAT hike faces fresh scrutiny

Despite overcoming two major parliamentary hurdles, the budget remains at an impasse as tensions between the countryโ€™s biggest political parties escalate

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Why Nigeria’s $669m currency intervention failed to stabilise the nairaย 

In an effort to stabilise the foreign exchange market and improve liquidity, Nigeriaโ€™s central bank launched an aggressive dollar injection drive in the first quarter of the year. But despite the scale of intervention, the naira continued to lose ground.

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Libya devalues dinar by 13.3% as debt piles and political divisions widen

Libyaโ€™s second devaluation in 4 years appears targeted at closing the gap between official and black-market exchange rates, but without deeper structural reforms, its impact is likely to be limited.

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10 African countries hit hardest by Trumpโ€™s new reciprocal tariffs

Trumpโ€™s new tariff structure, set to take effect on April 9, will hit over 50 African countriesโ€”targeting some of the continentโ€™s poorest and most vulnerable economies. The sweeping levies threaten to shake the foundations of long-standing US-Africa tradeย agreements.

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Nigeria misses Eurobond coupon deadline, settles days later

The finance ministry says Nigeriaโ€™s delayed Eurobond couponโ€”due 28 Marchโ€”was paid within days. Investors had flagged the missed deadline.

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JP Morgan to turn Lagos office into full branch as Africa merchant banking expansion gathers pace

Sixty years after first banking in Lagos, JP Morgan is backโ€”this time with a merchant banking play aimed at Africaโ€™s biggest market. Nigeria just got more interesting for Wall Street.

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Kenyaโ€™s trade deficit hits $1.1bn in January as imports riseย 

Despite the expansion, the countryโ€™s foreign reserves remain robust, keeping the shilling stable.

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Ghanaโ€™s inflation falls to 22.4% in March after rate hike

The central bank has indicated it could lower its benchmark rate if inflationary pressures persist in easing.

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Investor jitters as South Africaโ€™s budget faces parliamentary roadblock

The path of contentious spending plan remains uncertain despite clearing its first parliamentary hurdle on Tuesday after multiple rejections

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Kenya inflation rises to 3.6% as strong shilling keeps pressures in check

Despite the uptick, inflation has remained below the CBKโ€™s 5% target for the past nine months, largely due to a resilient shilling.

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South Africaโ€™s manufacturing sector rebounds slightly despite persistent cost pressures

Despite gaining four points in March, the PMI remains below the 50-point threshold, indicating ongoing contraction in the sector.

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MTN MoMoโ€™s Ghana-Nigeria transfers highlight a broken African payment system

Before MTN Momo’s cross-border payments, sending money between Ghana and Nigeria could cost anywhere between 8% and 20% in fees.

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Ghana tightens policy as inflation persists, raises rates to 28%

Inflation remains stubbornly high in the cocoa-producing West African nation, well above the government’s targets.

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Mauritius shifts investment focus as public sector debt soarsย ย 

The shift is expected to help the government to boost public finances and stimulate overall economic growth.

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Egyptโ€™s inflation rate picked up in March, rising to 13.6% after six straight months of decline, as renewed price pressures hit food, transport, healthcare, and utilities


Kenyaโ€™s central bank says the countryโ€™s external position remains resilient, downplaying concerns over a $100 million export loss from Trumpโ€™s new 10% reciprocal tariffs.


Fresh central bank data shows Nigeria posted a Balance of Payments (BoP) surplus of $6.83 billion in 2024, marking a sharp reversal from consecutive deficits in the previous two years.


Madagascarโ€™s textile industry faces a major setback as U.S. President Donald Trumpโ€™s 47% tariff threatens 60,000 jobs, deepening concerns over the island nationโ€™s fragile economy.


Kenyaโ€™s central bank has cut its Monetary Policy Rate by 75 basis points to 10 percent, marking the fifth consecutive reduction and the lowest level since May 2023.


Nigeriaโ€™s FX stability is under threatโ€”Brent crude is down, the naira is slipping, and key budget assumptions for 2025 may no longer hold.


South Africa is now weighing alternative revenue-raising options to the proposed VAT increase โ€” the issue at the heart of the countryโ€™s ongoing budget impasse and growing political tensions.


The Central Bank of Nigeria injected $669 million into the foreign exchange market in the first quarter of 2025, but this did little to cushion the fall of the naira


Libyaโ€™s central bank has devalued the countryโ€™s local currency by 13.3%, lowering the official exchange rate from 4.48 to 5.5677 dinars per US dollar.


President Trump enforces sweeping tariffs, including a 10% global rate and steeper levies on nations with trade surpluses, sparking global outrage and hitting smaller economies hardest.


Nigeria has confirmed payment on a $4bn Eurobond coupon after initially missing its 28 March deadline, citing public holidays and โ€œtransition issuesโ€ for the delay.


JP Morgan is applying for a merchant banking license in Nigeria, aiming to offer dollar loans and corporate services as it expands across Africa. Lagos is no longer just a rep office.


Kenyaโ€™s trade deficit climbed to $1.1 billion in January 2025, as the rising cost of imports offset the modest increase in exports.


Ghana’s annual inflation rate declines marginally to 22.4% in March 2025 from 23.1% in the preceding month, marking a five-month low.


South Africaโ€™s budget process encounters new uncertainty as the Economic Freedom Fighters opposition party seeks to block a crucial parliamentary vote.


Kenyaโ€™s annual inflation inched up to 3.6% in March, defying a stable shilling and growing foreign reserves.


South Africaโ€™s manufacturing sector showed modest improvement in March, with the Absa PMI rising to 48.7 points, though weak demand and ongoing cost pressures persist.


Before MTN Momo’s cross-border payments, sending money between Ghana and Nigeria could cost anywhere between 8% and 20% in fees.


Ghanaโ€™s new central bank chief, Johnson Asiama, raised the benchmark interest rate by 100 basis points to 28% on Friday as the fight to control inflation continues.


Mauritius plans to introduce new measures to attract wealthy investors beyond its booming real estate sector as it grapples with rising debt.