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Rebased GDP lifts Rwandaโ€™s economy to $14.8bnย 

Residents walk at an open air grocery market in the outskirts Kigali, Rwanda,

South Africaโ€™s inflation slows for first time in 6 months on lower food costs

An image showing a person buying food items in a store in South Africa

Six things you’re getting wrong about Nigeria’s new tax regime

Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee

Nigeriaโ€™s inflation sees fastest fall in five months, hits 20.1% in Augustย 

People shop at Cherries Hypermarket in Abuja, Nigeria

Ghana moves to refine gold locally from October to boost exports

Newly-cast bullion gold bars sit in safe room

New Botswana wealth fund targets economic stability amid Diamond slump

Diamonds are seen during an exhibition in Gaborone, Botswana

Kenyaโ€™s insurance profit slumps 42% on weaker investment income

The image displays a document with the prominent heading "Insurance."

Ghanaโ€™s economy posts fastest growth in 9 months

Shoppers at the Makola market in Accra, Ghana

From Lagos to Cairo: Nigeria leads Africaโ€™s PMI as Kenya, Egypt struggle

Wooden Blocks depicting PMI

Ethiopia unveils $5bn hydro dam to boost energy security, exports

Members of the Ethiopian Republic March Band perform in front of the Grand Ethiopian Renaissance dam in Guba on Tuesday.

South Africaโ€™s economy hits 2-year high as tariff risks loom

An image displaying South African currencies

Ghana businesses expand as inflation nears 4-year low

A street scene in the business district of Accra, Ghana

3,500 jobs at risk as ArcelorMittal rejects South Africaโ€™s $400m offer

A general view shows ArcelorMittal South Africa in Johannesburg, South Africa

South Africaโ€™s private sector slows despite first output rebound in 4 monthsย 

A teller is seen at a Pick n Pay store at Maponya mall in Soweto, South Africa illustrating business activity

Kenya’s business activity nears expansion as confidence hits 30-month high

An image showing business activities in Kenya

Uganda seeks new IMF bailout after $1bn facility lapses

The International Monetary Fund logo on a wall

Nigeria seen returning to Eurobond market in 2025 on US rate cut hopes

An image showing different foreign currencies

Kenyaโ€™s inflation surges to 14-month high after rate cut

A market trader reads a newspaper as he waits for costumers at a fruit and vegetable stall in Mombasa, Kenya.

Nigeriaโ€™s demand climbs to 19-month high as inflation eases

Wooden Blocks depicting PMI

While African peers cool, South Africaโ€™s inflation climbs to 10-month high

Fruit and vegetables for sale at an outdoor market in Pretoria, South Africa

Rwandaโ€™s economy has been revised upward after a rebasing exercise, with Gross Domestic Product for 2024 now estimated at $14.8 bn, compared with the previously published $12.6 bn.


South Africaโ€™s annual inflation eased to 3.3% in August from 3.5% in July, marking the first slowdown in five months according to data from Statistics South Africa published on Wednesday.



Nigeriaโ€™s headline inflation fell for the fifth consecutive month to 20.1% in August, from 21.8% in July, marking 1.7 percentage-point decline โ€” the sharpest monthly drop in five months โ€”ย  according to the latest inflation report.


Ghana will begin refining gold locally from October 2025 as part of efforts to lift export revenue and strengthen its position in the bullion trade, the Ghana Gold Board said last week.


Botswana has established a new sovereign wealth fund to stabilise its ailing economy, as falling diamond demand and strained state finances deepen fiscal pressures.


After a strong close to 2024, Kenyaโ€™s insurers saw net earnings fall 42% in the first quarter of 2025 to $38m, from $66m a year earlier, according to the Insurance Regulatory Authority.


Ghanaโ€™s economy grew 6.3% in the second quarter of 2025, up from 5.3% in Q1 โ€” its fastest pace since Q3 2024, according to new data from the Ghana Statistical Service (GSS).


In August, Africaโ€™s private sector showed uneven momentum as Nigeria led growth with its strongest PMI in four months, while Kenya and Egypt remained stuck in contraction.


Ethiopia has commissioned the $5 billion Grand Ethiopian Renaissance Dam (GERD), Africaโ€™s largest hydroelectric project, positioning itself as a regional power hub even as disputes with downstream neighbours persist.


South Africaโ€™s economy grew faster than expected in the second quarter of 2025, with GDP expanding by 0.8% compared to a marginal 0.1% in the first quarter, Statistics South Africa revealed on Tuesday.


Ghanaian firms recorded a modest improvement in operating conditions in August 2025, as cooling price pressures supported demand, according to the latest Purchasing Managersโ€™ Index from S&P Global.


ArcelorMittal, one of the world’s top steel makers, has rejected takeover offers from South Africaโ€™s state-owned Industrial Development Corporation (IDC) for its struggling unit, putting 3,500 jobs at risk ahead of its planned September 30, 2025, closure.


South Africaโ€™s private sector lost steam in August as overall growth slowed, despite firms reporting their first output increase in three months amid softer cost pressures.


Kenyaโ€™s private sector edged closer to expansion in August 2025, with Purchasing Managersโ€™ Index (PMI) rising to 49.4 from Julyโ€™s 46.8, as business confidence hit a 30-month high.


Uganda is negotiating a new funding programme with the International Monetary Fund after the expiry of its previous $1bn facility last year, as the East African nation faces mounting debt and rising financing costs.



Kenyaโ€™s inflation accelerated in August 2025 to 4.5% from 4.1% in the previous month, hitting a 14-month high just weeks after the Central Bank of Kenya (CBK) delivered its seventh consecutive rate cut.


Growth in Nigeriaโ€™s private sector strengthened in August 2025, with demand rising to its highest level in 19 months amid moderating inflationary pressures, the monthly Purchasing Managersโ€™ Index (PMI) from Stanbic IBTC Bank said on Monday.


South Africaโ€™s headline inflation accelerated to a nine-month high of 3.5% in July, up from 3.0% in June, diverging from the easing trend seen across other major African economies.


Rebased GDP lifts Rwandaโ€™s economy to $14.8bnย 

The revision reflects stronger contributions from services, which accounted for 52% of output, while agriculture contributed 21% and industry 22%.

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South Africaโ€™s inflation slows for first time in 6 months on lower food costs

The latest reading fell below market expectations, with analysts now seeing a higher likelihood of another rate cut by the South African Reserve Bankโ€™s (SARB) during its next policy meeting on Thursday.

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Six things you’re getting wrong about Nigeria’s new tax regime

Nigeriaโ€™s newly gazetted tax lawsโ€”set to take effect on January 1, 2026โ€”have triggered intense public debate, much of it driven by misconceptions about key provisions.

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Nigeriaโ€™s inflation sees fastest fall in five  months, hits 20.1% in Augustย 

Nigeriaโ€™s easing headline inflation reflects a broader trend across key African economies in August 2025, with Kenya standing as the outlier.

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Ghana moves to refine gold locally from October to boost exports

The Gold Board is also working on establishing a wholly state-owned refinery built to international standards, enabling Ghana to transition from exporting dorรฉ to producing bullion.

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New Botswana wealth fund targets economic stability amid Diamond slump

Authorities are turning to a fresh vehicle following years of draining the nationโ€™s diamond-backed reserves to plug budget shortfalls.

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Kenyaโ€™s insurance profit slumps 42% on weaker investment income

The softer financial results coincided with a quarterly increase in fraud, with 35 incidents reported during the three-month period from 29 cases in Q4 last year.

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Ghanaโ€™s economy posts fastest growth in 9 months

The outturn also marked an acceleration from the 5.3% growth recorded in Q1, making it the fastest pace since Q3 2024, when growth reached 7.2%.

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From Lagos to Cairo: Nigeria leads Africaโ€™s PMI as Kenya, Egypt struggle

Business activity across Nigeria, Kenya, South Africa, Egypt, Uganda, Zambia, and Ghana moved on diverging paths in August, according to the latest S&P Global Purchasing Managersโ€™ Index (PMI).ย 

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Ethiopia unveils $5bn hydro dam to boost energy security, exports

With 5,150 megawatts of capacity, Africaโ€™s largest hydro project positions Ethiopia among the worldโ€™s top power producers.

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South Africaโ€™s economy hits 2-year high as tariff risks loom

Analysts warn the upswing may be short-lived, with the outlook for the rest of the year overshadowed by punitive US tariffs

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Ghana businesses expand as inflation nears 4-year low

Consumer prices dropped for the eighth consecutive month to 11.5% in August 2025 from 12.1% in the previous month, marking the lowest level since October 2021.

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3,500 jobs at risk as ArcelorMittal rejects South Africaโ€™s $400m offer

The stalemate comes at a delicate moment for Africaโ€™s most industrialised economy, already grappling with the devastating fallout of a 30% US tariff hike โ€” the highest rate across the continent.

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South Africaโ€™s private sector slows despite first output rebound in 4 monthsย 

Rand-driven cost relief gave firms much-needed breathing space, but tepid demand and renewed job losses show that momentum remains uneven.

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Kenya’s business activity nears expansion as confidence hits 30-month high

The recovery in the sector comes even as inflation climbed for a second month, hitting 4.5% in August, the highest since July 2024.

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Uganda seeks new IMF bailout after $1bn facility lapses

The talks come amid mounting pressure to secure fresh concessional loans to ease the burden of rising debt in the East African nation.

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Nigeria seen returning to Eurobond market in 2025 on US rate cut hopes

There are growing expectations that the US Federal Reserve could cut interest rates in September 2025โ€”a move that may pave the way for cheaper external borrowing for Nigeria before year-end.

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Kenyaโ€™s inflation surges to 14-month high after rate cut

Kenyaโ€™s statistics agency attributed the uptick in inflationary pressures during the period to rising food, transport and utility costs, which together account for 57% of the consumer basket.

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Nigeriaโ€™s demand climbs to 19-month high as inflation eases

Nigeria’s headline PMI has surged, reaching a 19-month high, buoyed by rising new orders, increased output, and stable inflation, with inflation projected to keep rising in the near term.

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While African peers cool, South Africaโ€™s inflation climbs to 10-month high

Despite the uptick, inflation remained comfortably within the South African Reserve Bankโ€™s 3-6% target band, leaving room for more rate cuts.

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Rwandaโ€™s economy has been revised upward after a rebasing exercise, with Gross Domestic Product for 2024 now estimated at $14.8 bn, compared with the previously published $12.6 bn.


South Africaโ€™s annual inflation eased to 3.3% in August from 3.5% in July, marking the first slowdown in five months according to data from Statistics South Africa published on Wednesday.



Nigeriaโ€™s headline inflation fell for the fifth consecutive month to 20.1% in August, from 21.8% in July, marking 1.7 percentage-point decline โ€” the sharpest monthly drop in five months โ€”ย  according to the latest inflation report.


Ghana will begin refining gold locally from October 2025 as part of efforts to lift export revenue and strengthen its position in the bullion trade, the Ghana Gold Board said last week.


Botswana has established a new sovereign wealth fund to stabilise its ailing economy, as falling diamond demand and strained state finances deepen fiscal pressures.


After a strong close to 2024, Kenyaโ€™s insurers saw net earnings fall 42% in the first quarter of 2025 to $38m, from $66m a year earlier, according to the Insurance Regulatory Authority.


Ghanaโ€™s economy grew 6.3% in the second quarter of 2025, up from 5.3% in Q1 โ€” its fastest pace since Q3 2024, according to new data from the Ghana Statistical Service (GSS).


In August, Africaโ€™s private sector showed uneven momentum as Nigeria led growth with its strongest PMI in four months, while Kenya and Egypt remained stuck in contraction.


Ethiopia has commissioned the $5 billion Grand Ethiopian Renaissance Dam (GERD), Africaโ€™s largest hydroelectric project, positioning itself as a regional power hub even as disputes with downstream neighbours persist.


South Africaโ€™s economy grew faster than expected in the second quarter of 2025, with GDP expanding by 0.8% compared to a marginal 0.1% in the first quarter, Statistics South Africa revealed on Tuesday.


Ghanaian firms recorded a modest improvement in operating conditions in August 2025, as cooling price pressures supported demand, according to the latest Purchasing Managersโ€™ Index from S&P Global.


ArcelorMittal, one of the world’s top steel makers, has rejected takeover offers from South Africaโ€™s state-owned Industrial Development Corporation (IDC) for its struggling unit, putting 3,500 jobs at risk ahead of its planned September 30, 2025, closure.


South Africaโ€™s private sector lost steam in August as overall growth slowed, despite firms reporting their first output increase in three months amid softer cost pressures.


Kenyaโ€™s private sector edged closer to expansion in August 2025, with Purchasing Managersโ€™ Index (PMI) rising to 49.4 from Julyโ€™s 46.8, as business confidence hit a 30-month high.


Uganda is negotiating a new funding programme with the International Monetary Fund after the expiry of its previous $1bn facility last year, as the East African nation faces mounting debt and rising financing costs.



Kenyaโ€™s inflation accelerated in August 2025 to 4.5% from 4.1% in the previous month, hitting a 14-month high just weeks after the Central Bank of Kenya (CBK) delivered its seventh consecutive rate cut.


Growth in Nigeriaโ€™s private sector strengthened in August 2025, with demand rising to its highest level in 19 months amid moderating inflationary pressures, the monthly Purchasing Managersโ€™ Index (PMI) from Stanbic IBTC Bank said on Monday.


South Africaโ€™s headline inflation accelerated to a nine-month high of 3.5% in July, up from 3.0% in June, diverging from the easing trend seen across other major African economies.