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Botswana hikes key rate for first time in 3 years as inflation accelerates

Bank of Botswana Building

Nigeriaโ€™s subnationals are rewiring their economies for fiscal independence

Real estate in Nigeria

Mozambiqueโ€™s foreign reserves hit decade high of $4bn as liquidity improves

An image of Banco-de-Mocambique building

Africaโ€™s weakest currency to strengthen in coming months

A man counts Ethiopia's birr notes in Merkato, one of Africa's biggest open-air markets, in Addis Ababa, Ethiopia

South Sudan, Ethiopia lead Africaโ€™s weakest currencies in 2025

100 Dollar bills spread on a surface

Ghanaโ€™s jollof cost climbs for first time in 3 months despite strong currency

A pot of jollof rice steaming hot in a pot

Ghanaโ€™s artisanal gold revenue more than triples to $8bn in two years

Newly-cast bullion gold bars sit in safe room

Africaโ€™s monetary divide: How central bank rates stack up in 2025

A three-photo collage showing close up views of the Central Bank of Nigeria, Bank Al-Maghrib and the Reserve Bank of Zimbabwe.

Sub-Saharan Africaโ€™s growth outlook stays unchanged despite US tariffs

The International Monetary Fund (IMF) headquarters building in Washington, D.C.

Nigeria’s inflation slows for the sixth straight month to 18% after rate cut

Food items on display at a local market in Nigeria

Stronger currencies ease business costs in sub-Saharan Africa to 5-year low

A bustling African business district with people walking along the street, surrounded by office buildings and shops.

Uganda leads Africaโ€™s business activity growth in September as Ghana, Egypt Struggle

Image of Kikuubo shopping market in Uganda

Congo tightens oversight on cobalt exports as 8-month ban ends

A sample of rock drilled at a cobalt mining site.

Ethiopiaโ€™s GDP accelerates as exports hit record $8.3bn

Ethiopiaโ€™s President Taye Atske Selassie

Nigeriaโ€™s poverty rate seen falling to 61% in election year

An image depicting poverty in Nigeria

Sub-Saharan Africa faces $4.2bn loss in external financing this year – IMF

The International Monetary Fund logo on a wall

Egyptโ€™s inflation slows further to 11.7% amid monetary easing

Consumer goods are seen at a market in Maadi, a suburb of Cairo, Egypt,

Nigeriaโ€™s first rate cut in 5 years was ‘premature’ says ex-central bank Governor Sanusi

Image of Lamido Sanusi

Kenya opens $1bn asset sale to boost new investment funds

William Ruto, President of Kenya, speaks during an interview with Reuters at the Permanent Mission of the Republic of Kenya to the United Nations, during the 80th United Nations General...

AfDB backs Nigeriaโ€™s reform drive with fresh $500m facility

The headquarters of the African Development Bank in Abidjan, Cรดte dโ€™Ivoire

Botswanaโ€™s central bank raised its benchmark interest rate to a 43-month high of 3.5% in October 2025 โ€” the first rate hike since March 2022.




Ethiopiaโ€™s birr, Africaโ€™s weakest currency, is set to strengthen as surging gold exports and IMF-backed reforms boost liquidity, narrow FX gaps, and revive investor confidence.




Ghanaโ€™s small-scale gold export earnings surged to $8bn between January and mid-October 2025, representing a near fourfold increase from $2.2 billion recorded in 2023, according to new data from the GoldBod.


Borrowing costs across Africa show stark contrasts in 2025, with Zimbabwe holding the continentโ€™s highest policy rate at 35% and Seychelles maintaining the lowest at 1.75%, according to Trading Economics data.


Sub-Saharan Africaโ€™s economic growth is expected to remain steady this year despite global headwinds and US tariffs, as resilient domestic demand and easing inflation support regional stability.


Nigeriaโ€™s annual inflation eased for the sixth consecutive month in September, falling to 18.02% from 20.1% in August, following the central bankโ€™s first interest rate cut in five years.


Currency appreciation helped slow business costs across Sub-Saharan Africa in September, with prices rising at the weakest pace since 2020, according to S&P Globalโ€™s latest Purchasing Managersโ€™ Index (PMI) commentary.



The Democratic Republic of Congo (DRC) has announced plans to resume cobalt exports under a stricter quota system, ending an eight-month freeze that fueled a surge in global prices and disrupted supply chains.


Ethiopiaโ€™s economy expanded by 8.8% in the 2024/25 fiscal year, supported by strong performance across key sectors and a 116% jump in export earnings to a record $8.3bn, President Taye Atske Selassie told lawmakers in Addis Ababa last week.



Sub-Saharan Africa is set to lose $4.2bn in external financing this year, a 7% drop from 2023, as aid and investment flows weaken amid tighter global conditions. The IMF warns that drying concessional funding will heighten fiscal pressures across the region.


New data from CAPMAS shows Egyptโ€™s annual inflation slowed for the fourth straight month in September, falling to 11.7% from 12% in August, giving more room for monetary easing as the central bank moves to support growth.


Nigeriaโ€™s first interest-rate cut in five years has drawn sharp criticism from a former central-bank chief. Muhammad Sanusi II, Emir of Kano and ex-governor of the Central Bank of Nigeria.


Kenyaโ€™s President William Ruto has revealed plans to establish a sovereign wealth fund and an infrastructure fund, as the government looks to finance key sectors through asset sales rather than fresh borrowing.


Nigeria is set to receive a $500m loan from the African Development Bank (AfDB) before December to support its ongoing economic reforms, Bode Oyetunde, the bankโ€™s executive director for Nigeria and Sรฃo Tomรฉ and Prรญncipe, said on Monday.


Botswana hikes key rate for first time in 3 years as inflation accelerates

The 160-basis-point increase from 1.9% in August marks a shift in the Bank of Botswanaโ€™s monetary stance after more than two years of steady easing.

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Nigeriaโ€™s subnationals are rewiring their economies for fiscal independence

Nigeriaโ€™s subnationals are learning to earn, not just receive. They’re digitising taxes, reforming budgets, and using infrastructure policy to build fiscal resilience beyond Federal allocations.

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Mozambiqueโ€™s foreign reserves hit decade high of $4bn as liquidity improves

Figures from the Bank of Mozambique show reserves rose by 1.25% month-on-month from $3.99bn in July, covering more than three months of estimated import needs for goods and services.

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Africaโ€™s weakest currency to strengthen in coming months

Eyob Tekalign, the new governor of the National Bank of Ethiopia (NBE), said in an interview with Bloomberg on Wednesday that the public should expect a turnaround.

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South Sudan, Ethiopia lead Africaโ€™s weakest currencies in 2025

Across the continent, currency weakness has continued to shape inflation dynamics, import costs, and investor sentiment. For instance, a weaker naira increases import bills and inflationary pressures while signaling economic fragility and lower investor confidence.

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Ghanaโ€™s jollof cost climbs for first time in 3 months despite strong currency

The average cost of preparing a pot of jollof rice for a Ghanaian family of five rose in September 2025, despite the country being among Africaโ€™s five strongest currencies that month, according to a new jollof Index.

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Ghanaโ€™s artisanal gold revenue more than triples to $8bn in two years

GoldBod attributed the performance to improved oversight and its continued collaboration between key stakeholders which has helped curb smuggling and boost repatriation of proceeds.

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Africaโ€™s monetary divide: How central bank rates stack up in 2025

Inflation, currency volatility, and debt stress continue to shape Africaโ€™s monetary path in 2025, prompting tighter policies in fragile economies and gradual easing where stability has improved.

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Sub-Saharan Africaโ€™s growth outlook stays unchanged despite US tariffs

The IMF has projected that SSAโ€™s economic growth will remain unchanged in 2025 despite new US tariffs that took effect in August and raised concerns about trade disruptions.

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Nigeria’s inflation slows for the sixth straight month to 18% after rate cut

The 2.1 percentage-point drop marks the sharpest decline since April, when consumer prices began their downward trend. Based on the old methodology, Septemberโ€™s inflation rate is the lowest since May 2022.

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Stronger currencies ease business costs in sub-Saharan Africa to 5-year low

Five of the seven economies surveyed saw their currencies strengthen in the first nine months of 2025, reflecting softer dollar prices, improved access to external funding and tight monetary policy.

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Uganda leads Africaโ€™s business activity growth in September as Ghana, Egypt Struggle

While four markets โ€” Uganda, Nigeria, Zambia, and Kenya โ€” recorded growth, others, such as Ghana, Egypt, Mozambique, and South Africa, either stagnated or contracted under inflationary and structural pressures.

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Congo tightens oversight on cobalt exports as 8-month ban ends

Under the new export framework, companies that fail to meet allocation targets, breach environmental or tax rules, or transfer allocations to third parties will have their quotas revoked.

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Ethiopiaโ€™s GDP accelerates as exports hit record $8.3bn

President Taye Atske Selassie told lawmakers in Addis Ababa last week that the government is targeting 9% economic growth and single-digit inflation in the current fiscal year, backed by ongoing reforms.

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Nigeriaโ€™s poverty rate seen falling to 61% in election year

Nigeriaโ€™s long-running struggle with mass poverty could ease slightly in 2027โ€”the next election yearโ€”marking the first improvement in nearly a decade, according to the World Bank.

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Sub-Saharan Africa faces $4.2bn loss in external financing this year – IMF

The sharp drop underscores the growing strain on a region already battling limited fiscal space, rising debt, and slowing economic momentum.

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Egyptโ€™s inflation slows further to 11.7% amid monetary easing

Last week, the CBE cut its overnight deposit rate by 100 basis points to 21%, its fourth consecutive reduction this year and the lowest level in two years.

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Nigeriaโ€™s first rate cut in 5 years was ‘premature’ says ex-central bank Governor Sanusi

Muhammad Sanusi II, Emir of Kano and former central-bank governor, warns that Nigeriaโ€™s early monetary loosening risks reigniting inflation and undoing recent gains in economic stability.

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Kenya opens $1bn asset sale to boost new investment funds

The move marks a shift from over a decade of debt-driven infrastructure expansion that has left the country with one of Africaโ€™s highest debt service burdens.

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AfDB backs Nigeriaโ€™s reform drive with fresh $500m facility

The AfDBโ€™s proposed funding comes shortly after the World Bank disclosed plans to extend $750 million in new loans to the western African nation, covering projects in digital infrastructure and healthcare resilience.

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Botswanaโ€™s central bank raised its benchmark interest rate to a 43-month high of 3.5% in October 2025 โ€” the first rate hike since March 2022.




Ethiopiaโ€™s birr, Africaโ€™s weakest currency, is set to strengthen as surging gold exports and IMF-backed reforms boost liquidity, narrow FX gaps, and revive investor confidence.




Ghanaโ€™s small-scale gold export earnings surged to $8bn between January and mid-October 2025, representing a near fourfold increase from $2.2 billion recorded in 2023, according to new data from the GoldBod.


Borrowing costs across Africa show stark contrasts in 2025, with Zimbabwe holding the continentโ€™s highest policy rate at 35% and Seychelles maintaining the lowest at 1.75%, according to Trading Economics data.


Sub-Saharan Africaโ€™s economic growth is expected to remain steady this year despite global headwinds and US tariffs, as resilient domestic demand and easing inflation support regional stability.


Nigeriaโ€™s annual inflation eased for the sixth consecutive month in September, falling to 18.02% from 20.1% in August, following the central bankโ€™s first interest rate cut in five years.


Currency appreciation helped slow business costs across Sub-Saharan Africa in September, with prices rising at the weakest pace since 2020, according to S&P Globalโ€™s latest Purchasing Managersโ€™ Index (PMI) commentary.



The Democratic Republic of Congo (DRC) has announced plans to resume cobalt exports under a stricter quota system, ending an eight-month freeze that fueled a surge in global prices and disrupted supply chains.


Ethiopiaโ€™s economy expanded by 8.8% in the 2024/25 fiscal year, supported by strong performance across key sectors and a 116% jump in export earnings to a record $8.3bn, President Taye Atske Selassie told lawmakers in Addis Ababa last week.



Sub-Saharan Africa is set to lose $4.2bn in external financing this year, a 7% drop from 2023, as aid and investment flows weaken amid tighter global conditions. The IMF warns that drying concessional funding will heighten fiscal pressures across the region.


New data from CAPMAS shows Egyptโ€™s annual inflation slowed for the fourth straight month in September, falling to 11.7% from 12% in August, giving more room for monetary easing as the central bank moves to support growth.


Nigeriaโ€™s first interest-rate cut in five years has drawn sharp criticism from a former central-bank chief. Muhammad Sanusi II, Emir of Kano and ex-governor of the Central Bank of Nigeria.


Kenyaโ€™s President William Ruto has revealed plans to establish a sovereign wealth fund and an infrastructure fund, as the government looks to finance key sectors through asset sales rather than fresh borrowing.


Nigeria is set to receive a $500m loan from the African Development Bank (AfDB) before December to support its ongoing economic reforms, Bode Oyetunde, the bankโ€™s executive director for Nigeria and Sรฃo Tomรฉ and Prรญncipe, said on Monday.