Economy

LAGOS, Oct 12 – Sub-Saharan African governments are spending a growing share of their resources servicing public debt, leaving less money available …

LUSAKA, Oct 9 – The International Monetary Fund (IMF) has reached a staff-level agreement with Zambia on a proposed $1.5 billion Extended …

LAGOS, Oct 9 – Global credit rating agency Moody’s has revised its outlook for sub-Saharan Africa to positive, citing economic reforms, stronger …

NAIROBI, Oct 9 – Kenya’s budget deficit is projected to widen to 5.9% of gross domestic product in the 2027/28 financial year, …

KINSHASA, Oct 9 – The Central Bank of the Democratic Republic of Congo (DRC) has kept its benchmark policy rate unchanged at …

LAGOS, Oct 8 – Nigeria’s economy is projected to grow by an average of 4.4% annually through 2028, with inflation expected to …

KAMPALA, Oct 8 – The Bank of Tanzania kept its benchmark interest rate at 6.25%, maintaining its monetary policy stance as inflation …

NAIROBI, Oct 7 – The Central Bank of Kenya (CBK) kept its benchmark interest rate unchanged at 8.75% on Wednesday, maintaining its …

ACCRA, Oct 7 – Ghana’s annual consumer inflation accelerated for a second consecutive month in September, rising to 5.2% from 5.0% in …

DAKAR, Oct 6 – The World Bank has raised its forecast for economic growth in Sub-Saharan Africa to 4.3% in 2026, citing …