Tag: Economic Growth

South Africa inflation falls to 4.3%, easing pressure on consumers
Business

South Africa inflation falls to 4.3%, easing pressure on consumers

South Africa’s inflation rate fell to 4.3% in July, helped by lower fuel and food prices, easing pressure on consumers and the central bank.

Oluwatosin Alao Oluwatosin Alao
Afreximbank-Chad Agreement signing
BusinessHot News

Afreximbank backs Chad with $127 million, its largest financing package

Afreximbank Chad financing reaches $127 million to fund trade, infrastructure and economic diversification projects in 2026.

Timilehin Adejumobi Timilehin Adejumobi
Tanzania targets tea and key crops to boost farming in Southern Highlands
BusinessHot News

Tanzania targets tea and key crops to boost farming in Southern Highlands

Tanzania targets tea farming and key crops in the Southern Highlands as new infrastructure funding aims to improve roads and market access.

Oluwatosin Alao Oluwatosin Alao
South Africa's National Treasury
BusinessHot News

South Africa unveils $500 million credit guarantee to boost investment

South Africa Credit Guarantee will unlock $500 million for infrastructure investment, boosting power, rail and water projects.

Timilehin Adejumobi Timilehin Adejumobi
IMF
BusinessHot News

IMF approves $1.8 billion for Egypt, boosting confidence in Africa’s economy

IMF approves $1.8 billion for Egypt, supporting economic reforms, investor confidence and Africa's second-largest economy.

Timilehin Adejumobi Timilehin Adejumobi
CBN
BusinessHot News

Nigeria’s money supply climbs to $98 billion despite tight monetary policy

Nigeria money supply climbed to $98 billion in June 2026 as deposit growth offset tight CBN monetary policy and high interest rates.

Timilehin Adejumobi Timilehin Adejumobi
World-Bank
BusinessHot News

World Bank approves $1.5 billion for South Africa’s infrastructure push

South Africa has secured a $1.5 billion World Bank loan to speed up reforms across its electricity, transport, water and sanitation sectors, strengthening infrastructure that the government says could support nearly 600,000 jobs by 2032 and help lift economic growth. The financing, provided through the International Bank for Reconstruction and Development (IBRD), marks the fourth stand-alone operation approved for South…

Timilehin Adejumobi Timilehin Adejumobi
Sierra Leone secures $211 million in new IMF climate funding
Global NewsHot News

Sierra Leone secures $211 million in new IMF climate funding

Sierra Leone secures $211 million in IMF climate funding to strengthen resilience and support economic reforms.

Oluwatosin Alao Oluwatosin Alao
International Monetary Fund
BusinessHot News

IMF backs Rwanda with $250 million deal to boost economic growth

IMF agreement positions Rwanda to sustain strong growth while reinforcing fiscal discipline and macroeconomic stability

Timilehin Adejumobi Timilehin Adejumobi
Portside Tower
Hot NewsBusiness

Surging oil prices put South Africa’s fragile recovery at risk

Brent above $100 raises inflation and growth risks for South Africa as conflict drives volatile oil markets and higher fuel costs.

Omokolade Ajayi Omokolade Ajayi
Indian Ocean tourism economy
Hot NewsTourism

How tourism is shaping the Indian Ocean economy

Tourism is driving economic recovery across the Indian Ocean as nations attract higher-spending travelers while protecting vital marine ecosystems.

Feyisayo Ajayi Feyisayo Ajayi
South Africa
BusinessHot News

South Africa attracts $500 million in global funding push

South Africa expands debt options in global capital markets.

Timilehin Adejumobi Timilehin Adejumobi