Tag: Economic Growth

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
Zambia and Tanzania deal with China to modernize the TAZARA railway
BusinessTourism

Zambia-Tanzania rail gets $1.4 billion boost for expansion

At a Glance The Tanzania-Zambia Railway Authority (TAZARA) has been a symbol of regional solidarity for almost 50 years. Zambia, Tanzania and China have signed a $1.4 billion agreement to overhaul and expand the 1,860-kilometer railway line, marking one of the largest infrastructure investments in sub-Saharan Africa in recent years.  The deal, announced by Zambia’s Ministry of Transport and Logistics,…

Oluwatosin Alao Oluwatosin Alao
Nigeria–Morocco Gas Pipeline
BusinessHot News

Africa’s future: 5 mega projects shaping economic growth

Africa’s mega projects are reshaping trade, energy, and tech—powering AfCFTA, slashing emissions, and unlocking billions in FDI and innovation.

Timilehin Adejumobi Timilehin Adejumobi
Abuja, Nigeria
Hot NewsBusiness

Africa’s 10 longest road networks, by country

Roads power Africa’s trade and growth. As governments invest billions, road access is reshaping regional trade, job creation, and industrial potential.

Timilehin Adejumobi Timilehin Adejumobi
Morocco
Hot NewsTourism

Moroccan tourism posts record $11 billion revenue

Morocco’s tourism hit a record $11 billion in 2024, driven by surging arrivals, solid domestic efforts, and resilience across key economic sectors.

Feyisayo Ajayi Feyisayo Ajayi
Lagos Terminus, Nigeria
TourismHot News

West Africa’s top 7 largest train stations

West Africa’s largest train stations drive trade, mobility, and economic growth, with modern upgrades enhancing connectivity and passenger experience.

Feyisayo Ajayi Feyisayo Ajayi