The World Bank has pledged over $15 billion in technical advisory and financial support to help the country achieve sustainable economic prosperity. This commitment, announced in...
Nigeria’s food inflation rate surged to 40.66% on a year-on-year basis in May 2024, a significant increase from 24.82% recorded in May 2023. The latest figures...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s headline inflation rate rose to 33.95% in May 2024, a slight increase from the 33.69% recorded...
Experts are forecasting a robust growth trajectory of 4% for the continent in 2025. This optimistic projection was highlighted during the ongoing Afreximbank annual meetings, incorporating...
Nigeria’s food import bill has surged to a five-year high in the first quarter of 2024, despite the federal government declaring a state of emergency on...
Ethiopia has announced a 21% increase in its 2025 budget, marking the first budget since defaulting on a Eurobond payment and committing to economic reform discussions...
Nigeria is on the cusp of a significant transformation in its power sector as it nears the conclusion of a $1.15 billion sale of five key...
The Minister of Power, Adebayo Adelabu, has called for a significant enhancement in local power production capabilities, citing the numerous challenges faced by existing power generation...
The International Monetary Fund (IMF) has projected that the country’s Gross Domestic Product (GDP) will reach $1.85 trillion by 2029 in Purchasing Power Parity (PPP) terms....
Egypt has secured a preliminary agreement with the International Monetary Fund (IMF) that should help unlock the next disbursement of the North African nation’s $8 billion...
