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Moody’s upgraded Nigeria’s credit rating from ‘Caa1’ to ‘B3’ due to significant improvements in external and fiscal positions. The country’s economy is experiencing its fastest growth in nearly a decade, …
Moody’s Upgrades Nigeria’s Rating to ‘B3’ Amid Improved Economic Indicators Read More
Zimbabwe’s banking sector is facing a serious liquidity crisis as wealthy individuals hoard billions outside the formal system. Dr. Sibongile Moyo of BAZ highlights that much of the country’s wealth …
Cash-Hoarding Cripples Zimbabwe Banking Sector Read More
President Bola Tinubu’s proposed foreign loans could push Nigeria’s public debt from N144.67 trillion to over N182.91 trillion by 2026. Economists express concerns over sustainability and debt management as Nigeria’s …
Nigeria Faces Debt Surge with Fresh $24bn Borrowing Proposal Read More
The South African rand weakened to 17.9225 per dollar on Tuesday ahead of the SARB’s expected interest rate cut to 7.25%. Inflation remains below the target range, and recent economic …
South African Rand Weakens Amid Anticipation of Interest Rate Cut Read More
Argentina has announced its first peso-denominated debt sale in nearly a decade, aiming to raise up to $1 billion. This sale is critical for boosting foreign reserves and meeting IMF …
Argentina Unveils First Peso-Denominated Debt Sale in Nearly a Decade Read More
The BEAC injected 320 billion CFA francs into CEMAC’s banking system, falling short of the 540.9 billion CFA francs requested by banks. This move followed a policy rate cut intended …
BEAC’s 320 Billion CFA Franc Injection: A Quench for Banks’ Liquidity Thirst? Read More
GoldBod, the Ghana Gold Board, is poised to take over the former Bank of Ghana building to establish a central operational base. This move is part of the Mahama Administration’s …
GoldBod to Establish Presence in Former Bank of Ghana Building Read More
Amadou Hott’s candidacy for the African Development Bank presidency is threatened by a recent audit revealing significant underreporting of Senegal’s public debt during his ministerial tenure. The IMF has suspended …
Senegal’s Hidden Debt Scandal Hinders Amadou Hott’s AfDB Candidacy Read More
Tendai M. Shaba is set to release his new book, “How to Make Money Grow on Trees,” on July 28, 2025. The book focuses on financial literacy tailored to the …
Tendai Shaba Launches New Book on Financial Literacy for Africa Read More
Vera Daves de Sousa, Angola’s Finance Minister, has distinguished herself at the IMF and World Bank spring meetings. Despite Angola’s exclusion from international markets, Daves de Sousa brings considerable experience …
Vera Daves de Sousa: Angola’s Finance Minister Championing Economic Reform Read More