Africa Loses $74.5 Billion Annually Due to Unfair Credit Ratings
The United Nations has raised concerns over the financial impact of inaccurate and poorly contextualised credit ratings on African countries,...
Tag Archives: #AfricanEconomy
African Banks Must Build Resilience Beyond Capital as Global Risks Intensify — CBN
Africa’s financial institutions will need to look beyond capital accumulation and strengthen governance, cybersecurity and risk-management systems as the continent...
Sudan Currency Crisis Deepens as Pound Loses Nearly Half Its Value
Sudan's economic crisis is worsening as the national currency loses value in army-controlled territory, pushing essential goods further beyond the...
African Central Banks Expected to Keep Interest Rates High Amid Global Shocks
Several African central banks are expected to maintain relatively high interest rates as policymakers respond to renewed inflationary pressures caused...
South African Rand Weakens as $100-Plus Oil Adds Pressure Ahead of Fed Decision
The South African rand weakened on Monday as renewed disruption to Middle Eastern oil supplies pushed crude prices higher, adding...
Burkina Faso Gold Output Hits 26.7 Tonnes as State Expands Grip on Mining Sector
Burkina Faso produced approximately 26.7 tonnes of gold during the first half of 2026, underscoring the continued importance of mining...
Senegal’s Faye Heads to IMF Talks as Dakar Seeks Path Through Economic Reform
Senegalese President Bassirou Diomaye Faye is heading into crucial discussions with the International Monetary Fund as his government seeks to...
African BRICS Members Head to New Delhi as Iran War Tests Bloc’s Unity
Africa's members of the expanded BRICS grouping are preparing for a critical leaders' summit in New Delhi as the continuing...
South Africa Swings to Current Account Deficit as Iran War Drives Up Import Costs
South Africa recorded a current account deficit in the second quarter of 2026, reversing the strong surplus recorded during the...
S&P Downgrades Senegal Deeper Into Junk as Debt Crisis Intensifies
S&P Global Ratings has downgraded Senegal’s long-term foreign-currency sovereign credit rating to “CC” from “CCC+”, intensifying concerns over the West...