African News
Kenya's debt costs to remain high due to local borrowing, Moody's says
By: Reuters 23rd July 2025 Kenya's cost of servicing its debts is expected to remain stubbornly high, ratings agency Moody's said on Wednesday, as the government leans on the... →
Malawi faces $2bn reserves hole on debt arrears, IMF says
By: Bloomberg 23rd July 2025 Malawi’s debt bill this year will be $2-billion more than what it holds in foreign reserves, according to the International Monetary Fund — an... →
Nigeria's Senate approves President Tinubu's $21 billion external borrowing plan
By: Reuters 23rd July 2025 Nigeria's Senate has approved President Bola Tinubu's plan for more than $21-billion in foreign borrowing to plug shortfalls in the 2025 budget, a... →
Economies in Africa that are not resources-based outperform those that are
By: Schalk Burger 23rd July 2025 Market research and intelligence company BMI has lowered its forecast headline growth rate for sub-Saharan Africa for this year to 3.7%, from its... →
Mozambique’s Maputo port sees sharp drop in volumes after unrest
By: Bloomberg 22nd July 2025 Mozambique’s Maputo port suffered a steep drop in shipments during the first half of the year amid trade uncertainties and social unrest, according... →
Nigeria set to hold rates pending clarity on inflation outlook
By: Bloomberg 22nd July 2025 Policymakers at the Central Bank of Nigeria are poised to leave borrowing costs unchanged at their third meeting of the year to gauge the... →
Kenya rights activist freed on bail, charged with unlawful possession of ammunition
By: Reuters 21st July 2025 Kenyan human rights activist Boniface Mwangi, who has played a prominent role in anti-government protests, was freed on bail on Monday after being... →
Zambia sees economic growth picking up to 6.4% next year
By: Reuters 21st July 2025 Economic growth in Zambia is expected to accelerate to 6.4% next year from 5.8% this year, driven by its mining and agriculture sectors, the... →
