Economics - Africa Finance Review

Africa Finance Review

Sign in Subscribe

Economics

A collection of 11 posts

Nigeria's Foreign Reserve Grows to $37.31 billion a 22- Month High

Nigeria's Foreign Reserve Grows to $37.31 billion a 22- Month High

Nigeria's economic policy, known as Tinubunomics, is demonstrating positive outcomes, as evidenced by the growth of the country's foreign reserves to $37.31 billion. Why does this matter: The economic strategy, spearheaded by President Tinubu, has encountered several challenges, including removing the fuel subsidy, rapid devaluation

Ethiopia Floats Currency In Economic Reform.

Economics Featured

Ethiopia Floats Currency In Economic Reform.

Ethiopia has implemented the flotation of its birr currency in the open market as a measure to stabilise the currency and address the increasing demand for foreign currency needed for exports and economic initiatives. Why is this important: The Ethiopian government has recently implemented significant measures aimed at enhancing its

Kenya: The Rise of Rutonomics

Kenya: The Rise of Rutonomics

President William Ruto's economic reforms have yielded positive results for the largest economy in East Africa. Why is this important: President Ruto campaigned on a 'bottom-up' economic model that aimed to strengthen the Micro, Small, and Medium Enterprises (MSMEs) economy, create a strong digital superhighway and

Uganda's gold exports grows by 10-fold to $2.3 billion in 2023.

Uganda's gold exports grows by 10-fold to $2.3 billion in 2023.

Uganda's gold export has grown 10-fold over the last twelve months to $2.3 billion in 2023. Why is this important: According to data from the Central Bank of Uganda and reported by Reuters, the country's gold export rose to $2.3 billion in 2023 compared

Egypt targets $55 billion investment in 2023-2024 fiscal year to boost economy.

Egypt targets $55 billion investment in 2023-2024 fiscal year to boost economy.

Egypt expects to generate $55 billion worth of investment in the current fiscal year to boost its economy. The North African country has been facing an ongoing economic crisis, with the Egyptian pound losing around 50% of its value since 2022, high inflation and a budget deficit of 7.0%

Africa's best-performing currency since the start of 2024.

Africa's best-performing currency since the start of 2024.

Zambia's kwacha has rallied 13.8% to 22.8 against the dollar since the start of this year. Why is this important: The country's central bank, the Bank of Zambia, continues to tighten its monetary policy by raising the monetary policy rate by 150 basis points

Africa's Promising Economies

Africa's Promising Economies

Zambia joins Botswana and DRC to become Commercial Sellers of their Commodities.

Zambia joins Botswana and DRC to become Commercial Sellers of their Commodities.

Zambia, like Botswana and the Democratic Republic of Congo, is trying to implement a new economic playbook, selling its commodities directly to buyers. Why is this important: The current revenue-sharing model, where mining rights are allocated to companies like First Quantum Minerals and Barrick Gold to operate the mines and

Nigeria's Central Bank Settles Nearly $2 billion worth of FX Backlog

Nigeria's Central Bank Settles Nearly $2 billion worth of FX Backlog

Nigeria's Central Bank has settled nearly $2 billion of outstanding foreign exchange liabilities including does due to foreign airlines. Why is this important: The recently elected government is keen to create an enabling environment and has taken bold steps to grow the economy through tough decisions like abolishing

Mauritania On Track To Triple Economy With Gas Exports

Mauritania On Track To Triple Economy With Gas Exports

The International Monetary Fund (IMF) projects Mauritania's economic growth will triple in 2025, estimating a 5.1% growth in 2024 and a significant rise to 14.3% in 2025. Why is this important: The expected rise in economic growth is attributed to the first gas production and exports

Ghana Achieves Record Drop in Inflation Rate.

Ghana Achieves Record Drop in Inflation Rate.

Ghana has recorded a record 19-month low in November's inflation rate, a rare feat for any African nation. Why is this important: The gradual reduction in the overall inflation rate to 26.4% in November 2023 compared to 35.2% in October 2023 is due to a sustained