April 9, 2025
Angola has released its 2025 macroeconomic outlook, projecting economic growth of 3.61%, according to the government’s recently shared Macroeconomic Executive Program. The forecast, presented during a session of the Economic Commission of the Council of Ministers in Luanda, paints a mixed picture: promising growth momentum driven by the non-oil economy, but also persistent inflation expected […]
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April 9, 2025
Egypt has recorded one of its most significant economic milestones in recent years, as annual urban consumer price inflation fell to 12.8% in February, down from 24% in January. This sharp deceleration — faster than even the most optimistic forecasts — suggests a turning point for a country that has spent years battling high inflation, […]
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April 9, 2025
Kenya’s central bank has revised its outlook for economic growth in 2025, projecting a modest uptick to 5.6%, up slightly from the 5.4% expected this year. At first glance, this sounds like a positive turn. But in a region where economic potential often outpaces real performance, the numbers alone tell only part of the story. […]
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April 9, 2025
FNB economists have issued a cautious but necessary downgrade to their GDP growth forecasts in South Africa, reflecting the country’s mounting vulnerabilities — both from within and beyond its borders. According to their latest outlook, real GDP growth is now expected at 1.6% in 2025, 1.7% in 2026, and 2.0% in 2027. These revisions are […]
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April 9, 2025
Kenya’s fintech space just got another vote of confidence. Umba, a digital-first bank that has quietly but confidently carved out a space in the local lending market, has secured a $5 million debt facility from U.S.-based Star Strong Capital. The funds will go directly toward expanding Umba’s loan book in Kenya, where demand for SME […]
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April 9, 2025
Morocco is on track for a stronger year ahead. The World Bank’s latest update shows that the economy is expected to grow by 3.6% in 2025, compared to 3.2% in 2024. In simple terms, this growth means more business activity and investment across the country. However, behind the numbers, both opportunities and challenges could affect […]
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April 3, 2025
Egypt’s non-oil private sector saw a significant downturn in March, entering a contraction phase for the first time in 2025. According to the latest Purchasing Managers’ Index (PMI) report from S&P Global, the PMI dropped to 49.2 from 50.1 in February, falling below the 50.0 threshold that indicates the boundary between growth and contraction. Key […]
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April 3, 2025
The World Bank has approved a $1.08 billion concessional financing package for Nigeria, aimed at strengthening education, addressing malnutrition, and expanding economic support for vulnerable communities. This funding, which comprises three major programs, underscores the urgent need for social investments in a country grappling with economic shocks, rising poverty, and an overstretched public sector. The […]
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April 3, 2025
Global banking giant JP Morgan plans to expand its presence in Nigeria by converting its Lagos representative office into a fully operational business branch. The bank currently offers asset management, commercial, and investment banking services from Lagos. It now intends to apply for a merchant banking license from the Central Bank of Nigeria (CBN) in […]
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March 27, 2025
Ghanaian consumers are displaying an unprecedented level of optimism, despite ongoing economic challenges that have shaped the nation’s financial landscape in recent years. According to the latest Consumer Pulse Study by Pierrine Consulting, which has been tracking sentiment in Ghana for two years, overall consumer happiness has surged to 65%. This shift comes at a […]
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March 27, 2025
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has disclosed that the country has failed to meet key performance indicators required for the upcoming fourth review of its IMF-supported program in April 2025. The government fell short on crucial fiscal benchmarks, including the primary balance, inflation rate, and social protection spending—a development that could lead to […]
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