The International Monetary Fund (IMF) recently revised Angola’s growth forecast to 2.4% for 2025, citing concerns over lower crude oil prices impacting government finances and global market interest rate hikes. This adjustment sheds light on the intricate web of debt and economic hurdles that Angola is navigating. Market Turmoil and Financial Demands As reported by
Cryptocurrency fever is sweeping through South Africa, reshaping the nation’s financial landscape. At the heart of this revolution stands Bybit, emerging as the go-to crypto exchange for traders across the country. Amidst market fluctuations in major coins like Bitcoin and Ethereum, South Africans are turning to Bybit for its secure platform, user-friendly interface, and real-time
The sun was setting over the vibrant city as ministers from across the Economic Community of West African States (ECOWAS) convened for their 4th Joint Meeting on Trade and Industry. The atmosphere buzzed with anticipation, echoing the urgent need for economic diversification, industrial growth, and enhanced regional collaboration. Building Economic Resilience Dr. Jumoke Oduwole, Nigeria’s
The European Bank for Reconstruction and Development (EBRD) has set the stage for an exciting development in Africa. In a recent announcement, the EBRD revealed its decision to welcome three new African members – Nigeria, Ivory Coast, and Benin – into the realm of potential investments. This significant move follows the approval granted by the
The economic landscape of Angola has been a rollercoaster ride recently, with the International Monetary Fund (IMF) revising down the country’s growth forecast to 2.4% for 2025. This downgrade is primarily attributed to the challenges stemming from lower crude oil prices impacting government finances and increased global interest rates. Market Turmoil and Debt Woes In
Cryptocurrency fever is sweeping through South Africa, reshaping the financial landscape with Bybit emerging as the go-to crypto exchange for traders nationwide. As the prices of major cryptocurrencies like Bitcoin, Ethereum, Solana, and Cardano experience significant fluctuations, South Africans are turning to Bybit’s reliable and user-friendly platform to navigate these volatile markets effectively. Bybit: The
Absa, a prominent African bank, recently shared its thoughts on the surprising surge of the Ghana cedi. In their statement titled “Ghana Market Insight,” released on May 12, 2025, Absa expressed that while the Bank of Ghana’s decision to inject more hard currency into the interbank market contributed to the cedi’s recent strong performance, they
The world is in flux, a kaleidoscope of changing powers and rearranged trade agreements. Africa stands at the crossroads of history, facing a unique opportunity to redefine its place in the global arena amidst geopolitical transformations that are reshaping traditional alliances and economic landscapes. As reported by Mail & Guardian, recent events like the withdrawal
The West African region is abuzz with the recent developments stemming from the 4th Joint Meeting of ECOWAS Ministers of Trade and Industry. The ministers have emerged united, with a resounding commitment to bolstering trade, industry, and investment cooperation across member states. Dr. Jumoke Oduwole, the distinguished Minister of Industry, Trade, and Investment, led the
The European Bank for Reconstruction and Development (EBRD) has made a significant stride in its mission to foster economic growth by approving Nigeria, Ivory Coast, and Benin as new member states, as reported by TimesLIVE. This decision marks a pivotal moment for the development finance institution as it signals an expansion of its reach into