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Nigeria targets single-digit inflation by end-2027 to unlock cheaper borrowing, minister says
ABUJA, Oct 26 (Reuters) - Nigeria aims to cut inflation to low single digits before the end of 2027, paving the way for sharply lower interest rates that could lower borrowing costs and support growth
Nigeria bourse CEO says Dangote refinery IPO to widen investor base
LONDON, Oct 22 (Reuters) - Dangote's $1.6 billion refinery IPO could grow Nigeria's active investor base fivefold, said the CEO of the country's stock exchange, which hopes it will deepen links with o
South Africa's Pick n Pay withdraws restructuring process, sees narrower interim loss
Oct 22 (Reuters) - South African retailer Pick n Pay (PIKJ.J), opens new tab on Thursday said it has withdrawn a previously announced restructuring consultation process, and forecast a 25%-35% narrowi
Uganda export earnings up 36% in August on higher gold receipts
KAMPALA, Oct 22 (Reuters) - Uganda's export earnings surged 36% year-on-year in August, helped by a rise in receipts from shipments of gold and other commodities, a finance ministry report showed on T
Gabon says debt audit findings still under review by IMF, may be revised
JOHANNESBURG, Oct 19 (Reuters) - Gabon said on Monday that findings from its debt audit were under review by the International Monetary Fund and could be revised, according to a government circular.
South Africa set for brighter fiscal outlook in Wednesday's mid-term budget
JOHANNESBURG, Oct 19 (Reuters) - South Africa's finance minister is expected to present an improved fiscal outlook in his mid-term budget on Wednesday, with a revenue windfall bolstering a push to reg
Kenya confirms four new Ebola cases, bringing total number to seven
Oct 17 (Reuters) - Kenya confirmed four new cases of the Ebola Bundibugyo virus on Saturday, including three health workers who treated the country's first patient, bringing the total number of confir
Nigeria's inflation rate eases slightly but still a worry for many citizens
ABUJA/LAGOS, Oct 15 (Reuters) - Nigeria's headline inflation rate slowed slightly last month, data showed on Thursday, but it remains stuck around 15% in annual terms and a concern for many citizens m
South Africa to open payments system to retailers, telecoms, fintechs in 2027
JOHANNESBURG, Oct 16 (Reuters) - South Africa will open its payments system to non-bank operators, including telecoms firms, fintechs and retailers, from mid-2027, a central bank official said on Frid
US wants Senegal debt restructuring wrapped up in less than a year
BANGKOK, Oct 15 (Reuters) - The United States views Senegal's request for debt restructuring as a "great example" of progress on the Group of 20 Common Framework, and wants to see work on the case com
South Africa's central bank governor Kganyago sees upside risks to inflation
BANGKOK, Oct 15 (Reuters) - Rising global energy prices and food costs continue to pose upside risks to inflation in South Africa, the central bank head said on Thursday, with consumer prices expected
Nigeria State Oil Firm Advances IPO Plans After Dangote Success
Nigerian National Petroleum Co. is making progress on plans for a public listing, following the successful precedent set by billionaire Aliko Dangote's offering of shares in his refining company. "We
Ethiopia launches its first gold refinery, Prime Minister says
ADDIS ABABA, Oct 12 (Reuters) - Ethiopia has launched its first gold refinery, a $50 million joint venture aimed at turning the East African nation into a regional processing hub for precious metals,
South Africa were supposed to strike fear into Australia. Not roll out the red carpet
It was meant to be their time. The moment South Africa demonstrated why they were worthy world Test champions against an ageing Australia side battling against the ravages of Father Time and the painf
Nigeria's Dangote oil refinery IPO to be extended by 10 days, executive and adviser say
ABUJA, Oct 12 (Reuters) - The initial public offering of Nigerian billionaire Aliko Dangote's oil refinery will be extended by 10 days to allow investors from other African countries to participate, a
Libya's military seizes narcotics after firefight with smugglers
TRIPOLI, Oct 10 (Reuters) - Libya's military brigade seized more than 1.3 million narcotic pills after a firefight with smugglers in a southeastern town that injured three soldiers, the military said
Kenya expects budget deficit to rise to 5.9% of GDP in 2027/28
NAIROBI, Oct 9 (Reuters) - Kenya's budget deficit is expected to rise to 5.9% of gross domestic product in the 2027/28 fiscal year from 5.5% in 2026/27, the finance ministry said on Friday. ($1 = 12
Eritrean troops drive through northern Ethiopian town, witnesses say
Oct 7 (Reuters) - Eritrean soldiers drove through the northern Ethiopian town of Adigrat on Wednesday, two witnesses told Reuters, days after the Horn of Africa neighbours severed diplomatic ties, rai
Ethiopia names Fitsum as new finance minister
ADDIS ABABA, Oct 8 (Reuters) - Ethiopia's Prime Minister Abiy Ahmed on Thursday named Fitsum Assefa Adela as finance minister in his new cabinet, replacing Ahmed Shide who has become speaker of the l