Nigeria suspends implementation of a new telecommunications tax
Citing the rising cost of operations in the mobile industry in Nigeria, Communications Minister Isa Pantami has suspended the implementation...
Zambia wants US$8.4bn in cash debt relief
In a report published by the International Monetary Fund (IMF), the Zambian government has put in place a plan for...
The Fed’s quantitative tightening expected to impact on Africa
Since June, the US Federal Reserve has been unwinding its holding of US Treasuries and mortgage-backed securities, with the pace...
Kenyaโs FX reserve levels are at the lowest in five years
Data from the Central Bank of Kenyaโs (CBK) weekly bulletin showed that foreign exchange reserves fell to US$7.38bn in the...
Nigeria is failing to capitalise on higher-than-expected oil prices
The latest data from the Central Bank of Nigeria (CBN) showed that foreign currency reserves halted two months of increases...
Kenya oil import costs rise by 38%
The Central Bank of Kenya, in its quarterly economic review, reported that the countryโs oil import costs rose by 38...
Nigeria: firms remained optimistic about output growth
Nigeriaโs S&P Global/ Stanbic IBTC Bank PMI fell to 52.3 in August from 53.2 in the month prior. While the...
Kenya: prolonged drought, shilling sell-off add pressure to inflation
Headline inflation in Kenya continued to accelerate in August, printing at 8.5 percent y/y from 8.3 percent in the month...
IMF approves US$1.3bn for Zambia
After months of delays, the International Monetary Fund Board has approved the US$1.3bn 38-month extended credit facility (ECF) arrangement for...
Nigeria set to implement a security infrastructure similar to Saudi’s Aramco
To protect its oil pipelines and curb oil theft, which has contributed to the missing of OPEC targets and an...
