Nigeria’s Federation Account Allocation Committee distributed a record-breaking N1.82tn in June, marking the highest monthly allocation in the nation’s history. This dramatic surge from April’s ...

Visa Inc launched its first data centre in Africa on Wednesday, capitalising on the emerging economy's rapid growth in ...

Economic growth in Sub-Saharan Africa is showing some resilience despite uncertainty in the global economy and restricted fiscal space. Regional growth is expected to reach 3.5% in 2025 and further ...

Fourth-quarter growth was led by the services sector which grew 5.37% year-on year, the National Bureau of Statistics said. Full-year growth accelerated to 3.40% last year from 2.74% in 2023, it said.

JOHANNESBURG--(BUSINESS WIRE)--Africa’s digital payments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that the ...

PRETORIA (Reuters) -South Africa's economy stagnated in the first quarter, eking out quarter-on-quarter growth of just 0.1%, as contractions in sectors like mining and manufacturing offset a ...

The digital economy is bridging the gap between local markets and global investors. Success stories in fintech, e-commerce, and mobile technology are showcasing Africa’s potential. Cultural ...

With Africa projected to host 25% of the world’s population by 2050, a tailored business strategy is essential to unlocking the region's full potential.

South Africa’s economy expanded at the slowest pace in four years in 2024 as most sectors failed to contribute to growth because of logistical constraints, weak consumer spending, a drought and ...

PRETORIA, March 4 (Reuters) - South Africa's economy returned to modest growth in the fourth quarter of last year, helped by a recovery in agricultural output after the sector triggered a ...

It also noted that Lagos's economy witnessed significant growth in the first half of 2024, expanding to N27.38 trillion, representing a substantial increase from N19.65 trillion in 2023.

While the challenges are massive, South Africa’s new government has a unique opportunity to use its fresh mandate to implement an ambitious package of reforms that can put the economy on a path toward ...