African Economy News
Latest articles and news about African Economy on AXL Media.
Latest Articles
- Nigeria’s Retail Sector Defies Global Inflation with Projected $20 Billion E-Commerce Surge
Published: Apr 25, 2026
Section: Africa
Despite a worldwide economic slowdown and soaring inflation rates in nations like Türkiye and Kenya, Nigeria’s retail industry is experiencing a significant boom. Bolstered by a 30...
- Democratic Republic of Congo Restores Monetary Gold Reserves Following First Delivery from State-Led Refinery Programme
Published: Apr 13, 2026
Section: Africa
The Central Bank of the Congo has received its inaugural batch of refined gold ingots, marking a major shift toward formalizing the artisanal mining sector. This state-led initiati...
- President Tinubu Defends Economic Stance in Bayelsa Claiming Nigerians Remain Better Off Than African Peers
Published: Apr 11, 2026
Section: Africa
During a civic reception in Yenagoa, President Bola Tinubu acknowledged the severe impact of rising fuel prices but insisted that Nigeria’s economic situation remains superior to t...
- Senegal Implements Ministerial Travel Ban as Global Oil Surge and Iran Conflict Stifle National Budget
Published: Apr 5, 2026
Section: Africa
Prime Minister Ousmane Sonko has prohibited Senegalese ministers from non-essential foreign travel to curb government spending as oil prices nearly double original budget projectio...
- Moroccan Royal Family’s Managem Group Pledges $750 Million to Scale Continental Gold Output
Published: Apr 3, 2026
Section: Africa
Managem Group, the mining arm of King Mohammed VI’s royal investment office, Al Mada, has launched a $750 million investment drive to increase gold production by 134% by 2030. Targ...
- United Nations and African Development Bank Warn of GDP Contraction as Middle East Conflict Disrupts Continental Trade
Published: Apr 3, 2026
Section: Africa
A joint report by the African Union and UN agencies indicates that African economies risk losing 0.2 percentage points of GDP growth in 2026. The findings, presented in Morocco, hi...
- Central Bank Of Nigeria Grants Flutterwave Banking Licence As Transaction Volume Surpasses Forty Billion Dollars
Published: Apr 3, 2026
Section: Africa
The Central Bank of Nigeria has officially authorized Flutterwave to provide comprehensive banking services, marking a major transition for the African fintech leader. Coinciding w...
- Nigeria Faces Economic Duality as Middle East Conflict Bolsters Oil Revenues While Igniting Continental Inflation Shocks
Published: Apr 3, 2026
Section: Africa
A joint policy brief by the African Development Bank and United Nations warns that escalating Middle East tensions provide a short term revenue windfall for Nigeria via higher crud...
- United Bank for Africa Partners With NiDCOM to Launch Integrated Diaspora Investment Platform
Published: Mar 19, 2026
Section: Africa
United Bank for Africa has teamed up with the Nigerians in Diaspora Commission to unveil a new digital banking ecosystem. The platform aims to transition diaspora engagement from s...
- African Development Bank Calls for Private Capital Influx to Bridge Continental Infrastructure Gaps and Fuel Trade
Published: Mar 11, 2026
Section: Africa
AfDB Director General Kennedy Mbekeani has urged African governments to shift from ownership to regulation to attract private investment for critical infrastructure. He emphasized...
- Pan-African Payment System Smashes Settlement Times to 12 Seconds as Trade Integration Gains Momentum
Published: Mar 11, 2026
Section: Africa
CEO Mike Ogbalu announced that the Pan-African Payment and Settlement System (PAPSS) has reduced cross-border transaction times from minutes to mere seconds. This technological lea...