Meristem Securities has argued that interest rates will remain low until, at least, the end of H1 2021.
The US dollar closed at ₦470/US$1 in the parallel market
According to a recent report, the exchange rates at the parallel market and the I&E FX window are expected to converge in 2021.
Slower than required recovery in key markets, notably South Africa, Nigeria and Angola, may drag Sub-Saharan Africa (SSA) growth in 2021.
Fossil fuel is expected to dominate Africa’s energy mix by the end of the decade.
The African Union has secured about 300 million COVID-19 vaccine doses in the largest of such agreements yet for Africa.
US President, Donald Trump, has described as "absolutely ridiculous", the move to remove him from office.
Daystar Power, provider of hybrid solar power solutions to businesses in West Africa, today announced a Series B investment of $38 million.
World Bank has announced plans to invest over $5 billion within the next five years to help restore degraded landscapes in 11 African countries.
Members of Africa's new free trade area will complete their tariff reduction schedules and finalise essential rules of origin by July.