IMF Reports Positive Progress on Senegal Debt Talks, Backs Nigeria Policy Moves

IMF confirms staff-level agreement with Senegal; first creditor meeting under Common Framework was positive.

Nigeria’s rate cut to 23% is appropriate normalization; monetary stance remains tight, not easing.

Targeted support for poorest 40% costs at most 0.5% of GDP versus 4% for broad fuel subsidies.

Regional resilience from reforms is real, but governments must not sacrifice future growth.

IMF Reports Positive Progress on Senegal Debt Talks, Backs Nigeria Policy Moves

IMF confirms staff-level agreement with Senegal; first creditor meeting under Common Framework was positive.

Nigeria’s rate cut to 23% is appropriate normalization; monetary stance remains tight, not easing.

Targeted support for poorest 40% costs at most 0.5% of GDP versus 4% for broad fuel subsidies.

Regional resilience from reforms is real, but governments must not sacrifice future growth.

Health

Over $700 Million in Congo Ebola Response Funds Unaccounted For

Energy

Oil Eases to $105 as Traders Weigh US Inventory Draw Against Supply Risks

Business

Ethiopia Joins PAPSS to Accelerate Cross-Border Trade and Cut FX Dependency

Business

South Africa Pulls Plug on SKD Vehicle Assembly Support to Boost Local Manufacturing

Arts & Entertainment

Water is the beginning: Nigerian military frames water as national security at UN City

Economy

Nigeria’s Inflation Eases to 14.63% in September, Lowest Level Since Early 2025

Energy

Kenya Hikes Fuel Prices to Historical Highs as Middle East Conflict Elevates Import Costs

Finance

Senegal’s RGS Seeks €530 Million for Gas Pipeline Expansion

Building Africa’s Business Community

28 July 2026

Beyond the Red Carpet: The UK State Visit is an Investment in Nigeria’s Future

24 March 2026

South Africa to scrap its prime lending rate with central bank policy rate

18 February 2026

Nigeria Industrial Giant BUA Partners Abu Dhabi’s AD Ports to Revolutionize West African Logistics

17 February 2026

Nigerian Breweries Swings Back to Profitability in 2025 After 2 years losing streak

13 February 2026

AU Summit: Nigeria Secures Permanent Seat on African Central Bank Board

13 February 2026

Economy

World Bank: AI Could add $1 Trillion to Africa’s GDP by 2035, If Foundations are Built

Economy

Africa launches credit agency to contest higher borrowing costs

Economy

One year after the USAID cut, Africa’s HIV drugs held, clinics did not

Economy

Ghana Inflation Rises to 5.2% in September as Food Costs Accelerate

Economy

Top 10 most indebted African economies, 2026

Economy

World Bank lifts Africa’s 2026 growth forecast to 4.3%, but jobs and poverty lag

Business

Bloomberg ranks Nigeria higher; institutions and infrastructure still don’t

Economy

Nigeria Private Sector Activity Hits Multi-Year High – PMI

Business

Nigeria’s New Sugar Tax Hits Consumer Pockets, Not Sugar Levels – Dr. Okiti

Business

Ethiopian Airlines Expands Cargo Fleet with Landmark 10-Jet Boeing Agreement

Business

Tullow Oil Shares Plunge 44% After Losing Landmark $196.5 Million Ghana Tax Arbitration

Business

Ditching Diesel: How Cheap Solar Is Saving African Business Profits

Business

Kenya Court Refuses to Halt Dangote’s $16B Lamu Refinery Project

Business

Barrick Gold Secures Labor Peace at Mali’s Loulo-Gounkoto Complex After Agreement

Business

Nigeria: The Policy Rate Is 23%. Here Is What Your Business Should Expect

Business

How African Businesses are still borrowing through mid-2026

Book Review

The Greatest Minds and Ideas of All Time

Book Review

Lagos: Supernatural City – Tales of Survival, Spirituality, and the Struggle for Power in Africa’s Biggest Metropolis

Book Review

The Oil Curse: How Petroleum Wealth Shapes the Development of Nations

Book Review

Reforming the Unreformable – Lessons from Nigeria

Book Review

Why Growth Matters – How Economic Growth in India reduced poverty and the lessons for other developing countries

Book Review

Cobalt Red – How the blood of the Congo Powers Our Lives