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Economy
Botswana’s Economy Returns to Growth in Q1 2026 Amid Uneven Recovery
Gaborone, Botswana's economy recorded growth in the first quarter of 2026, ending a two-year contraction driven by a rebound in diamond-related activities and increased electricity production. However, the recovery remains uneven, marked by weak household spending, subdued investment, and a significant decline in exports, according to data from Statistics Botswana.
EBRD Targets $1.5 Billion Nigeria Investment Drive for Green Economy, Digital Transition
The European Bank for Reconstruction and Development (EBRD) plans to invest $1.5 billion in Nigeria over a two-year period, focusing on key sectors such as the green economy, digital infrastructure, and support for small and medium-sized enterprises (SMEs). This initiative marks a significant expansion of the EBRD's presence in Sub-Saharan Africa, aiming to bolster Nigeria's economic diversification and growth.
Botswana’s Inflation Surge Not Primarily Driven by Pula Weakness, Central Bank Clarifies
The Bank of Botswana attributes the nation's recent inflation surge primarily to global supply-side factors and domestic administered price adjustments, rather than the Pula's managed depreciation.
Ivory Coast’s World Cup Exit Prompts Review of African Sports Economy and National Branding
Ivory Coast's elimination from the World Cup after a 2-1 defeat to Norway underscores the broader economic implications for African nations in global sporting events, highlighting discussions on national branding, investment, and sports development across the continent.
Kaduna Governor Warns Judicial Politicization Threatens Nigerian Democracy, Investor Confidence
Kaduna State Governor Uba Sani has cautioned that the increasing politicization of judicial decisions in Nigeria poses a significant threat to the nation's democratic framework and erodes investor confidence. His remarks highlight critical concerns for judicial independence and the stability of governance in West Africa's largest economy.
Nigeria’s Trade Deficit with United States Expands to N1.63 Trillion Amid Export Decline
Nigeria's trade deficit with the United States surged to N1.63 trillion (approximately USD 1.83 billion) in the third quarter of 2023, driven by a substantial N365.6 billion drop in exports and a near-doubling of imports. This widening imbalance puts additional pressure on Nigeria's foreign exchange reserves and the stability of the naira.
Botswana’s Economy Navigates Global Headwinds with Diamond Sector and Prudent Monetary Policy
GABORONE, Botswana, Botswana's economy, a leading global diamond producer, continues to manage external shocks through strategic mineral revenue management and vigilant monetary policy. Mid-2026 assessments highlight the nation's ongoing efforts to maintain fiscal stability and diversify its economic base, despite fluctuations in the global diamond market and broader macroeconomic pressures.
Nigeria: Tinubu’s Infrastructure Plan to Reflate Economy Amid Inflation
Nigerian President Bola Tinubu's administration is prioritizing extensive infrastructure development to stimulate the national economy, aiming to mitigate high inflation and currency instability through enhanced productivity and job creation.
Botswana’s Central Bank Payout Signals Fiscal Trade-Offs Amid Record Transfer
The Bank of Botswana transferred a record P7 billion to the government in 2022, providing a significant fiscal boost but raising concerns about the central bank's long-term financial health and monetary policy capacity.
Itsekiri Group Flags Security Concerns Ahead of Olu of Warri’s Uvwie Visit
The Itsekiri National Youth Council (INYEC) has issued an alert regarding an alleged plot to disrupt the highly anticipated visit of the Olu of Warri, Ogiame Atuwatse III, to the Uvwie Kingdom in Delta State, Nigeria. The group has called for immediate security intervention to prevent potential civil unrest and ensure the safety of the monarch and his entourage.