Ethiopia spends $2.2 billion defending its currency as birr hits a record low, weakest among 23 African currencies
Ethiopia has spent about $2.2 billion this year trying to support its weakening currency, but the intervention has so far
Economy
Tanzania’s billionaire-led MeTL plans $250 million Mozambique expansion targeting 20,000 jobs
Tanzania’s Mohammed Enterprises Tanzania Limited, known as MeTL Group, has pledged to invest $250 million in Mozambique and target the
US dollar falls to 10-week low as weak economic data weighs on Fed rate outlook
10-year US Treasury yield drops to around 4.68% after retail sales, employment figures signal softer economic activity The US dollar
Petrol prices to drop today with diesel up in mixed pump price review
Petrol prices are expected to fall while diesel prices could rise from today, August 17, in a mixed review of
Labour backs proposed IPEC but demands full involvement in pay reforms
Organised labour has expressed support for the proposed Independent Public Emoluments Commission (IPEC), while calling for its continuous involvement in
Senegal hikes fuel prices amid surge in global oil markets
Senegal has raised fuel prices in a move the government says is necessary because of the sharp rise in global
Eurozone economy grows 0.4% in 2nd quarter, matching expectations
The eurozone economy expanded by 0.4% in the second quarter of 2026, matching market expectations, according to a flash estimate
24-Hour Economy must go beyond slogans – AGI demands concrete action
The CEO of the Association of Ghana Industries (AGI), Seth Twum Akwaboah, has urged government to move beyond slogans and
Libya’s central bank governor resigns without explanation
The governor of Libya’s central bank, Naji Issa, has resigned without giving a reason, several reports said on Monday. Private
Cocoa farmers urge review of Bill before presidential assent
Cocoa farmers have urged the Government to delay assent to the Ghana Cocoa Board Bill, 2026, pending wider consultations. The