Africa
South Africa Plans to Phase Out Prime Lending Rate by 2027, SARB Says
South Africa’s central bank is considering scrapping the country’s prime lending rate as early as next year, aiming to make...
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Ghana to Host First Tree Crops Investment Summit Targeting $600 Million Funding
The Tree Crops Development Authority (TCDA) of Ghana will host the first Ghana Tree Crops Investment Summit (GTCIS) from February...
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Togo’s GDP Per Capita Surpasses $1,300 in 2025 Following Economic Growth and UN Demographic Revision
Togo’s GDP per capita has crossed the $1,300 mark in 2025, driven by stronger economic activity and a recent demographic...
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Madagascar Launches 150,000-Hectare Rice Expansion to Boost Domestic Production
Madagascar has unveiled plans to develop 150,000 hectares of new rice-growing areas in a bid to strengthen domestic production and...
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Senegal Targets 6,471 Villages for Electricity by 2029 in $724M Expansion
Senegal’s national power utility, SENELEC, has announced plans to connect 6,471 villages to electricity by 2029 under a 400 billion...
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Ghana Lowers Cocoa Farmgate Price Amid Global Market Slump
Ghana has reduced its farmgate cocoa price for farmers, aligning it with international market levels to stimulate demand and address...
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Ghana Sets Gold Production Record at 6 Million Ounces in 2025, Eyes 6.5 Million in 2026
Ghana achieved a record 6 million ounces of gold production in 2025, up 25% from 4.8 million ounces in 2024,...
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Togo Signs Five-Year Nuclear Cooperation Deal with IAEA
Togo has signed a five-year Country Programme Framework agreement with the International Atomic Energy Agency (IAEA), paving the way for...
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Kenya’s Central Bank to Buy Gold, Diversifying Foreign Exchange Reserves
Kenya’s Central Bank (CBK) has announced plans to purchase gold as part of a strategy to diversify its foreign exchange...
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Mali to Establish State-Owned Company to Manage Mining Holdings
Mali has announced plans to create a state-owned company, Sopamim, to manage its holdings in mining companies, the country’s council...
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