Africa ETP News
you are currently viewing::IMF Staff Completes 2025 Article IV Mission with NigeriaJuly 2, 2025--The Nigerian authorities have implemented major reforms over the past two years which have improved macroeconomic stability and enhanced resilience. The authorities have removed costly fuel subsidies, stopped monetary financing of the fiscal deficit and improved the functioning of the foreign exchange market. At the same time, poverty and food insecurity have risen, and the government is now focused on raising growth. Growth accelerated to 3.4 percent in 2024, driven mainly by increased hydrocarbon output and vibrant services sector. Agriculture remained subdued, owing to security challenges and sliding productivity. Real GDP is expected to expand by 3.4 percent in 2025, supported by the new domestic refinery, higher oil production and robust services. Against a complex and uncertain external environment, medium-term growth is projected to hover around 3½ percent, supported by domestic reform gains. Source: imf.org |
Africa: Nigeria and South Africa Plan to Boost Fossil Fuel Production, Risking Their Climate Change Pledges
January 11, 2026--Just 20 countries produce 80% of the world's oil, gas and coal. Since 2019, researchers have released regular reports analysing how these governments plan to continue drilling and mining for fossil fuels -and how those plans diverge from the global climate goal set out in the Paris Agreement, which aims to limit temperature rise to less than 1.5° above pre-industrial levels.
African Union, China Agree to Explore Full Potential for Practical Cooperation
January 8, 2026--The African Union and China have agreed to explore the full potential for practical cooperation between China and the African Union, with a view to delivering tangible benefits to the peoples of Africa and China.
IMF: Africa to become world leader in economic growth in 2026
January 4, 2026--Most of the fastest-growing economies, with gross domestic product growth rates exceeding 6%, will be on the African continent in 2026, according to Africanews, citing data from the International Monetary Fund (IMF).
African exchanges lead in USD returns
January 3, 2026-How far can the record-breaking bull run continue for Africa's stock exchanges? Many African exchange indices were up remarkably over 2025, encouraging participation by local investors and leading to renewed interest by domestic companies to come to the market for initial public offerings (IPOs) and other capital raising.
BRVM's eight countries move to T+2 settlement on 4 Dec
December 2, 2025-The West African regional securities market is switching to T+2 settlement (second day after trading) with effect from the trading session this Thursday, 4 December. The move has been prepared by the Dépositaire Central / Banque de Règlement (DC/BR, central depository and settlement bank) and will take effect from Friday's trading on the Bourse Régionale des Valeurs Mobilières (BRVM).
AfDB and IGAD launch a new initiative to stimulate a blue economy breakthrough in the Horn of Africa
December 1, 2025-The Intergovernmental Authority on Development (IGAD), in partnership with the African Development Bank Group (AfDB), recently launched a new multinational project to accelerate coordinated blue economy actions across the Horn of Africa.
T+2 to transform Nigerian securities trading 28 November
November 24, 2025-The Nigerian capital market will be transformed this Friday, 28 November, as it moves to the settlement on the second business day after trading, T+2. The market is currently on T+3 (settlement on the third day after trade), apart from fixed income securities and commodities which already settle on T+2.
