South Africa's Finance Minister delivers his 2026 Budget Speech

South Africa’s Finance Minister, Enoch Godongwana, earlier tabled his 2026/27 Budget against a more favourable backdrop, with public finances reaching a turning point and stabilising for the first time in 17 years. Addressing Parliament, Minister Godongwana said the National Treasury is making he…

The Central Bank of Nigeria cuts Monetary Policy Rate by 50 basis points to 26.5%

The Monetary Policy Committee of the Central Bank of Nigeria has cut the Monetary Policy Rate by 50 basis points to 26.5%, citing sustained disinflation and improved macroeconomic stability. Speaking at the February committee meeting, the first of the year, the Governor of the apex bank, Olayemi Ca…

Tourism leaders say stronger collaboration, improved infrastructure and better connectivity are essential to unlocking Africa’s tourism potential

Tourism leaders say stronger collaboration, improved infrastructure and better connectivity are essential to unlocking Africa’s tourism potential. These issues are in focus as Meetings Africa 2026 wraps up today in Johannesburg, where industry stakeholders have gathered to discuss the future of tra…

Malawi rejects bids for Treasury bills in move aimed at curbing excessive domestic borrowing

Since the beginning of the year, the Government of Malawi has been rejecting bids for Treasury bills (T‑bills), a move fiscal and monetary authorities say is aimed at curbing excessive domestic borrowing and reinforcing efforts toward fiscal consolidation and debt sustainability. Chifipa Mhango, …

Godongwana highlights infrastructure investment as key to South Africa’s economic growth in his 2026 Budget Speech

South Africa’s Finance Minister, Enoch Godongwana, has identified infrastructure investment as the cornerstone of the country’s economic growth in his 2026 Budget Speech. He announced that public‑sector infrastructure spending will reach approximately $68 billion over the next three years, with gov…

Standard Bank looks at what’s in store for small and medium enterprises ahead of Wednesday’s Budget Speech in South Africa

Ahead of Wednesday’s Budget Speech in South Africa, to be delivered by Finance Minister Enoch Godongwana, this week’s Standard Bank slot looks at what lies ahead for small and medium‑sized enterprises (SMEs). The discussion centres on the critical role SMEs play in driving economic growth, job crea…

SME Feature: Reality of leadership and entrepreneurship in South Africa's current economic climate

The 2023/2024 Global Entrepreneurship Monitor report shows that South Africa’s early‑stage entrepreneurial activity (TEA) has fallen below pre‑pandemic levels. The report notes that many people are turning to entrepreneurship out of necessity, seeking income in a challenging job market. For those …

The continent's premier business‑events trade show Meetings Africa 2026 marks 20 years

South Africa’s Tourism Minister, Patricia de Lille, officially opened the trade floor earlier today at Meetings Africa 2026. This year marks 20 years of the continent’s premier business‑events trade show, bringing together buyers and exhibitors from across Africa and beyond. Our reporter, Lebogang …

Mozambique to receive approximately $6 billion in financing from the World Bank Group

Mozambique is set to receive approximately $6 billion in financing from the World Bank Group over the next five years. Finance Minister Carla Louveira says the funding will support economic growth through key development projects and initiatives aimed at accelerating national progress and creating …

The Special Investigating Unit reveals that South Africa's immigration system is operated like a marketplace

South Africa’s Special Investigating Unit (SIU) has revealed that the country’s immigration system has been operating like a marketplace, with permits and visas effectively sold to the highest bidder. Investigators found that a small group of officials exploited weaknesses in the system for years, …