Economic

Economic by AfricaHeadline unpacks the numbers, policies, and trends shaping Africa’s economies. From agriculture to fintech, trade to inflation, we break down what’s driving growth, and what’s holding it back. With expert insights and grassroots perspectives, we connect economic data to everyday African lives.

Sonangol unveils strategy to double operations

Luanda, Angola – Angola’s state-owned oil company, Sonangol, has unveiled ambitious plans to significantly increase
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BPC focuses on recovery and expansion amid Angola’s banking sector

Johannesburg, South Africa – The Banco de Poupança e Crédito (BPC), Angola’s largest state-owned financial
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FirstBank of Nigeria targets expansion into Ethiopia, Angola, and Cameroon

Lagos, Nigeria – First Bank of Nigeria Limited (FirstBank), one of Nigeria’s oldest and most
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A lifeline for South Africa with Universal Basic Income Grant

Johannesburg, South Africa – South Africa is set to launch the Universal Basic Income Grant
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The dollar and the global financial system

Johannesburg, South Africa – Since the Bretton Woods Agreement in 1944, the US dollar has
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Africa’s Economic Outlook for 2025

Growth, Challenges, and Opportunities Johannesburg, South Africa – Africa’s economy is forecast to grow at
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Angola sees steady industrial growth in Q3 2024

Lagos, Nigeria – Angola’s industrial sector demonstrated notable resilience in the third quarter of 2024,
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Africa strengthens global agricultural leadership with record results in 2024

Lagos, Nigeria – Africa’s agricultural sector has reached new heights in 2024, driving economic growth
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Nigeria’s economy grows by 3.46% in Q3 2024

Johannesburg, South Africa – Nigeria’s economy recorded a 3.46% growth in the third quarter of
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Angola’s GDP grows 5.5% in Q3 2024

Johannesburg, South Africa – Angola’s Gross Domestic Product (GDP) grew by 5.5% in the third
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