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  • Vaughn Hillyard

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World Bank says Africa could boost intra-continental services trade by over 60 percent

Vaughn Hillyard Aug 29, 2026
The World Bank projects Africa could increase intra-continental services trade by 60-64% by 2035 through deeper sector liberalization.
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South Africa’s Rainbow Chicken reports full-year results and declares dividends

Vaughn Hillyard Aug 29, 2026
South Africa’s Rainbow Chicken reported a 7.7% revenue increase to R17.1 billion and a 134.8% earnings rise to R1.34 billion, declaring dividends.
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Ethiopia’s reform push draws surge of Chinese investment

Vaughn Hillyard Aug 28, 2026
Chinese investment in Ethiopia exceeded $200 million in early 2024, funding nearly 100 projects and creating over 18,000 jobs amid reform efforts.
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Kenyan police fire tear gas to disperse traders protesting import duty hike

Vaughn Hillyard Aug 28, 2026
Kenyan police used tear gas to disperse traders protesting a 28% hike in import duty valuation in central Nairobi.
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Rwanda secures $190m World Bank-backed financing in first yen borrowing

Vaughn Hillyard Aug 27, 2026
Rwanda secured $190 million in a World Bank-backed 15-year dual-currency loan, marking its first yen-denominated borrowing for budget support.
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Nigeria hits OPEC quota but oil windfall remains out of reach

Vaughn Hillyard Aug 27, 2026
Nigeria met its OPEC crude oil production quota of 1.5 million barrels per day in July 2026, but oil revenue gains remain limited.
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Fitch revises Tanzania’s outlook to positive from stable on declining debt

Vaughn Hillyard Aug 25, 2026
Fitch upgrades Tanzania's outlook to positive from stable, citing improving fiscal fundamentals and declining government debt projected at 46.2% of GDP by 2028.
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Africa’s $7bn sukuk milestone masks structural constraints, says Fitch

Vaughn Hillyard Aug 25, 2026
Outstanding African sukuk exceeded $7 billion in August 2026, led by Egypt, Nigeria, South Africa, and Benin, but structural constraints limit market growth.
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Egypt central bank approves digital financial identity platform regulations

Vaughn Hillyard Aug 25, 2026
The Central Bank of Egypt approved regulations for its Digital Financial Identity Platform to enable remote bank account opening and digital financial services.
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CBN Moves to Raise N700bn From Nigerian Treasury Bills as Liquidity Tightens

Vaughn Hillyard Aug 24, 2026
The Central Bank of Nigeria auctioned N700bn in Treasury Bills with 91, 182, and 364-day tenors to manage tightening liquidity.
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