AfricanEconomy

Surge in South African Consumer Optimism Marks Bright Festive Season in 2024

19 days ago

As the holiday season approaches, South Africa is experiencing an uplift in consumer sentiment, marking the highest level of optimism since 2019. Recent findings reveal that many South Africans are gearing up for celebrations amid a backdrop of economic recovery and improved financial conditions.

Standard Chartered Targets Wealthy Africans for Future Growth

1 month ago

In a strategic move to enhance its presence in Africa's burgeoning wealth market, Standard Chartered Bank is shifting its focus towards serving the affluent individuals on the continent. The London-based financial institution sees the rising number of high-net-worth individuals (HNWIs) in Africa as a significant opportunity for growth, especially as the bank aims to strengthen its private banking services.

African Economies Surge to New Heights: Fastest Growth Since 2017

2 months ago

The economic landscape across Africa has been witnessing a remarkable upswing, as recent data reveals that markets are expanding at the most rapid pace observed since 2017. According to a report released by Absa Group Ltd., this resurgence is being driven by a combination of recovering global demand, increased investment, and a series of strategic reforms across various nations.

AfDB Explores Investment in New African Credit Guarantee Ventures to Boost Financial Access

3 months ago

In addition, AfDB has announced that it may increase its stake in other credit guarantee enterprises in Africa to ensure better financial access and economic growth. This is intended to be an enabling environment for the businesses, especially the small and medium-sized ones.