Abna news
ABNA stands for African Business News Agency, which is a news agency that provides news and information on business and economic developments in Africa. Here are some recent news articles from ABNA:
Top Stories
- Nigeria's Economy Grows by 2.3% in Q1 2023: Nigeria's economy has recorded a growth rate of 2.3% in the first quarter of 2023, according to the National Bureau of Statistics (NBS).
- South Africa's Inflation Rate Rises to 5.9%: South Africa's inflation rate has risen to 5.9% in April 2023, driven by higher food and fuel prices, according to the South African Reserve Bank (SARB).
- Egypt's Economy Grows by 5.6% in Q1 2023: Egypt's economy has recorded a growth rate of 5.6% in the first quarter of 2023, driven by a strong performance in the services sector, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
Business News
- MTN Group to Invest $200 Million in Nigeria: MTN Group, a South African telecommunications company, has announced plans to invest $200 million in Nigeria to expand its network and improve services.
- Kenya's Safaricom to Launch Mobile Money Service in Tanzania: Safaricom, a Kenyan telecommunications company, has announced plans to launch a mobile money service in Tanzania, in partnership with Vodacom Tanzania.
- Ghana's Gold Production Reaches Record High: Ghana's gold production has reached a record high of 4.6 million ounces in 2022, driven by increased investment in the sector, according to the Ghana Chamber of Mines.
Financial News
- Nigeria's Stock Market Rises by 1.3%: Nigeria's stock market has risen by 1.3% in the past week, driven by gains in the banking and consumer goods sectors, according to the Nigerian Stock Exchange (NSE).
- South Africa's Rand Weakens Against the US Dollar: The South African rand has weakened against the US dollar, trading at around 15.50 to the dollar, due to concerns over the country's economic outlook.
- Egypt's Central Bank Cuts Interest Rates: Egypt's Central Bank has cut interest rates by 1% to 9.25%, in an effort to stimulate economic growth and reduce inflation.
These are just a few of the latest news articles from ABNA. If you're interested in staying up-to-date with the latest business and economic news from Africa, I recommend checking out their website or following them on social media.