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

  1. 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).
  2. 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).
  3. 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

  1. 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.
  2. 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.
  3. 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

  1. 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).
  2. 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.
  3. 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.