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The Bank of Ghana’s Monetary Policy Committee has raised its main interest rate by 50 basis points to 30 per cent at the close of its July meetings stating decisive action is needed to tame inflation which ticked up for two consecutive months.

 Ghana MPC hikes MPR by 50bps to 30%

Oil marketers in Nigeria insist market indicators should determine the price movement of petrol even if it means the price could potentially reach 700 naira per litre. 

Can Nigeria accommodate further petrol price hikes?

Nigeria has created an infrastructure Support Fund for states to aid investment in critical areas of the economy as the country tries to mitigate the impact of petrol subsidy removal.

Nigeria moves to cushion impact of petrol subsidy removal

Cocoa's prices rose to the highest in more than 12 years in New York this week at a high of $3,429 per metric ton only a few weeks after its prices jumped to the highest in 46 years in London. 

Will cocoa prices sustain new highs?

With the introduction of policies like the petrol subsidy removal and naira float in the face of rising inflation, Nigerians are feeling the immediate impact on disposable income and cost of living.

Tackling Nigeria's cost of living challenge

Wheat and corn prices on global commodities markets jumped after Russia pulled out of the Black Sea grain initiative which allowed the export of grain from Ukraine. 

How collapse of Black Sea grain deal impacts commodities

Rhode Luemba, Head of Flow Sales, Global Markets at Standard bank group joins CNBC Africa to discuss this and other developments across Sub-Saharan Africa. 

Ghana's 2nd round of debt swaps

 In a chat with CNBC Africa, the Director General of the Association, Segun Ajayi-Kadir says some of the financial requirements and technical requirements favour foreign firms while excluding local players who have shown capacity to deliver.

Manufacturers caution exclusion in Nigeria’s metering programme

Despite a 14 per cent decline last week, Nigerian Banking stocks on the NGX are up almost 70 per cent year-to-date, sustaining the momentum with a 10 per cent gain so far this quarter. 

Are investors still bullish on banks?

The Nigerian Exchange Group has posted a 10.3 per cent year-on-year increase in its gross earnings at 7.5 billion naira in 2022 with its primary subsidiary NGX witnessing improvements in trading performance backed by listings such as BUA foods. 

Onyema: Efforts to deepen sustainability product offerings underway 

Walid Hareb Al Falahi, CEO of the UAE Trade Center says being a major partner of Botswana in the diamond market is crucial to cementing a tripartite relation with the United States.

U.S-Africa Business Summit: Promoting investment inflow into Africa

Nigeria has redeemed a $500 million Eurobond on its due date of 12th July this year. 

CBWA