Capital Economics

Capital Economics forecasts Nigeria's economy growing at around 5%, while Kenya is expected to face further interest rate increases. The contrasting outlook highlights diverging monetary pressures across Africa's major economies, with Nigeria's expansion outpacing Kenya's as East Africa grapples with inflation and tighter policy.

Syria says it expects more than $1 billion in foreign capital to flow into newly established banks, according to the state news agency SANA. The announcement points to efforts to rebuild the country's banking sector and attract international investment as the economy stabilises. The exact investors and timeline have not been detailed.

Nigeria's largest cable manufacturer is calling for access to cheaper credit from the state, arguing that lower-cost financing would support its operations and expansion in a tough economic environment. The request highlights a broader complaint among Nigerian manufacturers that high borrowing costs and limited access to affordable capital are squeezing industrial businesses.

Sani stated that nutrition is central to human capital development, according to Business News Nigeria. The remark underscores the argument that adequate nutrition underpins health, education outcomes and economic productivity, making it a priority for development policy. No further details about the remarks or the occasion were provided in the available report.