Standard Bank Issues Africa’s First FLAC Bonds, Raises 2 Billion Rand to Reinforce Crisis Protection
JOHANNESBURG, Feb 19 – Standard Bank Group has raised 2 billion rand ($123.76 million) through…
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Congo Signs Deal to Market Copper From Glencore Mine
KINSHASA, Feb 19 - The Democratic Republic of Congo has signed a deal allowing its state mining company, Gecamines, to…
Turkey, Ethiopia Sign Energy and Economic Cooperation Agreements
ANKARA, Feb 18 - Turkey and Ethiopia signed multiple agreements on energy, trade and technical cooperation in Addis Ababa on…
Liberia’s Iron Ore Output Set to Triple Amid ArcelorMittal Expansion
CAPE-TOWN, Feb 17 - Liberia expects iron ore production to reach 30 million metric tons in 2026, up from around…
Dangote Secures $400 Million Machinery Deal to Accelerate Refinery Expansion
LAGOS, Feb 17 - Nigeria’s Dangote Group has signed a $400 million equipment agreement with China’s Xuzhou Construction Machinery Group…
Zambia Lifts Suspension on Mopani’s Mufulira Mine Operations
LUSAKA, Feb 17 - Zambia’s Minerals Regulation Commission said on Monday that it has lifted the suspension on underground operations…
Nigeria Telecom FDI Rises to $392.92 Million in Nine Months as Q3 Inflows Surge
LAGOS, Feb 17 - Foreign direct investment into Nigeria’s telecommunications sector rose to $392.92 million between January and September 2025,…
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Rwanda Central Bank Raises Policy Rate to 7.25% as Inflation Exceeds Target Range
KIGALI, Feb 19 – National Bank of Rwanda has raised its benchmark lending rate by…
Ivory Coast Weighs Cocoa Price Cut to Match Ghana Amid Market Slump
ABIDJAN, Feb 19 – Ivory Coast is considering a reduction in the price it pays…
Congo Signs Deal to Market Copper From Glencore Mine
KINSHASA, Feb 19 – The Democratic Republic of Congo has signed a deal allowing its…
IMF Approves $91 Million in Funding for Niger After Programme Review
JOHANNESBURG, Feb 19 – The International Monetary Fund has approved $91 million in funding for…
Nigeria Mandates Direct Remittance of Oil and Gas Revenues to Federation Account
ABUJA, Feb 19 – Nigeria has enacted a major fiscal reform requiring all government-related oil…
Kenya Launches $500 Million Debt Buyback and Issues New Eurobonds to Ease Financing Pressure
NAIROBI, Feb 18 – Kenya has launched a $500 million debt buyback programme alongside plans…
South Africa Business Confidence Index Falls to 131.4 but Remains at Strong Levels
JOHANNESBURG, Feb 17 – South Africa’s business confidence declined modestly in January, though overall sentiment…
Ghana Pays $909 Million DDEP Interest as Debt Restructuring Shows Fiscal Progress
ACCRA, Feb 11 – Ghana has paid 10 billion cedis, equivalent to approximately $909 million,…
Senegal Expects to Meet $480 Million March Eurobond Payment on Time
DAKAR, Feb 18 – Senegal expects to make more than $480 million in Eurobond payments…