LAGOS, July 23 – The Dangote Petroleum Refinery & Petrochemicals FZE has resumed the sale of petroleum products in naira, reversing its …
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Mining
African Rainbow Minerals Approves $927 Million Bokoni Expansion, Restarts Nkomati Nickel Mine
JOHANNESBURG, July 23 – South African mining company African Rainbow Minerals (ARM) has approved a phased R15.2 billion ($927.3 million) expansion of …
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Banking & Finance
South African Lender Absa Nears Deal to Merge Tanzania Banking Operations into Larger Entity
JOHANNESBURG, July 23 – South African lender Absa Group Ltd. is nearing an agreement to consolidate its banking operations in Tanzania as …
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CAIRO, July 23 – Egypt’s parliament has approved four oil and gas exploration and development agreements, advancing the country’s efforts to strengthen …
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LUANDA, July 22 – Banco de Fomento Angola (BFA) plans to become the first Angolan lender to join China’s Cross-Border Interbank Payment …
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LUSAKA, July 22 – Zambia’s local currency bond market could extend its strong performance if President Hakainde Hichilema wins a second term …
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JOHANNESBURG, July 22 – South Africa’s annual inflation accelerated more than expected in June, strengthening market expectations that the South African Reserve …
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NAIROBI, July 22 – Kenya expects its fiscal deficit to narrow to 3.6% of gross domestic product (GDP) in the 2027/28 fiscal …
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CAIRO, July 22 – The African Export-Import Bank (Afreximbank) has approved a US$200 million global revolving dual tranche facility for Shoreline Power …
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HARARE, July 21 – Zimbabwe has expanded its capacity to transport lithium concentrate by rail to Maputo Port in neighbouring Mozambique, marking …