JOHANNESBURG, Feb 4 – Business conditions in South Africa’s private sector showed signs of stabilising in January following a difficult close to …
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JOHANNESBURG, Feb 3 – African governments are facing mounting debt pressures as hard-currency repayment obligations surge in 2026, testing external buffers and …
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ADDIS ABABA, Feb 3 – Ethiopia expects its economy to expand by 10.2% in the 2025–26 fiscal year, Prime Minister Abiy Ahmed …
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CAIRO, Feb 3 – JPMorgan has upgraded African Export-Import Bank (Afreximbank) bonds to “overweight” from “underweight,” arguing that a sharp selloff following …
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ADDIS ABABA, Feb 3 – Gridworks, a British government-owned investor focused on Africa’s electricity networks, has signed agreements to develop and invest …
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Business
South Africa’s Shoprite Expects Up to 10.2% Rise in Half-Year Profit on Strong Sales Growth
JOHHANESBURG, Feb 2 – Shoprite Holdings, South Africa’s largest grocery retailer, expects to report an increase of up to 10.2% in half-year …
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Development Finance
ONE Data and Rockefeller Foundation Launch Development Finance Observatory Backed by $4 Million
WASHINGTON, Jan 30 – ONE Data has announced the launch of the Development Finance Observatory, a new interactive platform designed to improve …
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KAMPALA, Jan 30 – Uganda has lowered its projected economic growth for the financial year starting in July to between 6.5% and …
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JOHANNESBURG, Jan 29 – South Africa’s central bank kept its main lending rate unchanged at 6.75% on Thursday, opting for caution as …
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JOHANNESBURG, Jan 29 – Standard Bank has reached financial close on a $250 million strategic financing facility for Nigerian oil producer Aradel …