LAGOS, Feb 24 – The Central Bank of Nigeria has reduced its benchmark interest rate by 50 basis points to 26.50%, marking …
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Development Finance
African Governments Increasingly Turn to Multilateral Lenders as Debt Risks Persist, S&P Says
JOHANNESBURG, Feb 24 – African governments are expected to deepen their reliance on multilateral lenders and accelerate economic reforms in 2026 as …
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JOHANNESBURG, Feb 24 – Oil prices climbed on Tuesday, approaching their highest levels in nearly seven months, as escalating geopolitical tensions between …
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MAPUTO, Feb 23 – The World Bank is planning to provide Mozambique with up to $6 billion in financing over the next …
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ABUJA, Feb 23 – Terra Industries, a Nigerian defence technology startup specializing in drone systems and proprietary surveillance software, has signed a …
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Business
South Africa’s SPAR Reports Higher Turnover as Promotions and Rising Costs Pressure Margins
JOHANNESBURG, Feb 23 – SPAR Group reported higher wholesale turnover in the first 18 weeks of its financial year, driven by intensified …
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CAIRO, Feb 23 – Egypt’s unemployment rate declined to 6.2 percent in the fourth quarter of 2025, reflecting gradual improvement in labor …
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LAGOS, Feb 23 – Nigeria’s capital market has significantly strengthened its role in the national economy, with total market capitalisation rising to …
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CAIRO, Feb 20 – Mubadala Energy has completed the acquisition of a 15 percent interest in Egypt’s offshore Nargis Concession from Eni, …
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JOHANNESBURG, Feb 20 – Sibanye Stillwater reported a nearly fourfold increase in annual profit for 2025, driven by a strong rally in …