JOHANNESBURG, Feb 20 – Sibanye Stillwater reported a nearly fourfold increase in annual profit for 2025, driven by a strong rally in …
Emmanuel Ebube
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Finance
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 the continent’s first issuance of financial loss-absorbing …
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KIGALI, Feb 19 – National Bank of Rwanda has raised its benchmark lending rate by 50 basis points to 7.25%, tightening monetary …
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JOHANNESBURG, Feb 19 – The International Monetary Fund has approved $91 million in funding for Niger following the successful completion of programme …
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ABUJA, Feb 19 – Nigeria has enacted a major fiscal reform requiring all government-related oil and gas revenues to be paid directly …
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Markets
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 to issue new longer-term dollar bonds, as …
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JOHANNESBURG, Feb 17 – South Africa’s business confidence declined modestly in January, though overall sentiment remains elevated following a strong rebound in …
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ACCRA, Feb 11 – Ghana has paid 10 billion cedis, equivalent to approximately $909 million, in interest obligations under its Domestic Debt …
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MAPUTO, Feb 18 – The International Monetary Fund has called on Mozambique to implement stronger fiscal consolidation measures as rising debt obligations …
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JOHANNESBURG, Feb 17 – MTN Group has agreed to acquire full ownership of IHS Holding Limited in a transaction valuing the telecom …