ADDIS ABABA, July 13 – Ethiopia’s central bank has raised its benchmark interest rate to 16% from 15%, marking the first increase …
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NAIROBI, July 13 – Kenya is considering repurchasing up to $500 million of its outstanding eurobonds as part of a broader strategy …
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PRETORIA, July 13 – Africa’s banking landscape is undergoing a significant transformation as Gulf financial institutions expand across the continent while several …
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Energy
South Africa Proposes Mandatory Fuel Stockpiles to Boost Energy Security Amid Global Supply Risks
JOHANNESBURG, July 13 – South Africa is proposing a major overhaul of its strategic fuel reserve policy that would require both the …
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Tech
Africa Risks Missing AI Boom as Critical Mineral Wealth Fails to Translate Into Economic Growth
KINSHASA, July 13 – Africa’s vast reserves of critical minerals are yet to translate into the economic gains being generated by the …
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CAIRO, July 13 – Egypt’s current account deficit more than doubled to $5.1 billion during the January to March 2026 quarter, highlighting …
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LAGOS, July 13 – Nigeria’s crude oil production rose to an average of 1.56 million barrels per day (bpd) in June 2026, …
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LUANDA, July 11 – Angola’s central bank has added the Chinese yuan to the list of foreign currencies that commercial banks can …
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Economy
China, Namibia Deepen Partnership With New Agreements on Energy, Critical Minerals and Infrastructure
WINDHOEK, July 10 – China and Namibia have signed a series of cooperation agreements aimed at expanding collaboration in energy, critical minerals, …
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Energy
Tanzania’s Richest Man Plans $100 Million Investment in Dangote’s $17 Billion Kenya Oil Refinery
NAIROBI, July 10 – Tanzanian businessman Mohammed Dewji is seeking to invest $100 million in Aliko Dangote’s proposed $17 billion oil refinery …