JOHANNESBURG, April 1 – Coca-Cola and its bottling partners in South Africa have announced plans to invest 17.6 billion rand ($1 billion) …
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ADDIS ABABA, Apr 1 – National Bank of Ethiopia has retained its benchmark interest rate at 15%, signaling a continued commitment to …
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CAIRO, Mar 31 – The African Export-Import Bank (Afreximbank) has underwritten $2.5 billion of a $4 billion senior syndicated term loan for …
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NAIROBI, Mar 31 – Kenya’s annual inflation rate edged up slightly to 4.4% in March, from 4.3% recorded in February, according to …
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Banking & Finance
African Banks Outpace Global Peers on Returns as Revenues Top $100 billion, McKinsey says
JOHANNESBURG, Mar 31 – African banks have surpassed the $100 billion revenue mark for the first time, with profitability significantly outperforming global …
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CASABLANCA, Mar 31 – Tanger Med Port, Africa’s largest container port, is preparing for a potential surge in vessel traffic as global …
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JOHANNESBURG, Mar 31 – South African financial services group, FirstRand Ltd. has announced a major leadership reshuffle and structural overhaul as it …
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ADDIS-ABABA, Mar 30 – The African Development Bank has warned that the economic impact of the Middle East conflict on Africa could …
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CAIRO, Mar 30 – Egypt and Cyprus have signed a framework agreement to expand cooperation in the gas sector, marking another step …
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TRIPOLI, Mar 30 – Libya’s largest oilfield, Sharara, is expected to resume normal production within 48 hours, according to engineers working at …