JOHANNESBURG, Oct 19 – South Africa will open its national payments system to non-bank operators, including telecommunications companies, fintech firms and retailers, …
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LUANDA, Oct 17 – Angola could spend as much as 3.8 trillion kwanzas ($4.16 billion) on fuel subsidies in 2026, nearly double …
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LONDON, Oct 17 – Six multilateral development banks (MDBs) are strengthening cooperation to help mineral-rich developing economies capture more economic value from …
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LAGOS, Oct 16 – The Africa Finance Corporation (AFC) is seeking investment opportunities in iron ore and uranium as the Lagos-based development …
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DAKAR, Oct 16 – Senegal raised 338.2 billion CFA francs ($582 million) through its second bond issuance on the regional debt market …
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Banking & Finance
Ethiopia’s Central bank Joins Pan-African Payments System to Expand Local-Currency Trade
CAIRO, Oct 15 – Ethiopia’s central bank has joined the Pan-African Payment and Settlement System (PAPSS), marking a step toward integrating the …
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Economy
Uganda Projected as Sub-Saharan Africa’s Fastest-Growing Economy in 2027 as Oil Production Nears
KAMPALA, Oct 15 – Uganda is projected to become Sub-Saharan Africa’s fastest-growing economy in 2027, with real gross domestic product (GDP) forecast …
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LAGOS, Oct 14 – Shell Plc has agreed to sell its entire interest in Shell Nigeria Gas (SNG) Group to Nigerian energy …
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Credit Ratings
Moody’s Signals Potential South Africa Credit Rating Upgrade as Fiscal Outlook Improves
JOHANNESBURG, Oct 14 – South Africa is moving closer to a potential credit-rating upgrade from Moody’s Ratings as improvements in public finances …
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LAGOS, Oct 13 – Nigeria’s crude oil production increased to approximately 1.53 million barrels per day (bpd) in September, from 1.50 million …