CAIRO, May 18 – Fitch Ratings said Egypt’s flexible exchange rate has helped the country manage capital outflows and regional tensions, supporting …
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JOHANNESBERG, May 18 – Absa Group Ltd. is considering joining China’s cross-border payment system as African trade with China continues to expand …
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KIGALI, May 15 – African governments and corporates are increasingly turning to alternative funding structures and non-dollar borrowing as high global interest …
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DAKAR, May 15 – Senegal may be nearing a fresh agreement with the International Monetary Fund after months of strained negotiations over …
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RABAT, May 15 – Morocco plans to inject an additional 20 billion dirhams ($2 billion) into its 2026 budget to shield households …
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ABUJA, May 14 – Nigeria’s Securities and Exchange Commission is deploying a sweeping technology and data-driven reform agenda to reposition the country’s …
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Telecommunications
IHS Towers Trims First-Quarter Spending as Inflation Pressures Slow Expansion Plans
LAGOS, May 14 – IHS Towers Ltd. cut capital expenditure in the first quarter as rising energy costs, inflation and foreign exchange …
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LAGOS, May 14 – Chimoney, the Nigerian-founded cross-border payments startup backed by Techstars, has shut down operations after running out of capital, …
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JOHANNESBERG, May 13 – FirstRand Ltd. has appointed Bank of America Corp. and Rand Merchant Bank (RMB) to advise on the planned …
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ABIDJAN, May 13 – Ivory Coast’s Coffee and Cocoa Council (CCC) will send officials to the country’s centre-east after cocoa farmers staged …