South African rand dips while investors await manufacturing data
The South African rand slipped in early trade on Thursday, tracking most emerging market assets ahead of the release of a local purchasing managers’ index (PMI) and November production figures for the manufacturing sector.
8 Jan, 2026
French bank BNP Paribas to appeal Sudan atrocities funding verdict
The bank said it would seek to have the verdict dismissed on appeal, arguing the trial applied Swiss law incorrectly.
8 Jan, 2026
Ethiopia’s international bond jumps after draft deal with bondholders
Ethiopia’s sole international bond rose on Monday, Tradeweb data showed, after the government said it had reached a preliminary restructuring deal with its bondholders.
5 Jan, 2026
Gabon’s Nguema sacks finance minister as debt figures mount
Oyima, a prominent banker and businessman, was named finance minister in May, after Nguema won the first presidential election.
2 Jan, 2026
Nigeria’s Tinubu approves $5.3 billion debt write-off for state oil firm NNPC
More Than 20% of Videos Recommended to New YouTube Users Are ‘AI Slop,’ Study Finds
Elon Musk becomes world’s first $700b billionaire after Tesla pay deal restored
Uganda export earnings nearly double on strong coffee, gold sales
Uganda’s state-owned oil firm to borrow $2 billion to build oil refinery
16 Dec, 2025
African Development Bank seeks $25 billion for low-cost lending after US withdraws support
The AfDB opened a donor-pledging conference on Monday for its fund that lends money to low-income countries on favourable terms, seeking to offset a retreat in US support that threatens its $25 billion target.
15 Dec, 2025
Russia Seeks $230 Billion in Damages From Euroclear Over Frozen Assets
Russia’s central bank has launched a landmark legal challenge against Euroclear, demanding nearly $230 billion in compensation over Russian state assets frozen under EU sanctions, escalating the legal and financial dimensions of the Ukraine war.
8 Dec, 2025
Morocco to open two deepwater ports in 2026 and 2028, minister says
Morocco will open a new deepwater Mediterranean port next year and another on the Atlantic in 2028, Equipment and Water Minister Nizar Baraka said on Monday.
4 Dec, 2025
Vodafone to acquire majority control of Kenya’s Safaricom in $1.6bn deal
Safaricom said in a statement that Vodafone Kenya does not intend to launch a takeover offer of Safaricom upon the completion of the acquisition.
3 Dec, 2025
Nigeria tightens cash withdrawal limits to curb money-laundering risk
Nigeria’s central bank announced sweeping changes to its cash management policies on Wednesday, introducing stricter withdrawal limits and scrapping fees on excess deposits.
2 Dec, 2025
Africa nears record $1 trillion in state-owned assets under management
African state-owned institutions are now managing a record $1 trillion in assets, according to a monthly report from sovereign fund tracker GlobalSWF.
28 Nov, 2025
Kenyan shilling to slip as African currencies diverge next week
African currencies are expected to show mixed performance against the US dollar in the coming week, with Kenya’s shilling forecast to weaken, while Uganda’s shilling and Zambia’s kwacha are likely to strengthen.
27 Nov, 2025
Construction of Somalia’s new port in Mogadishu to begin next year
Somalia says it intends to deepen cooperation with Türkiye in the maritime sector.
27 Nov, 2025
German woman jailed for bank robbery in DR Congo
Honorine Porsche admitted to initially taking the money but claimed it was later stolen from her by members of the security forces who raided the bank.
26 Nov, 2025
Senegal’s debt falls by 10% after recalculations
Authorities said the adjustments reflects inclusion of emerging activities such as digital financial services, the oil and gas industry and cashew production.
