South Africa proposes changes that could allow Musk’s Starlink entry

Communications Minister Solly Malatsi has proposed the recognition of so-called “equity equivalent” investment programmes in the information and communication technology sector.
23 May, 2025
Egypt cuts interest rates for second time in two months

Egypt’s central bank has cut interest rates for the second time since April as inflationary pressures have eased in the North African country.
22 May, 2025
South Africa presents revised budget

South Africa’s finance minister has presented a third version of the 2025 budget after being forced to backtrack on a proposed increase in value-added tax.
21 May, 2025
Egypt’s central bank widely expected to cut rates

Egypt’s central bank is expected to lower overnight interest rates by a median of 175 basis points on Thursday.
19 May, 2025

Mali judge expected to order reopening of Barrick mine under new management

African countries with most IMF debt

South African rare blue diamond fetches $21.5m at auction

Sierra Leone’s largest diamond miner shuts down, laying off more than 1,000 workers

Rebels in DR Congo order gold miner to halt operations in tax dispute
8 May, 2025
Moody’s says tariffs may hit African banks through China slowdown
Banks in Sub-Saharan Africa will not be directly impacted by US import tariffs, but “second round effects” could still bite, credit rating agency Moody’s has said.

7 May, 2025
Kenya’s finance minister says no new taxes in new financial year
Kenya’s government will not impose new taxes or increase existing ones in this year’s budget proposals, the country’s finance minister has said.

7 May, 2025
Mass culling of chicken after South African firm abandons farm over feeds bills
More than 350,000 chicken euthanised by hand after they were left starving and cannibalizing each other

6 May, 2025
South Africa’s new employment racial quotas law faces court challenge
The Employment Equity Amendment Act allows the labour minister to set targets for the number of non-white people and women who should be in management-level. The Democratic Alliance party says it will discourage investors.

6 May, 2025
IMF to begin 5th review of Egypt’s economic programme this week
The IMF will begin the fifth review of Egypt’s $8 billion economic reform programme, with a team scheduled to arrive in Cairo this week.

6 May, 2025
South Africa’s Eskom aims for no power cuts for next four months
State utility Eskom says it is optimistic about South Africa’s power outlook, aiming for no electricity cuts in the next four months if breakdowns stay around current levels.

5 May, 2025
Trump hints at extending TikTok sell deadline
The US President says in interview that he would like to see deal done.

3 May, 2025
Somalia–Türkiye hydrocarbon deal a boost to tapping vast resources – minister
Somalia’s petroleum minister says he is optimistic the hydrocarbon partnership will confirm commercially viable reserves in the African country.

3 May, 2025
Musk’s Starlink given green light in DR Congo after earlier ban
The regulatory authority said Starlink’s operation will begin in the coming days, reversing a previous ban after military officials warned it could be used by rebel groups.

1 May, 2025
Innovation takes flight: TEKNOFEST TRNC 2025 lifts off in Turkish Republic of Northern Cyprus
The four-day event takes place at the old Ercan Airport in the capital Lefkosa, under the auspices of the TRNC Presidency, and features a packed schedule of competitions, air shows, exhibitions, and workshops.




