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Africa News
Morocco’s OCP initiates roadshow for international bond
Moroccan phosphate and fertilizer producer OCP has initiated an investor roadshow for an international bond, aiming…
S. Africa’s expected to cut rates – poll
South Africa's central bank is now expected to enact a mere 50 basis points of interest rate cuts this year, a…
S. Africa to use contingency reserves to tackle debt
South Africa plans to use future withdrawals from its Gold and Foreign Exchange Contingency Reserve Account to…
Nigeria, Shell $3.8b methanol project advances
Nigeria has reached an agreement with Shell for the supply of gas to its proposed $3.8 billion Brass methanol…
Egypt urges debt relief to boost Africa’s development
Egypt’s Finance Minister, Dr. Mohamed Maait, stressed the detrimental impact of Africa's financing gap on…
Nigerian measures against inflation impacts naira positively – CBN governor
Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, views the recent surge in the naira positively,…
Ethiopia-Djibouti railway earns $50m in 9 months
The China-built Ethiopia-Djibouti railway has been successful, generating 2.84 billion Ethiopian birrs ($50…
African public health indicators at risk – Egypt’s FinMin urges action
Egypt’s Finance Minister Mohamed Maait has raised concerns about worsening public health indicators across Africa…
S. Africa’s inflation dips to 5.3% in March
South Africa saw a slight dip in headline inflation to 5.3 per cent in March from February's 5.6 per cent,…
Zimbabwe hopes new ZiG currency to stabilise market
The Zimbabwean government introduced a new currency, ZiG, backed by gold reserves and foreign currency to address…