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Africa News
Zambia central bank hikes rates to 12.5%
Zambia's central bank has raised its benchmark lending rate by 150 basis points to 12.5 per cent, for the fifth…
IMF urges Zimbabwe to expedite currency reforms
The International Monetary Fund (IMF) after the completion of staff mission to Zimbabwe, has urged the country to…
S. Africa’s rand strong ahead of upcoming retail data
S. Africa's rand strengthened early on Wednesday preceding December retail sales data, after falling more than 1…
S. Africa’s KAP mulls $317mln logistics unit sale
KAP Ltd. is reportedly considering selling of its Unitrans business, as part of its plans to lower the company's…
S. African rand steady in early trading
The South African rand remained stable in early trading on Tuesday at 18.90 against the U.S. dollar, compared to…
IMF confident in world economic outlook
The International Monetary Fund’s chief, Kristalina Georgieva, on Monday expressed confidence in the world economic…
Egypt’s EPICO plans to inject EGP 800 mln investments in ’24
Egyptian International Pharmaceutical Industries (EIPICO) plans to invest over 800 million Egyptian pounds in 2024…
Kenya announces $2bln bond-buyback programme
Kenya announces that it would be selling new securities and making an offer to buy back its $2 billion in debt.
Diamond producer De Beers sings 3 new contracts with Angola
Diamond producer De Beers, a division of Anglo America, has inked three new contracts with Angola to support…
Uganda central bank keeps rates at 9.5%
The Bank of Uganda (BoU) leaves its benchmark rate unchanged at 9.5 per cent as inflation remains below its…