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Africa News
Sudan’s inflation soars to 136.67% in H1-24
Sudan’s inflation rate has skyrocketed to 136.67 per cent in the first half of 2024, according to the Central…
TotalEnergies exits South Africa blocks
TotalEnergies will withdraw from Block 11B/12B off the southern coast of South Africa, following its partner CNRI's…
National Bank of Ethiopia lifts FX restrictions
The National Bank of Ethiopia lifted restrictions on the foreign currency market on Monday, a crucial move to…
URGENT: EGX launches AFRICARBONX
The Egyptian Exchange (EGX) has launched the African Voluntary Carbon Market (AFRICARBONX), to trade Carbon…
China’s Shenghe to acquire 50% in Tanzanian project
Chinese miner Shenghe Resources will acquire a 50 stakes stake in a UK-based firm holding 84% of the Ngualla rare…
South Africa inflation slows in June
South Africa’s consumer inflation dipped slightly in June, offering a glimmer of hope after months of rising…
IMF: Central African Republic progress on reforms, but fuel supply woes linger
The International Monetary Fund (IMF) has assessed the economic situation in the Central African Republic (CAR) and…
S.Africa’s rand extends losses with new inflation data on deck
South Africa’s rand extended its losses on Wednesday morning as investors awaited key inflation data, expected to…
Kenya seeks IMF approval for economic plan
Kenya has submitted an economic repair plan to the International Monetary Fund (IMF), with the IMF board expected…
Egypt’s growth outlook cut to 4% – poll
Egypt's economic growth is expected to be lower than earlier anticipated this year, as per a Reuters poll released…
