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Africa News
Africa’s high debt service stalls 2030 agenda progress – UN
Africa is grappling with multiple crises, including a 183 per cent debt increase since 2010, quadruple the region’s…
OPEC+ expresses excitement over Namibia partnership
The Organization of the Petroleum Exporting Countries (OPEC+) expressed excitement about the prospect of Namibia…
World Bank pauses $150m funding for Tanzanian tourism project
The World Bank halted $150 million funding for a Tanzanian tourism project, responding to long-standing appeals…
Zimbabwe’s ZiG shfit quashes more than 330% ZSE surge in ’24
Zimbabwe's recent currency shift has quashed a more than 330 per cent surge in the Zimbabwe Stock Exchange (ZSE)…
Angola aims to re-enter international bond markets in ’24
Angola aims to re-enter the international bond markets this year with a $1 billion bond, Finance Minister Vera…
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…
