Bloomberg
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Kenya staggers $1.5-billion UAE loan on IMF funding concerns
22nd November 2024 Kenya plans to draw down on a $1.5-billion loan agreed with Abu Dhabi in tranches to remain within borrowing thresholds set in an International... →
South Africa’s cagey central bank to cut rates sparingly in 2025
22nd November 2024 South African Reserve Bank Governor Lesetja Kganyago’s repeated emphasis of uncertainty is expected to translate, at most, into only a handful of... →
ICC issues arrest warrant for Israel’s Netanyahu on war conduct
21st November 2024 The International Criminal Court judges on Thursday issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Hamas military chief... →
Zimbabwe power tariff hike sparks 3 000 MW of energy investments
20th November 2024 Zimbabwe’s decision to adopt tariffs that reflect costs has sparked a wave of investments in the energy sector that will help ease its power... →
Namibia aims to raise $450m to boost power generation
20th November 2024 Namibia’s state-owned electricity utility plans to raise $450-million by selling bonds in the country and raising development bank loans to help... →
Treasury to suspend municipal funds over water debt
20th November 2024 South Africa’s Treasury plans to withhold funds from five municipalities next month over their unpaid water bills, part of an effort to compel... →
Zambia, Zimbabwe face wake-up call after Kariba dam water levels plunge, Minister says
19th November 2024 A plunge in water levels at the world’s largest man-made reservoir, which has left Zambia and Zimbabwe without power for hours, shows why they need... →
Africa Central Banks seen cutting while they can after Trump win
19th November 2024 Most African central banks weighing interest rates over the next three weeks are set to lower them, wary that the window to ease further may narrow... →
US Ambassador to South Africa Brigety says he will resign
18th November 2024 Reuben Brigety, the US ambassador to South Africa, said he will resign effective January 10 in line with procedure after Donald Trump's election... →
South Africa says China could assume climate lead if US exits
15th November 2024 China has an opportunity to lead the global fight against climate change with the US set to tamp down its commitments following the election of... →
South Africa partially reopens Mozambique border after unrest
14th November 2024 South Africa started allowing some movement at its main border with Mozambique on Thursday morning, after protests prompted a suspension the day... →
South Africa declares national disaster after floods, storms
13th November 2024 South Africa declared a national disaster after floods and storms caused widespread damage in the country, allowing the government to free up funds... →
Mozambique ports at risk as opposition chief urges more protests
12th November 2024 Mozambican opposition leader Venâncio Mondlane called for fresh protests against the results of last month’s election and encouraged supporters to... →
South Africa markets eurobonds after coalition lifts confidence
12th November 2024 South Africa is marketing eurobonds in its first potential international debt sale under a government of national unity following May elections.... →
Calm returns to Mozambique capital after deadly day of protests
8th November 2024 Calm returned to Mozambique’s capital on Friday after police used deadly violence to break up a wave of post-election protests that shook Maputo... →
AFD sees others adding to $432m South Africa climate loan
8th November 2024 The head of France’s state development bank expects other development finance institutions to add to a €400-million ($432-million) climate loan for... →
South Africa is working on unique digital identity, instant visa
6th November 2024 South Africa plans to create unique identities for its citizens and issue instant visas as it digitizes its economy. The South African Revenue... →
South Africa on the clock as rand volatility soars post-budget
5th November 2024 Investors are giving South Africa’s coalition government some leeway to get its finances in order, but the rising cost of hedging against rand... →
Fuel price to rise for first time in six months
4th November 2024 South African fuel prices will increase for the first time in six months as rising international oil prices offset the impact of a stronger rand.... →
Goldman more upbeat on South Africa than its Finance Minister
4th November 2024 Goldman Sachs believes South Africa is unlikely to suffer the large revenue shortfall projected by its finance minister and that the nation’s path... →
South African oil group seeks to amend new law to woo investors
4th November 2024 Some oil explorers are “not satisfied” with South Africa’s long-awaited rules for the industry that were signed into law last month by President... →
South Africa’s Central Bank unlikely to get lower CPI goal soon
31st October 2024 South Africa is unlikely to have a new inflation target by February’s budget, Finance Minister Enoch Godongwana said. “I don’t want to mislead you... →
Zimbabwe’s ruling party passes resolution to have gold-backed ZiG adopted as sole currency
29th October 2024 Zimbabwe’s ruling party passed a resolution to adopt the bullion-backed ZiG currency as the country’s sole legal tender and phase out the use of US... →
South African budget eyed by investors for further reform steps
29th October 2024 The new South African coalition government’s resolve to control debt and expedite reforms to fire up the lackluster economy will be put to the test... →
Ratings bias costs Africa billions of dollars, Standard CEO says
28th October 2024 African countries face higher costs of financing because of inflated risk perceptions from credit-ratings companies, the head of the continent’s... →
Morgan Stanley sees fiscal gains easing South Africa junk rating
28th October 2024 South Africa’s improving economic prospects after years of lackluster growth will result in better fiscal metrics and may soon lead to an upgrade... →
South Africa in talks with energy partners on loan guarantees
25th October 2024 South Africa is in talks with its international climate-finance partners over the provision of guarantees for loans for the construction of... →
UN says world is now on course for warming of up to 3.1 °C
25th October 2024 A chronic lack of ambition and climate action by countries across the world over the past three years means the goal to keep global warming below... →
Kganyago says South Africa’s inflation target should be lower
24th October 2024 South African Reserve Bank Governor Lesetja Kganyago said the nation’s inflation target was overdue for review and it should be adjusted lower.... →
African markets expand at fastest pace since 2017, Absa finds
24th October 2024 Africa’s financial markets are expanding at the fastest pace in seven years, as the continent benefits from a recovery in economic growth and... →
Modi says Brics must avoid being an anti-west group as it grows
24th October 2024 India’s Prime Minister Narendra Modi said Brics shouldn’t project itself as an alternative to global organisations, even as founding members like... →
‘Rogue’ ANC members imperil South Africa alliance – Schreiber
23rd October 2024 South Africa’s business-friendly ruling coalition risks being disrupted by political infighting in the country’s economic heartland, said a cabinet... →
Putin says Brics summit shows a ‘multipolar world’ is emerging
23rd October 2024 Russian President Vladimir Putin said the newly expanded Brics group showed that a “multipolar world” is being created, in a challenge to the... →
South Africa inflation seen edging below 4% fuels rate cut bets
23rd October 2024 South Africa’s inflation rate is expected to fall below 4% for the first time in more than three years in September, sealing the case for borrowing... →
Taiwan rejects South Africa's demand to move office from Pretoria
22nd October 2024 Taiwan said it will not move its representative office from Pretoria, South Africa’s administrative capital, after accusing Beijing of pressuring... →
South Africa is still tapping oil stockpile to fund fuel subsidy
22nd October 2024 South Africa is still selling oil from strategic stockpiles to fund measures introduced two years ago to cushion consumers from a spike in road... →
Russia hosts Brics leaders, signalling Putin is far from isolated
22nd October 2024 Russian President Vladimir Putin will play host to Russia’s biggest gathering of world leaders since the invasion of Ukraine and use the Brics... →
JPMorgan expects South Africa IPO surge on economic optimism
21st October 2024 South Africa is poised for a surge in initial public offerings and fund-raising activity as soon as next year, spurred by optimism that the... →
Biggest companies to help resolve South African water crisis
18th October 2024 South Africa’s biggest companies are exploring widening a partnership with the government to help resolve a water crisis that’s threatening to... →
Taiwan says China urged South Africa to order key office moved
18th October 2024 South Africa has told Taiwan to move its de facto embassy out of its administrative capital at the urging of China, according to a Foreign Ministry... →
South Africa, Namibia in talks to resolve discord over key river
16th October 2024 South Africa and Namibia held talks aimed at resolving a long-running disagreement over rights to the Orange river, a key water source that... →
