Africa
LATEST NEWS FROM AFRICA
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AFRICA-FX-Several major currencies expected to fall
The currencies of Ghana, Nigeria and Uganda are expected to fall against the dollar in the next week to Thursday, while those of Kenya and Zambia should be broadly stable, traders...
Africa
International Criminal Court drops case against Darfur militia leader
Judges at the International Criminal Court terminated proceedings against the former leader of an armed group in Darfur on Thursday after prosecutors withdrew the charges against...
Africa
African Rainbow Minerals approves Bokoni platinum project, nickel mine restart
African Rainbow Minerals (ARM) said on Thursday its board has approved a phased 15.2 billion rand ($927.28 million) upgrade of its Bokoni platinum group metal operations as well a...
Africa
Airtel Africa dials up London for mobile money IPO
Airtel Africa said on Thursday it had picked the London Stock Exchange for the listing of its mobile money business due later this year.
Africa
South African rand steady ahead of key central bank decision
The South African rand was little changed in early trading on Thursday as investors awaited the South African Reserve Bank's closely watched interest rate decision later in the d...
Africa
African banks bet on debt guarantees to lure private capital to infrastructure projects
With aid budgets shrinking and development finance under pressure, African governments and development banks are increasingly turning to debt guarantees to attract private capital...
Africa
Trump praises Nigeria's efforts against violence towards Christians
President Donald Trump praised Nigerian President Bola Tinubu for his actions against violence, according to a letter released by Nigeria's presidency on Wednesday, in contrast t...
Africa
Ghanaian nationals ask ICC to probe xenophobic violence in South Africa
Two Ghanaian nationals have petitioned the International Criminal Court to open a preliminary investigation into attacks against foreign nationals in South Africa, which they said...
Africa
Germany vows support for Nigeria on security, seeks expanded economic ties
German Foreign Minister Johann Wadephul reaffirmed Berlin's commitment on Wednesday to supporting Nigeria on security as it battles militant groups, and said violence in the Sahel...
Africa
South African rand holds steady as inflation surprise sharpens focus on rate decision
The South African rand was steady on Wednesday after consumer inflation came in hotter than expected, while investors looked ahead to the central bank's interest rate decision.
Africa
Cameroon's ruling party meets as Biya's long absence draws criticism
Cameroon's ruling party called a rare meeting of senior leaders on Wednesday as criticism mounted over the continued absence of President Paul Biya, 93, who has spent the last 45 ...
Africa
Congo presses ahead with local ownership rule for miners despite industry concerns
Democratic Republic of Congo will begin enforcing a long-delayed requirement for mining companies to offer local ownership stakes from July 31, the mines ministry said, despite co...
Africa
Morocco urges investigation after arrested national dies in Bologna
Morocco's foreign ministry said it was concerned by the death of a national during a police arrest in Bologna in Italy and urged a "thorough investigation".
Africa
South Africa inflation surge sets stage for another rate hike
South African inflation picked up more sharply than expected in June, bolstering expectations that the central bank will deliver a second consecutive interest rate hike on Thursd...
Africa
Kenyan budget deficit seen narrowing in 2027/28, finance ministry official says
Kenya forecasts a budget deficit of 3.6% of gross domestic product in its July 2027 to June 2028 fiscal budget, Finance Ministry Principal Secretary Chris Kiptoo said on Wednes...
Africa
South Africa's Pepkor to join fintech unit with Shop2Shop, eyes future listing
South African retailer Pepkor Holdings said on Wednesday it will combine its fintech subsidiary Flash with payments platform Shop2Shop, creating a merchant commerce and financial...
Africa
South African rand steady as investors brace for inflation data
The South African rand was steady in early trade on Wednesday as investors awaited data that is likely to show consumer inflation accelerated further in June, driven mainly by hi...
Africa
Yen slides past 163, raising intervention alert
The yen was pinned near an almost four-decade low on Wednesday as rising oil prices and U.S. Treasury yields hoisted the dollar and left traders on edge about possible Japanese in...
Africa