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SA bond yields fall to five-month lows as…

Foreign investors have overlooked pertinent domestic risks and rushed into rand-denominated bonds, prompting the yields on 10-year government bonds to fall to their lowest levels in almost five months on Thursday. Global markets recovered this…

Cash-strapped Cell C to renew deal with Sharks

Cell C, which has defaulted on almost R3bn of debt, said on Wednesday it had renewed its sponsorship agreement with Sharks Rugby. “Our sponsorship over the last six years has proven exceptionally valuable as a…

Minister urges Nigerian states to embrace digital economy

Nigeria’s Minister of Communications and Digital Economy, Dr. Isa Pantami, has urged the 36 states of Nigeria to key into the nation’s policy of national digital economy and strategy designed to fast-track growth.President Muhammadu Buhari…

Buhari unveils giant strides in agric. during meeting…

President Muhammadu Buhari has unveiled progress of his administration and the strides in agriculture, leading almost to self-sufficiency in rice and other grains.He told British Prime Minister Boris Johnson on Monday in London on the…

As Brexit nears, UK’s Johnson pushes for deeper…

The United Kingdom is positioning itself to be the ‘investment partner of choice’ for Africa, holding a summit with leaders of 21 African countries on Monday, days before it leaves the European Union (EU). Britain’s…

AfDB reveals top priority as Adesina visits UK

The African Continental Free Trade Area (ACFTA) will top discussion as Dr Akinwumi Adesina, the President of African Development Bank (AfDB) is expected in London for the milestone investment summit. The bank’s Communication and External…

Nigeria leads 6 nations opposed to change of…

Six West African countries have criticised what the changes of the regional CFA Franc currency to Eco, saying its not in line with what was agreed for the adoption of a single regional currency. Last…

South Africa: ESKOM board chair resigns

The board chair of South Africa’s electricity company Eskom, resigned on Friday after failing to keep his promise to stop the load shedding that is hampering the country’s growth, the South African presidency announced. This…

MTN exits towers businesses in Ghana, Uganda

MTN Group has agreed to sell its towers businesses in Ghana and Uganda as Africa’s biggest mobile phone operator refocuses on high-growth markets on the continent and in the Middle East. Clashes with regulators in…

From CFA franc to Eco: evolution of a…

Changes to the CFA franc used by 14 African states, announced over the weekend by Ivorian president Alassane Ouattara and his French counterpart, Emmanuel Macron, continue to drive debate across the continent. In this article,…

Almost 70 percent of Kenyans will fall short…

A new report released by Standard Chartered Bank now reveals that with a wealth expectancy of 63.6 million shillings($626,421) many Kenyans will fall short of their aspirations.According to the report, by 60 years of age,…

West Africa monetary union to reform CFA franc,…

The West African Economic and Monetary Union has agreed with France to a number of changes to the CFA franc currency, including a new name, Ivory Coast's President Alassane Ouattara said Saturday, as the West…

Ethiopia gets $2.9bn IMF financing package

The Executive Board of IMF approved a three-year $2.9 billion financing package to help Ethiopia implement its homegrown economic reform plan to maintain macroeconomic stability and improve living standards.The financing package, supported by IMF’s Extended…

Zimbabwe: Arcadia Lithium Project re-evaluated

The Zimbabwean Lithium Arcadia project is preparing to play in the big league. According to an updated feasibility study, the mine will have a longer operating life and an annual processing capacity of 2.4 million…