Zimbabwe says gold-backed currency stable but investor doubts persist
Central bank reports $701 million in reservesParallel market premium highlights currency credibility concernsIMF urges tighter money-growth limits, arrears…
Kenya turns to China for $1.5 billion highway expansion
China’s CRBC, Shandong and Kenya’s NSSF to expand highwayChina changes model of developing Africa infrastructureKenya highway project financing…
Ethiopia begins $12.5 billion construction of ‘Africa’s biggest airport’
BISHOFTU, Ethiopia, Jan 10 (Reuters) – Ethiopian Airlines on Saturday officially started a $12.5 billion construction project for…
South African factory activity slumps further in December, Absa PMI shows
JOHANNESBURG, Jan 8 (Reuters) – South African manufacturing sentiment fell in December to its lowest level for 2025,…
Namibia’s central bank governor to leave post after five years
WINDHOEK, Nov 19 (Reuters) – Namibia’s central bank said on Wednesday that its governor, Johannes !Gawaxab, would leave…
Uganda says it will receive over $2 billion in fresh World Bank funding
KAMPALA, Oct 21 (Reuters) – The World Bank will give Uganda over $2 billion in new financing in…
Risk-on investors turn to Uganda to ‘squeeze the last drop’ out of frontier markets
Uganda attracts record offshore investment into domestic debtDiverse investor base looks to frontiers for yieldHot money raises risk…
Kenya’s cabinet approves creation of infrastructure, sovereign wealth funds
NAIROBI, Dec 15 (Reuters) – Kenya’s cabinet has approved the creation of an infrastructure fund and a sovereign…