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…
Zimbabwe on track for 6% growth as economy recovers from drought
Item 1 of 3 A woman sells products near a railway line in Marondera, near the capital Harare,…
South African rand gains as gold scales new peak
JOHANNESBURG, Jan 12 (Reuters) – The South African rand gained in early trade on Monday, helped by gold…
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…
Namibia has mobilised funds to redeem $750 million Eurobond, central bank says
WINDHOEK, Oct 15 (Reuters) – Namibia’s central bank governor said on Wednesday that the country has mobilised the…
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 rand steady as investors eye key US data
JOHANNESBURG, Jan 9 (Reuters) – The South African rand was steady in early trade on Friday, as traders…
South African rand dips while investors await manufacturing data
JOHANNESBURG, Jan 8 (Reuters) – The South African rand slipped in early trade on Thursday, tracking most emerging…
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…
South African rand subdued as dollar rebounds, December PMI contracts
JOHANNESBURG, Jan 7 (Reuters) – The South African rand was subdued in early Wednesday trade, pressured by a…
IMF reaches staff level agreement on Ethiopia’s fourth review, unlocks $261 million
Dec 10 (Reuters) – The International Monetary Fund said on Wednesday it had reached a staff-level agreement with…
South African rand gains on softer dollar; traders eye business activity PMI
JOHANNESBURG, Jan 6 (Reuters) – South Africa’s rand strengthened in early trade on Tuesday ahead of the release…