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…
Nigeria’s Dangote refinery plans 1.6 mln barrels fuel storage tanks in Namibia, sources say
LAGOS, July 9 – Nigeria’s Dangote petroleum refinery will construct storage tanks in Namibia to hold at least…
Nigeria’s Dangote plans $1 billion investments in Zimbabwe
HARARE, Nov 12 (Reuters) – Nigeria’s Dangote Group will invest at least $1 billion in a pipeline, power…
South African rand steady after Venezuela shock
JOHANNESBURG, Jan 5 (Reuters) – The South African rand was steady in early trade on Monday, as investors…
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…
Zimbabwe’s inflation set to drop amid stable currency and gold boom
HARARE, Nov 3 (Reuters) – Zimbabwe’s annual inflation rate could halve from current levels by the end of…
South African rand makes steady start to 2026 in thin holiday trade
JOHANNESBURG, Jan 2 (Reuters) – The South African rand made a steady start to the new year in…
Zimbabwe sees economic growth slowing to 5% in 2026 amid global headwinds
HARARE, Nov 27 (Reuters) – Zimbabwe expects modest economic growth for 2026 compared with this year due to…
RWE withdraws from $10 billion Namibia green hydrogen project
WINDHOEK, Sept 29 (Reuters) – German power utility RWE (RWEG.DE), opens new tab said on Monday that it…
Namibia cuts 2025 growth forecast due to manufacturing slump
WINDHOEK, Oct 21 (Reuters) – Namibia now expects economic growth of 3.3% this year, down from the 4.5%…