South Africa eases ownership rules, opening door for Starlink and other foreign operators
JOHANNESBURG, Dec 12 (Reuters) – South Africa will amend rules on local Black ownership requirements after a directive…
Nigeria’s Dangote Refinery says it can deliver 1.5 billion litres of petrol in December
LAGOS, Dec 1 (Reuters) – Nigeria’s Dangote Refinery said on Monday it is able to deliver 1.5 billion…
Africa nears record $1 trillion in state-owned assets under management
LONDON, Dec 1 (Reuters) – African state-owned institutions are now managing a record $1 trillion in assets, according…
South Africa’s Eskom sees annual profit matching last year’s after strong first half
JOHANNESBURG, Nov 28 (Reuters) – South African state power utility Eskom said on Friday that it expected this…
Kenya Wildlife Service rejects wildebeest migration concerns linked to luxury lodge
Item 1 of 2 Wildebeests (Connochaetes taurinus) gather in the dry fields during their migration to the greener…
Elephant dung DNA reveals hidden forest populations, study shows
African forest elephant population revised up 16% Fruit-eating species helps rainforests regenerate Scientists employ new counting method using…
Nigeria’s central bank holds key rate, wants inflation to fall further
Monetary Policy Rate stays at 27% Economists had predicted another rate cut Analysts say lower deposit rate signals…
World Bank lifts Kenya’s growth forecast on construction sector optimism
NAIROBI, Nov 24 (Reuters) – The World Bank lifted Kenya’s economic growth forecast for this year to almost…
Zambian government welcomes ratings upgrade that sees country exit default status
LUSAKA, Nov 23 (Reuters) – Zambia’s finance minister on Sunday welcomed a milestone upgrade from S&P Global ratings…
UAE announces $1 billion initiative to expand AI in Africa
JOHANNESBURG, Nov 22 (Reuters) – The United Arab Emirates said on Saturday it will invest $1 billion to…
Senegal will pay debts, committed to IMF talks, says finance ministry
Debt concerns rise in sub-Saharan Africa Political tensions could complicate Senegal’s IMF negotiations Senegal’s debt-to-GDP ratio surpasses 130%…
S&P upgrades South Africa for first time in nearly 20 years as reforms gain traction
Nov 14 (Reuters) – South Africa on Friday secured its first credit rating upgrade in nearly 20 years…