S&P revises Congo’s outlook to ‘positive’ as reforms, mining strength boost economy
Jan 23 – Global credit ratings agency S&P on Friday revised the Democratic Republic of Congo’s outlook to…
China’s Africa lending nearly halved in 2024, shifts to yuan
Six African projects funded in 2024, including in Kenya and Egypt Yuan loans replace dollar in China’s Africa…
Gates and OpenAI team up for AI health push in African countries
LONDON, Jan 21 (Reuters) – The Gates Foundation and OpenAI are setting up a $50 million partnership to…
Libya devalues dinar by 14.7%, second cut in less than a year
Jan 18 (Reuters) – Libya’s central bank announced a 14.7% devaluation of the dinar on Sunday, setting the…
Senegal raises $254 mln in regional debt auction as yields climb
DAKAR, Jan 16 (Reuters) – Senegal raised 154 billion CFA francs ($254 million) in a regional debt auction…
Nigeria grants satellite permits to BeetleSat, Satelio and Amazon’s Kuiper
ABUJA, Jan 16 (Reuters) – Nigeria has issued seven-year satellite permits to Amazon’s (AMZN.O), opens new tab Kuiper…
Birth of rare mountain gorilla twins recorded in Congo park
Jan 7 (Reuters) – A mountain gorilla has given birth to twins in war-ravaged eastern Congo, a national…
Zambia drops plan to extend IMF loan programme
JOHANNESBURG, Jan 7 (Reuters) – Zambia has ditched plans to extend its International Monetary Fund loan programme before…
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…