By Radarr Africa Business Desk LAGOS, November 3 (Radarr Africa) – British International Investment (BII), the United Kingdom’s development finance institution, plans to commit about £2.25 billion ($3 billion) over …
Africa Economy
- AfricaAfrica EconomyAFRICA NEWSUncategorized
- AfricaAfrica EconomyAFRICA NEWSUncategorized
Moody’s Calls South Africa’s Budget Update ‘Credit Positive’ but Flags High Debt Costs
By Radarr Africa Business Desk LAGOS, November 2 (Radarr Africa) – Moody’s Ratings has described South Africa’s Medium-Term Budget Policy Statement (MTBPS) as credit positive because fiscal consolidation is progressing …
- AfricaAfrica EconomyAFRICA NEWS
Wall Street Braces for Midterms, Apple Earnings and Jobs Data After $5trn AI Selloff
By Radarr Africa Business Desk LAGOS, November 2 (Radarr Africa) – US stock futures rose on Sunday evening as Wall Street prepared for a heavy week of earnings, midterm elections …
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Moody’s Cuts Senegal to Ca, Its Fifth Straight Downgrade, and Now Expects 35% to 65% Losses for Foreign Creditors
By Radarr Africa Business Desk LAGOS, November 2 (Radarr Africa) – Moody’s has downgraded Senegal’s foreign-currency sovereign rating from Caa2 to Ca, its fifth consecutive cut, and now expects losses …
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Kenya’s Inflation Rises to 7.3% in October, Nearing Central Bank’s 7.5% Ceiling as Fuel and Food Costs Climb
By Radarr Africa Business Desk LAGOS, November 2 (Radarr Africa) – Kenya’s annual inflation rate rose to 7.3 per cent in October from 6.8 per cent in September, moving close …
- AfricaAfrica EconomyAFRICA NEWSAfrican Economy
Ruto Puts Kitui Cement Plant at Sh70bn, Says It Will Create 4,000 Jobs
By Radarr Africa Business Desk LAGOS, October 31 (Radarr Africa) – Kenyan President William Ruto has put the value of a new cement plant being built in Kitui County at …
- AfricaAfrica EconomyAFRICA NEWSUncategorized
Harmony Gold Posts Record R27.24bn Earnings and Pays Biggest Dividend as It Builds Copper Arm
By Radarr Africa Business Desk LAGOS, October 31 (Radarr Africa) – South African miner Harmony Gold reported an 87% rise in headline earnings to R27.24 billion ($1.61 billion) for the …
Egypt’s central bank has increased its benchmark interest rates by 100 basis points as the country’s currency continues to weaken against the US dollar, marking its first rate hike since …
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Rosatom Pitches Floating Nuclear Plants to African Coastal States at Russia-Africa Summit
By Radarr Africa Business Desk LAGOS, October 29 (Radarr Africa) – Russia’s state nuclear corporation Rosatom has said it could supply floating nuclear power plants to coastal African countries and …
- AfricaAfrica EconomyAFRICA NEWSCameroon Economy
Cameroon Weighs Up to $2.5bn Eurobond for 2027 After Fitch Downgrade
By Radarr Africa Business Desk LAGOS, October 29 (Radarr Africa) – Cameroon could issue up to $2.5 billion in international bonds in 2027, a senior finance ministry official told Reuters, …