By Radarr Africa Business Desk LAGOS, October 24 (Radarr Africa) – South Africa will reintroduce temporary fuel levy cuts for two months from November, Finance Minister Enoch Godongwana announced on …
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Ghana Set to Overtake Ethiopia as Africa’s Eighth-Largest Economy, IMF Data Shows
By Radarr Africa Business Desk LAGOS, October 24 (Radarr Africa) – Ghana is set to overtake Ethiopia as Africa’s eighth-largest economy in 2026, according to projections in the International Monetary …
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Ramaphosa Urges Preparation for AGOA Exit as South Africa’s China Trade Surges
By Radarr Africa Business Desk LAGOS, October 24 (Radarr Africa) – South African President Cyril Ramaphosa has said the country must prepare for possible exclusion from the African Growth and …
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Gabon Raises $580m Eurobond as Investor Demand Nears $1bn
Gabon has raised $580 million from international investors through an eight-year Eurobond, with demand approaching $1 billion, as the Central African oil producer seeks to meet financing needs and manage …
- AfricaAFRICA NEWSAfrican Affairs
Debt Interest Exceeds Health and Education Spending in 80% of African Countries
Nearly four-fifths of sub-Saharan African countries spend more on public debt interest than on healthcare or education, leaving governments with fewer resources for essential services and infrastructure, according to the …
The African Export-Import Bank (Afreximbank) has called on the Africa Credit Rating Agency (AfCRA) to develop credit assessment standards that reflect the continent’s economic realities, institutional structures and financial markets. …
The African Union has officially launched the Africa Credit Rating Agency (AfCRA) in Mauritius, creating a new Africa-focused institution aimed at improving how the continent’s economies and businesses are assessed …
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Africa’s Currency Recovery Reverses as More Currencies Weaken in September
Africa’s currency recovery lost momentum in September as several major currencies weakened against the US dollar, reversing some of the gains recorded earlier in the year. The renewed pressure came …
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AfCRA Launches as Credibility Emerges as Key Test for Africa’s Rating Revolution
Africa’s long-awaited continental credit rating agency, the African Credit Rating Agency (AfCRA), has officially launched in Port Louis, Mauritius, marking a major step in the continent’s efforts to reshape how …
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US Raises Interest Rate as Nigeria, Ghana and South Africa Prepare for Key MPR Decisions
The United States has raised its benchmark interest rate for the first time since July 2023, adding fresh pressure to monetary policy decisions expected this week in Nigeria, Ghana and …