AFRICA NEWS

Highly indebted African countries are facing stark trade-offs between servicing expensive debt, supporting high and growing development needs, and stabilising domestic currencies. Government debt has risen in at least 40 …

The sixth International Day of Education was observed last week. This is a day dedicated to celebrating the profound impact of education as a fundamental human right and a catalyst …

Global technology company, Epson has set up a school donation programme that will see schools in Africa receive printers, projectors, and visualizers. The company has set out on this journey …

The International Monetary Fund (IMF) slashed South Africa’s economic growth outlook for the year by about half. Initial growth estimates sat at 1.8% for 2024, but the Washington-based lender’s revised …

PayPal Holdings will reduce its workforce by about 9% as Chief Executive Officer Alex Chriss, who took over in September, grapples with rising competition, profit pressures and a raft of …

The Johannesburg High Court last week rejected an application for the eviction of illegal occupants in two formerly commercial buildings in Doornfontein, Johannesburg, saying there does not appear to be …

The rand was little changed early on Wednesday, ahead of an interest rate decision by the Federal Reserve. At 0732 GMT, the rand traded at R18.78 against the dollar. The …

China has granted its first development loan under its “project whitelist” mechanism, the country’s official Securities Times reported on Wednesday. The loan worth 330 million yuan ($46 million) to a …

Mozambique is celebrating the approval of a $2 billion port expansion backed by Dubai’s DP World and South Africa’s Grindrod group. The deal involved a 25-year extension of the existing …

The Democratic Republic of the Congo (the “DRC”) is poised for a significant infrastructure boost, securing a $7 billion financing package as part of a renegotiated minerals-for-infrastructure contract with China. …