South Africa’s financial markets showed signs of renewed strength on Tuesday, as the rand firmed and government bonds rallied, supported by growing investor optimism that the country could be moving …
Economy
- AfricaAFRICA NEWSBusiness and EconomyEconomyMarketsPoliciesSouth Africa
- AfricaAFRICA NEWSBusiness and EconomyEconomyEnergyEnvironmentPoliciesUGANDA
Uganda to Begin Ethanol Fuel Blending in 2025
Uganda’s Ministry of Energy has announced a new fuel policy that will require all petrol sold in the country to be blended with locally produced ethanol starting January 2025, a …
- AfricaBanking, Finance & InvestmentEconomyFinance & ServicesMarketsNigeria
Naira Gains Slightly as FX Market Liquidity Improves
The Nigerian naira appreciated against the US dollar across both official and parallel foreign exchange (FX) markets on Tuesday, July 2, 2025—the first trading day of the new month. This …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusiness and EconomyEconomyEnergyInfrastructureSouth AfricaTransportation & Logisitics
SA Secures $474.6 Million Loan from African Development Bank
South Africa has secured a fresh $474.6 million loan from the African Development Bank (AfDB) to support the country’s ongoing efforts to improve its struggling transport and energy infrastructure. The …
- EconomyFinance & ServicesGOVERNMENTInfrastructureNigeria
National Assembly Extends 2024 Capital Budget to December 2025 Amid Growing Fiscal Concerns
In June 2025, Nigeria’s National Assembly approved another extension of the capital portion of the 2024 national budget, moving its implementation deadline to December 31, 2025. This marks the second …
- AfricaAFRICA NEWSEconomyEnergyInfrastructureSouth Africa
Eskom Warns of 21 Days Black-Out In South Africa
South Africa could be heading into a tough winter as Eskom warns that the country may face up to 21 days of Stage 2 load shedding if the current rate …
- EconomyFinance & ServicesINVESTMENTManufacturing & Consumer GoodsMarkets
BetaGlass, Honeywell, Vitafoam Lead H1 2025 Stock Market
Many investors across Nigeria are smiling this July as the Nigerian Exchange (NGX) recorded a major rally in the first half of 2025, led by strong performance from top consumer …
- AfricaAFRICA NEWSBusiness and EconomyEconomyInternational RelationsManufacturingPoliticsTrade and Commerce
South Africa Seeks More Time to Finalize Trade Deal With U.S.
South Africa is requesting an extension from the United States government to allow more time for ongoing negotiations on a trade deal before a new U.S. tariff regime is set …
- AfricaAFRICA NEWSBusinessBusiness and EconomyEconomyFinance & ServicesManufacturingManufacturing & Consumer GoodsNewsSouth Africa
Signs of Recovery in South Africa’s Manufacturing Sector
There are early signs that South Africa’s struggling manufacturing industry may be beginning to improve, following months of weak performance. According to a new report released on Tuesday, a key …
- AfricaAFRICA NEWSBusiness and EconomyEconomyEnvironmentTrade and CommerceWestern Africa
Gambia’s Fishing Communities Cry Out as Foreign Trawlers and Factories Deplete Waters
Along the beautiful coastline of Gambia, a country known for its rich marine life and fishing tradition, local fishermen are now crying out for help. The sea, which has fed …