The South African rand strengthened against the U.S. dollar on Wednesday, as market uncertainty shook the greenback due to concerns about U.S. tariffs and the political situation in South Africa. …
Category:
Economy
- Banking, Finance & InvestmentEastern AfricaEconomy
Kenya’s cenbank to lift moratorium on new commercial bank licenses
The Central Bank of Kenya (CBK) has announced that it will lift the moratorium on the licensing of new commercial banks after almost ten years. This decision, set to take …
- DevelopmentEconomyFinance & ServicesInternational RelationsMarketsNAMIBIANigeriaPoliciesPoliticsSenegalSouth AfricaTrade and Commerce
African Markets
African financial markets are currently facing a challenging situation, influenced by both global and local factors. There is growing uncertainty in the global economy, as well as domestic political tensions …
- EconomyMarketsPoliticsSouthern AfricaTrade and Commerce
South Africa’s Rand Falls Slightly as Investors Worry Over Tariffs and Political Tension
South Africa’s currency, the rand, started Thursday morning on the back foot, as global and local uncertainties kept investors cautious. By 6:35am GMT, the rand was trading at 18.8550 against …
- Banking, Finance & InvestmentEconomySouthern Africa
Botswana Keeps Interest Rate at 1.90% Again, Says Inflation Still Under Control
The Central Bank of Botswana has again decided to maintain the country’s main interest rate at 1.90%, marking the fourth time in a row that the rate has stayed unchanged. …
- BusinessEconomyINVESTMENTMarketsPoliticsTrade and Commerce
Trump’s Tariff Policy Stirs Fresh Fears of U.S. Recession as Business Leaders and Economists Warn of Consequences
President Donald Trump’s recent decision to impose fresh tariffs on several imports has sparked serious conversations about the health of the U.S. economy. Many business experts and top economists have …
- EconomyEnergyGOVERNMENTInfrastructurePolicies
Nigeria cuts electricity subsidies by 35% after tariff hike
The Federal Government says it has successfully reduced electricity subsidies by 35% following a new electricity tariff hike that was introduced last year for high-power consumers. Nigeria’s Minister of Power, …
- BusinessBusiness InsightsDevelopmentEconomyInternational Relations
Nigeria signs minerals pact with South Africa in diversification push
Nigeria and South Africa have signed a new agreement to work together in the mining sector. Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, made this announcement on Thursday, …
- AFRICA NEWSEconomyPolicies
South Africa finance minister says dropping VAT hike would have severe consequences
South Africa’s Finance Minister, Enoch Godongwana, has warned that the country’s financial situation may get worse if plans to increase the value-added tax (VAT) rate from May are not allowed …
- AfricaEconomyGOVERNMENTInternational RelationsManufacturingPoliciesTrade and Commerce
Trump slaps tariffs on Africa as he hails ‘Liberation Day’
Former U.S. President Donald Trump has once again stirred global trade waters by introducing heavy new tariffs that affect countries across Africa, as part of what he calls his “Liberation …