Today, as Africa observes the International Day of the African Child under the theme “Planning and Budgeting for Children’s Rights”, Tanzania has seized the moment to reaffirm its strong commitment …
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Southern Palladium Raises R100m to Boost Bengwenyama Platinum Project
Shares in Australian junior mining company Southern Palladium experienced a significant increase of 33% on Thursday, following the announcement that the company had successfully raised approximately R100 million (A$8 million) …
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Zimbabwe to Ban Export of Lithium Concentrate by 2027
HARARE, ZIMBABWE – The government of Zimbabwe has announced that it will stop all exports of lithium concentrate starting January 2027. This is part of its broader plan to boost …
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Afreximbank Facilitates $32 Billion in Ethiopian Trade Payments in 2024
The African Export-Import Bank (Afreximbank) has announced it facilitated a record USD 32 billion in international trade payments for Ethiopian businesses in 2024, through its AfPAY Trade Payment Services platform. …
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Kenya’s KCB Group Set to Become First Foreign Bank to Enter Ethiopian Market
Kenya Commercial Bank (KCB) Group Limited is poised to become the first foreign banking institution to enter the Ethiopian financial services sector, following the country’s recent banking liberalisation reforms. Sources …
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South African Business Confidence Improves Slightly in May Amid Strong Rand and Commodity Rally
Business confidence in South Africa picked up modestly in May, rebounding from a sharp decline in April, according to data released by the South African Chamber of Commerce and Industry …
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Algeria Moves to Boost Exports to Libya, Targets $3 Billion in Annual Trade.
The Algerian government has taken fresh steps to strengthen its economic presence in Libya, holding a high-level meeting with local banks and export companies to tackle the challenges facing exporters …
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EU Removes UAE From Money Laundering Watchlist, Adds Algeria, Lebanon, Others.
The European Union (EU) has officially removed the United Arab Emirates (UAE) from its list of high-risk countries for money laundering and terrorist financing. The announcement, made on Tuesday, brings …
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Non-interest financial institution TAJBank has signed the completion agreement for the second tranche of its N100 billion Mudarabah Sukuk bond programme, valued at N20 billion. The agreement was formally concluded …
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Africa to Launch Own Credit Rating Agency to Boost Financial Sovereignty
Africa is set to establish its own credit rating agency, the African Credit Rating Agency (AfCRA), as part of a bold move to challenge the dominance of global rating giants …