Business
South Africa’s Foreign Direct Investment Outflows Plunge in Third Quarter as Capital Flows Normalize
South Africa recorded a pronounced decline in foreign direct investment outflows in the third quarter of 2025, reflecting shifts in corporate activity and...
Dangote Warns Fuel Imports Are Undermining Nigeria’s Refining Future
Nigeria’s richest man, Aliko Dangote, has intensified his public dispute with regulators, accusing them of allowing the continued importation of cheap fuel in...
Nigerians Among 41 Suspects Arrested in Accra for Unauthorized Forex Activities
Ghanaian authorities have arrested 41 individuals across Accra for allegedly engaging in unauthorized foreign exchange activities, in a move aimed at tightening control...
South African Business Confidence Surges in November Amid Lingering Economic Caution
South Africa’s business confidence saw a notable increase in November, with the South African Chamber of Commerce and Industry’s (SACCI) Business Confidence Index...
South Africa’s Rand Inches Up as Markets Brace for Retail Sales Data and a Key US Federal Reserve Decision
The South African rand made a modest climb in early Wednesday trading, firming to around 17.02 against the United States dollar. Though the...
South African Rand Weakens Ahead of First Central Bank Meeting Under New Inflation Target
The South African rand edged lower in early Thursday trading as markets turned their focus to the South African Reserve Bank’s upcoming interest...
Oil prices slip on rising U.S. crude inventories despite supply concerns from attacks on Russian infrastructure
Oil prices fell on Wednesday as higher-than-expected crude inventories in the United States added to concerns about global oversupply, although declines were limited...
Kenya sets 4.9 percent budget deficit target for 2026/27 amid ongoing debt pressures
Kenya plans to target a budget deficit equivalent to 4.9 percent of gross domestic product in the 2026/27 fiscal year, a senior official...
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Nigeria Evacuates Ebola Patient to Switzerland as Contact Tracing Continues
Nigeria has evacuated its first confirmed Ebola patient in the current outbreak to Switzerland for further treatment, while health authorities continue monitoring people...
South Africa Deploys 510 Soldiers to KwaZulu-Natal Amid Anti-Migrant Protests
South African President Cyril Ramaphosa has authorised the deployment of 510 soldiers to KwaZulu-Natal province to support police operations amid anti-migrant protests and...
