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Malawi Unveils Sweeping Reforms to Stabilise Sugar Industry and Empower Local Distributors

Malawi Unveils Sweeping Reforms to Stabilise Sugar Industry and Empower Local Distributors

(3 Minutes Read) In a decisive move to combat recurring sugar shortages and price instability, the Malawian government has unveiled an ambitious reform plan aimed...
The USD 500 million contribution marks the largest single replenishment of the NTF in over a decade, reaffirming Nigeria’s pledge to pan-African development cooperation and regional economic transformation.

Nigeria Commits USD500 Million to AfDB

(3 Minutes Read) The USD 500 million contribution marks the largest single replenishment of the NTF in over a decade, reaffirming Nigeria’s pledge to pan-African...
Trump Pitches for Lowering Interest Rates

Trump Pitches for Lowering Interest Rates

(3 Minutes Read) Several administration officials attended the meeting, including Vice President JD Vance, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and National Economic...

SA’s Stock Market Outperforms Peers in Emerging Economies

(3 Minutes Read) The FTSE/JSE Africa All Share Index is up more than 7% in dollar terms in May, on track for its biggest monthly...
Morocco’s Fashion Show in Casablanca Showcases Sustainability

Morocco’s Fashion Show in Casablanca Showcases Sustainability

(3 Minutes Read)  Several Chinese companies are participating in the exhibition, exhibiting collections of pyjamas and jackets, while Shaoxing Zhuxiang Textile is focused on developing...
In a proactive move to prevent electricity shortages during the high-demand summer months, Egypt will increase its number of Floating Storage and Regasification Units (FSRUs) from one to four by this summer, Prime Minister Moustafa Madbouly announced during a weekly press conference in Cairo.

Egypt Expands Floating Storage and Regasification Units to Secure Summer Power Supply

 (3 Minutes Read) In a proactive move to prevent electricity shortages during the high-demand summer months, Egypt will increase its number of Floating Storage and...
Mahama: Cedi Will Not Reach Parity with Dollar as Bank of Ghana Guards Economic Stability

Mahama: Cedi Will Not Reach Parity with Dollar as Bank of Ghana Guards Economic...

(3 Minutes Read) President John Dramani Mahama has assured Ghanaians that the Cedi will not reach parity with the US dollar, emphasising that such a...
The South African Reserve Bank (SARB) has lowered its benchmark repo rate by 25 basis points to 7.25%, effective Friday, in response to weakening economic growth and subdued inflation. The move, announced by Governor Lesetja Kganyago in a virtual press briefing on Thursday, followed a majority vote by the Monetary Policy Committee (MPC), with five members supporting the cut and one advocating for a more aggressive 50 basis point reduction.

South African Reserve Bank Cuts Repo Rate Amid Slowing Growth and Easing Inflation

(3 Minutes Read) The South African Reserve Bank (SARB) has lowered its benchmark repo rate by 25 basis points to 7.25%, effective Friday, in response to weakening...
TotalEnergies is refining its upstream strategy by concentrating on assets that offer low technical costs and reduced carbon emissions, to lower its cash break even point. Nicolas Terraz, President of Exploration & Production, highlighted the company's focus on disciplined asset management and environmental responsibility. In Nigeria, TotalEnergies is prioritising its key gas and offshore oil operations, with the Ubeta project playing a central role in sustaining long-term gas supply to the Nigeria LNG facility.

TotalEnergies and Shell Reshape Nigeria’s Upstream Sector with Strategic Focus on Gas and Deepwater...

(3 Minutes Read) TotalEnergies is refining its upstream strategy by concentrating on assets that offer low technical costs and reduced carbon emissions, to lower its...
The United States has updated its Level 2 travel advisory for South Africa, maintaining its “exercise increased caution” rating but adding new warnings about terrorism risks and stricter rules for U.S. personnel.

U.S. Updates South Africa Travel Advisory Amid Rising Tensions

(3 Minutes Read) The United States has updated its Level 2 travel advisory for South Africa, maintaining its “exercise increased caution” rating but adding new...

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