Tag: Business Africa

Mr Price posts modest earnings growth as NKD acquisition costs weigh on results

South African fashion and homeware retailer Mr Price Group reported a modest increase in annual earnings, with growth partly constrained by one-off expenses linked...

China recruits top AI talent from the U.S. as race for next-generation ‘super-apps’ intensifies

China is intensifying efforts to attract and retain elite artificial intelligence talent from the United States and other global technology hubs as competition accelerates...

New Zealand bond auction draws record demand after government trims debt issuance

New Zealand’s government bond market has attracted record investor demand after the government announced plans to reduce future debt issuance, signaling growing confidence in...

AFC secures $2 billion funding backed by Asian banks to power Africa’s infrastructure drive

The Africa Finance Corporation (AFC) has raised $2 billion in fresh financing, with strong participation from lenders across Asia, the Middle East, Europe, and...

Ghana targets investment-grade status by 2029 after historic debt default

Ghana is aiming to regain an investment-grade sovereign credit rating by 2029, just a few years after suffering one of Africa’s most significant debt...

Ethiopia unveils plan for 80% local participation to reduce reliance on foreign contractors

Ethiopia has unveiled an ambitious strategy to increase local participation in international construction and infrastructure projects to 80% over the next decade, as the...

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