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Business Africa

South African Rand Holds Steady Amid Pivotal Global and Domestic Economic Cues

The South African rand is demonstrating a notable degree of stability as global financial markets keenly anticipate the outcome of crucial trade negotiations between...
Business Africa

African Union Agency Slams Fitch’s ‘Flawed’ Afreximbank Downgrade

The African Peer Review Mechanism (APRM), a specialized agency of the African Union, has strongly criticized Fitch Ratings' recent downgrade of the African Export-Import...
Business Africa

Kenya Central Bank Cuts Main Lending Rate to 9.75%

Kenya's central bank has cut its benchmark lending rate to 9.75% from 10.00%, marking the sixth consecutive reduction in its monetary policy stance. The...
Business Africa

Africa Can Self-Fund Infrastructure with Over $4 Trillion in Domestic Assets, Says AFC

Africa holds the financial capacity to drive its own infrastructure transformation, with over $4 trillion in investable domestic capital available on the continent. This...
Business Africa

Designer Ozwald Boateng Puts Africa on World Stage at Met Gala

British-Ghanaian fashion maestro Ozwald Boateng made a striking and impactful debut at the Met Gala in New York this May, capturing hearts and minds...
Business Africa

Nigerian Crude Commands Premium: Bonny Light Edges Brent, New “Obodo” Blend Hits Market

Nigeria's crude oil benchmarks are currently experiencing a favorable market dynamic, with the nation's flagship grade, Bonny Light, trading at a slight premium over...
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