IFC, Citigroup sign $98m local currency borrowing facility for South Africa
The World Bank Group’s private-sector arm, the International Finance Corporation, and US bank Citigroup have signed a new $98-million (R1.6-billion) borrowing... Read more.
BYD shuns price war in South Africa to build EV brand
Chinese electric vehicle maker BYD is deliberately avoiding a price war in South Africa as competition ramps up in the continent’s second biggest auto market,... Read more.
Oil prices edge up as Hormuz shipping constraints counter US-Iran peace hopes
Oil prices edged up about 1% on Wednesday as the market focused more on Middle East supply disruptions than on comments by US President Donald Trump that the war... Read more.
Rand weakens as dollar skims six-week lows on Iran talks
The South African rand weakened on Wednesday as the safe‑haven US dollar skimmed six-week lows, with markets focused on the prospect of renewed talks between the... Read more.
Pope Leo, attacked again by Trump, says world needs message of peace
ABOARD THE PAPAL FLIGHT – Pope Leo said on Wednesday that the world needs to hear a message of peace and coexistence after US President Donald Trump attacked him... Read more.
Oil gains as Hormuz shipping constraints persist despite hopes for US-Iran talks
LONDON – Oil prices rose after steep falls in the previous session as shipping through the Strait of Hormuz remained constrained, outweighing expectations... Read more.
Tanzania investigates death of American social media influencer
DAR ES SALAAM – Police in Tanzania said they are questioning the fiancé of US social media influencer Ashly Robinson, who died after an alleged suicide attempt... Read more.
Oil prices flat as traders assess U.S.-Iran talks, Strait of Hormuz closure
Oil prices were little changed on Wednesday as investors assessed prospects for renewed US–Iran talks and the potential for supply to be released from the Middle... Read more.
Botswana has not requested stake in Lobito refinery, Angola’s Sonangol says
State-owned oil firm Sonangol has not received any formal communication from Botswana signalling its desire to acquire a stake in Angola’s new $6.6-billion... Read more.
Congo to receive first group of deportees from US this week, sources say
The Democratic Republic of Congo is set to receive more than 30 deportees from the US this week, four sources told Reuters, the latest example of Washington using... Read more.
