Kenya requests World Bank funds to cushion Iran war shock, central bank chief says
Kenya has requested rapid financial support from the World Bank to help it manage the shocks from the war in Iran, its central bank governor told Reuters on Thursday.... Read more.
NUM, Solidarity accept Eskom 7% wage offer, Numsa fights on
Two of South Africa’s major labour unions have accepted state power utility Eskom’s 7% wage increase offer, while a third has rejected it and declared... Read more.
Middle East conflict and aid drop push more African nations to IMF
The economic fallout from the Middle East war and a collapse in foreign aid are pushing more African countries to the International Monetary Fund, the fund said... Read more.
Pope Leo, in Cameroon, decries world ‘ravaged by tyrants’
Pope Leo blasted leaders who spend billions on wars and said the world was “being ravaged by a handful of tyrants” in unusually forceful remarks in Cameroon... Read more.
South Africa arrests activist Kemi Seba, wanted by Benin for ‘inciting rebellion’
South African police say they have arrested prominent pan-African and pro-Russian activist Kemi Seba, who is wanted by authorities in Benin for backing an attempted... Read more.
Africa trade insurer seeks $500m to help with Iran war cost increase
Africa’s leading multilateral insurer of trade risk is seeking about $500-million (R8.1-billion) in capital from partners to support countries that face higher... Read more.
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.
