IMF downgrades global growth forecast amid Middle East conflict
The International Monetary Fund (IMF) has downgraded its global economic outlook for 2026 amid the ongoing conflict in the Middle East, saying the war has thrown...
Kenya requests World Bank funds to cushion Iran war shock, central...
Kenya has requested rapid financial support from the World Bank to help it manage the shocks from the war in Iran, its central bank...
Standard Bank lands R13bn sustainability-linked loan agreement
Standard Bank has secured US$800-million, approximately R13.1-billion, sustainability-linked syndicated loan that attracted strong global investor demand and underscores continued confidence in its Africa-focused growth...
Middle East conflict and aid drop push more African nations to...
The economic fallout from the Middle East war and a collapse in foreign aid are pushing more African countries to the International Monetary Fund,...
Africa trade insurer seeks $500m to help with Iran war cost...
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 costs as...
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 facility aimed at...
