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Suriname officials are in talks with the IMF for a new economic program following a $688 million agreement that expired. Finance Minister Stanley Raghoebarsing emphasized the need for a flexible …
Suriname’s Government Engages IMF For Successor Program Discussions Ahead Of Elections Read More
Zambia has reached record-high foreign-exchange reserves of $4.31 billion but suffers from currency depreciation due to a historic drought and rising import demands, primarily in energy and agriculture. The kwacha’s …
Zambia’s Record-High FX Reserves Fail to Remedy Currency Issues Read More
Codelco, the largest copper producer in the world, is exploring the adoption of I-Pulse Inc.’s pulsed power technology to improve mining efficiencies. Executive chairman Maximo Pacheco acknowledges the strengthening relationship …
Codelco Considers I-Pulse Technology to Enhance Mining Efficiencies Read More
South Africa experienced an 83% drop in the economic cost of power cuts, attributed to improved supply stability. Power cut losses decreased to 481 billion rand ($26.7 billion) from a …
South Africa’s Power-Cut Economic Losses Decrease by 83% Amid Supply Stabilization Read More
Nigeria’s annual inflation rate fell to 23.2% in February, marking the second consecutive monthly decrease, with food inflation also decreasing. This decline could influence the Central Bank of Nigeria to …
Nigerian Inflation Decline Suggests Potential Rate Stability Read More
The US Export-Import Bank has approved a $4.7 billion loan for TotalEnergies SE’s Mozambique LNG project, marking a significant milestone in financing efforts. The project, briefly halted by militant attacks, …
US Export-Import Bank Approves $4.7 Billion Loan for Mozambique LNG Project Read More
Peru’s central bank has maintained its key interest rate at 4.75% as it assesses the inflationary implications of global trade wars. Though inflation trends are favorable, concerns over financial market …
Peru Maintains Interest Rate Amid Global Trade Tensions Read More
Microsoft plans to invest US$297 million in South Africa by 2027 to enhance its cloud and AI capabilities. This investment contributes to a total of 20.4 billion rand already invested, …
Microsoft Announces US$297 Million AI Investment in South Africa Read More
Kenya’s inflation rate increased to a five-month high at 3.5% in February due to rising food prices. Core inflation held steady at 2%, but potential tax hikes could threaten the …
Kenya’s Inflation Hits Five-Month High Driven by Rising Food Prices Read More
The Public Investment Corporation of South Africa is actively exploring private credit as a growth avenue in Africa, having invested about 8 billion rand in recent years. The organization is …
Public Investment Corporation Seizes Private-Credit Opportunities in Africa Read More