The establishment of a new state company intended to serve as a property portfolio and manage around 155 …
International News
Standard Bank Group, Africa’s biggest lender by assets, reported record profit as a growing client base bolstered fee and commission income, and as market volatility drove trading revenue. Headline earnings for the year climbed …
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International News
Oil soars above $100 as Iran war forces more production cuts
by Staff Writerby Staff WriterOil smashed through $100 a barrel as more major Middle East producers cut output, though talks on a …
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Africa
Burkina Faso unveils $64 billion 5-year roadmap to transform economy
by Staff Writerby Staff WriterBurkina Faso has adopted a new National Development Plan (PND) 2026–2030, a $64 billion, five-year roadmap aimed at …
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International News
IMF says Mideast war to test world economy, expecting new shocks
by Staff Writerby Staff WriterInternational Monetary Fund Managing Director Kristalina Georgieva said the war in the Middle East will test global economic …
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International News
World Bank says $50 billion committed to African electrification
by Staff Writerby Staff WriterMore than $50 billion has been committed to an ambitious plan to halve the number of people without …
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International News
Oil spikes as Middle East war all but halts Hormuz ship strait
by Staff Writerby Staff WriterOil surged the most in four years as tanker traffic all but halted through the Strait of Hormuz …
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International News
Here are the airports and airlines disrupted by US-Iran conflict
by Staff Writerby Staff WriterEmirates and Qatar Airways are among the worst-affected airlines as the conflict in Iran shutters airports across the …
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International News
Mozambique expects to get $10bn in World Bank support
by Staff Writerby Staff WriterBy Tavares Cebola, Bloomberg Mozambique expects to secure about $10 billion in financing from the World Bank Group in …
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By Hadriana Lowenkron and Jarrell Dillard, Bloomberg Donald Trump says the US economy is finally his. Now he’ll have …
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International News
IMF sounds alarm on Mozambique debt distress, budget crisis
by Staff Writerby Staff WriterMozambique is navigating a fiscal crisis and has built up debt-servicing arrears with a raft of bilateral and …