Bloomberg
Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
Fuel pumps run dry in Mozambique capital as dollar deficit bites
15th April 2025 From empty fuel pumps to dollars selling for a steep premium on the street, Mozambique’s foreign-currency crunch is becoming increasingly obvious... →
Nigeria is alone as Africa sits-out tariff-fuelled currency interventions
11th April 2025 African nations aren’t rushing to prop up their local currencies and tap their limited foreign-exchange reserves, even as US President Donald... →
South Africa’s top lender plans private bank for Ghana’s wealthy
11th April 2025 A unit of FirstRand, South Africa’s biggest bank by market capitalisation, plans to set up private banking services in Ghana and bolster its... →
Zimbabwe debt woes grow as State mining firm faces asset seizure
10th April 2025 A State-owned Zimbabwean mining firm is trying to protect assets that risk being seized because the country failed to honour a debt incurred when... →
Zimbabwe issues Dollar Bonds to pay ex-farmers for land grabs
9th April 2025 Zimbabwe issued treasury bonds worth $308-million and made small cash payments to White farmers who were dispossessed of their property 25 years... →
US lawmakers revive call for review of South African relations
4th April 2025 Two US lawmakers introduced a bill to review South Africa’s ties with Washington, alleging that it supports America’s adversaries. Ronny Jackson, a... →
Zimbabwe’s plan to drop the dollar is faltering on ZiG crunch
4th April 2025 A liquidity crunch in Zimbabwe is deepening the economy’s embrace of the US dollar and undermining the bullion-backed currency introduced by the... →
South Africa targets development finance giants for funds to revive cities
4th April 2025 South Africa, already counting on a $1-billion loan from the World Bank to regenerate its rundown cities, is seeking funding from some top global... →
South Africa’s coalition teeters as Budget shows widening rift
3rd April 2025 South Africa’s ruling coalition risks unravelling after a dispute between its main members over proposed tax increases deepened, pummelling the... →
Investment banker says uncertainty imperils South Africa’s deals
3rd April 2025 Fractures within the South African government — along with global macroeconomic uncertainty — are weighing on dealmaking activity in the... →
Expropriation needed for South African growth, Macpherson says
1st April 2025 South Africa needs an effective and fair land expropriation law to help ignite economic growth and revamp its dilapidated cities, the country’s... →
Africa’s best-performing currency helps Uganda cut power prices
1st April 2025 Uganda cut power prices by the most in two decades, helped in part by an appreciating currency that lowered the cost of imported fuel and... →
South African business outlook muddied by deteriorating US ties
1st April 2025 South African business sentiment remained in contractionary territory for a fifth straight month as a recovery in demand struggles to pick up pace... →
Botswana seeks new Eskom power deal as supply crisis deepens
1st April 2025 Government officials from Botswana will meet with South Africa’s electricity ministry this week after power-import costs more than doubled,... →
As US cuts HIV assistance, South Africa turns to miners, insurer
1st April 2025 Weeks after the administration of US President Donald Trump gutted the country’s aid programs, cancelling billions of dollars of funding used to... →
Business suffers in Zimbabwe’s major cities amid call for protests
31st March 2025 Zimbabwe’s capital Harare and its second city Bulawayo were quiet on Monday despite calls for protests against the southern African nation’s... →
DA sees ‘good chance’ of Budget deal by Wednesday
31st March 2025 The Democratic Alliance (DA), the second-biggest group in the country’s coalition government, sees a “good chance” of an agreement on the nation’s... →
Targeted by Trump, South Africa seeks to reset trade relations
28th March 2025 South Africa is working to reset US relations that have been under assault by Donald Trump since his return to the White House. Pretoria is... →
Fruits of decades of AIDS vaccine research harmed by Trump’s withdrawal of US funding
28th March 2025 After decades of failed attempts, scientists were optimistic that a new generation of HIV vaccine candidates would finally succeed — changing the... →
IDC weighs taking control of AMSA
27th March 2025 A South African State development bank is considering taking a majority stake in the local unit of ArcelorMittal South Africa (AMSA) as it tries to... →
World Bank, South Africa have $3bn plan to rescue cities
27th March 2025 South Africa, with the help of the World Bank, has a $3-billion plan to reverse the decline in services and infrastructure in eight of its biggest... →
South African economic growth could triple this year, Absa says
26th March 2025 South Africa looks set for much better growth in 2025 thanks to increased spending and investment, according to analysts at Absa Group, though a... →
South African consumer mood slumps on tax hike, fraying US ties
25th March 2025 South African consumer confidence plunged to the lowest level in almost two years, as worries about higher taxes and the country’s deteriorating... →
Botswana considering new 615 MW coal-fired power plant
25th March 2025 Botswana is contemplating building a new 615 MW coal-fired power station near its main generation plant to mitigate generation challenges at the... →
South Africa adds 800 MW capacity unit to national grid
24th March 2025 South Africa’s state electricity utility added an 800 MW unit at the Kusile Power Station to the national grid, amid ongoing efforts to boost... →
Mozambique President meets opposition leader Mondlane for first time
24th March 2025 Mozambican President Daniel Chapo met the nation’s most prominent opposition leader for the first time since a disputed October election that... →
South African central bank keeps key rate steady
20th March 2025 South Africa's central bank kept its main lending rate steady at 7.50% on Thursday, saying that a cautious policy approach was needed given global... →
US stalls $2.6-billion climate finance package for South Africa
20th March 2025 The US is stalling the distribution of $2.6-billion in climate finance to South Africa, stoking concerns the money might be blocked outright,... →
South Africa set to alter course on rates until ‘dust settles’: Day Guide
20th March 2025 The South African Reserve Bank (SARB) is set to look past a smaller-than-expected rise in prices last month and keep borrowing costs unchanged... →
South Africa, facing mill closures, begins steel tariff review
20th March 2025 South Africa, facing the prospect of ArcelorMittal South Africa (AMSA) closing two steel mills crucial to the local manufacturing industry, has... →
Trump aid pull-back prompts talk, not action, from African leaders
19th March 2025 Leaders across Africa have said US President Donald Trump’s decision to abruptly end billions of dollars of aid to the continent is a wake up call... →
African economies reassess interest-rates path with eye on Trump
19th March 2025 Central banks in South Africa, Egypt and several other African nations will pronounce on interest rates over the course of the next month and stake... →
AMSA, govt near funding deal for stricken mills
19th March 2025 South Africa is nearing a deal to provide funding to ArcelorMittal South Africa (AMSA) and keep the steel mills open, which are crucial for the... →
Rwanda-backed rebels demand sanctions removal before talks start
18th March 2025 The M23 rebel group fighting to control eastern Congo wants sanctions against its members lifted before it joins talks that were scheduled to begin... →
South Africa’s biggest political parties seek Budget compromise by April
18th March 2025 South Africa’s two biggest political parties are holding a series of talks to resolve an impasse over the national budget that poses the biggest... →
Trump’s trade salvos test nerves of central bankers
17th March 2025 An anxious sense of wait-and-see may emerge from central banks in the coming week, in their first collective assessment of how President Donald... →
EU, S Africa hold first summit since 2018 as US ties unravel
13th March 2025 The European Union and South Africa are holding their first summit since 2018, the latest step toward shoring up a shaky relationship in a world... →
South Africa forms G20 panel to address ballooning African debt
12th March 2025 South Africa established an expert panel to address issues in Africa during the country’s chairmanship of the Group of 20 economies, including the... →
Zimbabwe market regulator orders firms to report earnings in ZiG
12th March 2025 Zimbabwe’s stock market regulator has ordered companies to report earnings in the local gold-backed currency, with immediate effect. The... →
Ghana economy downshifts in fourth quarter as cocoa shrinks
10th March 2025 Ghana’s economy grew at the slowest pace in more than a year in the fourth quarter, as industrial activity almost stalled and the cocoa sector... →
Ramaphosa seeks settlement with Apartheid victims
10th March 2025 President Cyril Ramaphosa’s legal team is set to begin negotiations to settle a lawsuit filed against him and several government agencies by... →
