Bloomberg
Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
Key data suggests South Africa GDP grew for third straight quarter
15th August 2025 South Africa’s economy probably expanded for a third successive quarter, buoyed by recoveries in the key manufacturing and mining sectors, although... →
South African govt, AMSA locked in talks over key mill’s fate
13th August 2025 South Africa’s government is locked in crisis talks with the local unit of ArcelorMittal to decide the fate of the company’s loss-making... →
Kganyago says CPI near 3% seen yielding lower rates
8th August 2025 South African Reserve Bank Governor Lesetja Kganyago said inflation is expected to quicken over the next couple of months before cooling and that... →
Senegal adds battery-storage capacity to grid to avoid blackouts
7th August 2025 Senegal is adding battery storage to its national power grid as part of efforts to stabilise electricity supply and avoid blackouts. State utility... →
Rwanda-backed M23 rebels killed 319 civilians in July, UN says
7th August 2025 At least 319 people, including dozens of women and children, were killed by the Rwanda-backed M23 rebel group that’s active in eastern Democratic... →
Zambia’s Bonds sink most in emerging markets after IMF’s warning
6th August 2025 Zambia’s dollar-denominated bonds led losses among emerging peers on Wednesday after the IMF warned that the country’s capacity to service its debt... →
G20 needs to fix debt revamp framework, top African banker says
6th August 2025 The Group of 20 should consider improving its debt restructuring framework for poor nations, the former vice president of the African Development... →
Africa’s critical minerals key to clean-energy drive, AFC says
6th August 2025 Africa’s role in the global pivot toward cleaner sources of energy should focus on increasing the supply of critical minerals needed to make the... →
Burundi picks Finance Minister Ntahontuye as new Prime Minister
5th August 2025 Burundi’s National Assembly has elected Nestor Ntahontuye as the new prime minister, just eight months after he was named finance minister.... →
South Africa plans jail time, fines under new emissions rules
4th August 2025 South Africa will seek jail time, fines and higher taxes for breaches of proposed rules to govern carbon emissions that will apply to almost all... →
Most South African small firms at risk of collapse, survey finds
1st August 2025 More than half South Africa’s small businesses don’t expect to survive for more than a year, a survey backed by lender Absa Group found. Some 53%... →
Zambia inflation slows to 2023 low, sets stage for rate cut
31st July 2025 Zambia’s annual inflation cooled to its lowest level since November 2023 as currency appreciation helped curb the cost of imports, strengthening... →
South Africa urged to sweeten US trade deal before tariff deadline
31st July 2025 The US urged South Africa to improve its trade offer as Pretoria waits to hear what tariff US President Donald Trump will impose on its exports to... →
South Africa set to cut interest rates as tariff details awaited
31st July 2025 The South African Reserve Bank (SARB) is poised to extend its longest easing cycle since 2019 on the eve of stiffer US trade tariffs, which are... →
South African State insurer builds $1.1bn buffer for riots
30th July 2025 South Africa’s State-owned risk insurer, which the government bailed out so it could meet claims stemming from riots four years ago, has built up a... →
Zambia seeks 12-month extension to IMF deal ahead of elections
30th July 2025 Zambia’s cabinet has cleared the way for the southern African nation to request a 12-month extension of its International Monetary Fund programme,... →
World Bank plans securitisation, debt swaps to boost development
30th July 2025 The World Bank is considering securitising some of the projects it’s backing to attract more private funding as it prepares to roll out a series of... →
Bain shuts scandal-tainted South African consulting business
29th July 2025 Bain & Co. is closing down its consultancy business in Johannesburg, likely bringing to an end a years-long battle to try and restore its... →
Bank of America sees South African inflation target by end of 2027
29th July 2025 South Africa’s move to a lower 3% inflation target may be phased in by the end of 2027, potentially resulting in official interest rates moderating... →
World Bank chief says Zimbabwe needs G20 help to exit debt trap
28th July 2025 Zimbabwe’s best chance of exiting a 25-year debt default is to engage the Group of 20 nations to help formulate a solution and stop trying to work... →
Treasury seeks to supplement FX borrowing programme
25th July 2025 National Treasury invited proposals on “innovative and cost-efficient” ways to supplement the government’s foreign-currency borrowing programme in... →
Deadly child malnutrition surges in Nigeria as aid cuts bite
25th July 2025 Deadly child malnutrition is soaring in northern Nigeria amid rampant inflation, simmering conflict and sharp cuts to foreign aid. Children... →
Nigeria Naira bonds beat EM peers as Tinubu reforms get noticed
25th July 2025 Nigerian President Bola Tinubu‘s reforms are sparking the biggest bond rally in emerging markets as the West African nation’s two-digit carry... →
Citigroup says capital markets reopening to African borrowers
25th July 2025 African borrowers are regaining access to international capital markets, offering governments and companies a fresh opportunity to diversify their... →
Prasa, union reach wage deal
25th July 2025 The Passenger Rail Agency of South Africa and its key union reached a wage agreement that will see a 5.5% increase in workers’ pay across the... →
Goldman, Investec see room for three S Africa rate cuts in 2025
24th July 2025 South Africa’s tame inflation has created room for the central bank to cut interest rates at each of its three remaining meetings this year,... →
Rand Merchant, South Africa Parks mull conservation, rhino bonds
23rd July 2025 South African National Parks, which runs some of the world’s premier wildlife reserves, said it’s in discussions with Rand Merchant Bank over the... →
South Africa to amend Budget process after political wrangling
23rd July 2025 South Africa’s National Treasury plans to revamp its 2026 budget-preparation process after political wrangling saw this year’s proposal altered... →
Malawi faces $2bn reserves hole on debt arrears, IMF says
23rd July 2025 Malawi’s debt bill this year will be $2-billion more than what it holds in foreign reserves, according to the International Monetary Fund — an... →
South Africa inflation hits four-month high before rate meeting
23rd July 2025 South African inflation quickened to a four-month high in June, complicating the central bank’s task as it prepares to review interest rates.... →
South Africa Roads Agency on verge of accessing Brics bank loan
22nd July 2025 South Africa’s National Roads Agency expects to be able to access a R7-billion loan from the New Development Bank soon and plans to use the money... →
Mozambique’s Maputo port sees sharp drop in volumes after unrest
22nd July 2025 Mozambique’s Maputo port suffered a steep drop in shipments during the first half of the year amid trade uncertainties and social unrest, according... →
Nigeria set to hold rates pending clarity on inflation outlook
22nd July 2025 Policymakers at the Central Bank of Nigeria are poised to leave borrowing costs unchanged at their third meeting of the year to gauge the... →
Buti Manamela to replace Nkabane as higher education Minister
22nd July 2025 President Cyril Ramaphosa fired Higher Education and Training Minister Nobuhle Nkabane, who is facing accusations that she misled parliament, eight... →
Mozambique’s $6.4bn hydropower plan to get World Bank funding
21st July 2025 Mozambique won World Bank backing for its plan to build Southern Africa’s biggest hydropower plant in half a century. The lender plans to provide... →
South Africa moves closer to exiting dirty-money list in October
18th July 2025 South Africa is edging closer to leaving a global financial watchdog’s so-called gray list in October, with a team of assessors scheduled to visit... →
UK’s Reeves announces South Africa infrastructure partnership to boost investment
18th July 2025 UK Chancellor Rachel Reeves announced an infrastructure partnership with the South African government to boost investment in Africa’s biggest... →
Largest Kenya bank to set up UAE office to capture capital flows
17th July 2025 Equity Group Holdings, Kenya’s largest lender, plans to open an office in the United Arab Emirates in the fourth quarter to benefit from growing... →
G20 nearing deal on communique, Godongwana says
17th July 2025 Finance Minister Enoch Godongwana said the Group of 20 advanced economies are nearing a deal on a communiqué. “We are closer to a making a deal and... →
Netanyahu weaker but still in control after government walkouts
17th July 2025 The departure of two ultra-Orthodox parties from Israel’s government leaves Prime Minister Benjamin Netanyahu politically weakened just as he seeks... →
G20 finance chiefs confront uncertainty amid Trump’s trade war
17th July 2025 South Africa called for greater cooperation among the Group of 20 advanced economies, as finance ministers and central bank governors gathered... →