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African economy

  • Wednesday, 19 June, 2024
    South Africa
    Investors cheer as Ramaphosa sworn in as South Africa’s president

    Rand and equities rise after African National Congress seals power-sharing agreement with Democratic Alliance

    Cyril Ramaphosa, right, is inaugurated as South Africa’s president for a second term on Wednesday
  • Tuesday, 11 June, 2024
    Diageo PLC
    Diageo sells majority stake in Guinness Nigeria to Singapore’s Tolaram

    Spirits group scales back presence in country amid currency and economic crisis

    A picture of a Guinness can
  • Thursday, 6 June, 2024
    Special ReportAfrica’s Fastest Growing Companies
    Africa businesses struggle to recover from Covid pandemic

    List of top 125 shows companies that have performed well in difficult times

    An illustration shows four people engaging in various shopping activities using giant smartphone screens as doorways. On the far left, a woman carries a basket on her head while opening a refrigerated section of a phone. Next, an older woman walks out of a phone carrying shopping bags. In the third phone, a young man picks fresh produce handed to him by a vendor. On the far right, a man in a red shirt, possibly a store employee, smiles and waves from behind another smartphone screen. The scene is set against an orange sky and grassy ground
  • Thursday, 6 June, 2024
    Special ReportAfrica’s Fastest Growing Companies
    Asset managers assess Africa's best investments

    Investing in Africa is the easy bit, say some leading investment managers. Getting your money back is the problem

  • Tuesday, 4 June, 2024
    Alec Russell
    How the ANC can save South Africa

    The party may ultimately be doomed — but it could yet stave off disaster for the country

    Voters queue to cast their ballots in South Africa
  • Wednesday, 29 May, 2024
    Gold
    Bulk of gold smuggled from Africa exported to UAE, says report

    Illicit trade now accounts for about 40% of continent’s production, according to Swissaid

    A Muslim pair is looking at the display of a deal in the Goldsuq of Dubai
  • Wednesday, 29 May, 2024
    News in-depthSouth Africa
    In charts: 30 years of ANC rule in South Africa

    Election seen as a referendum on the competence of a party that has governed since the country’s first post-apartheid vote

    Montage of African and emerging market GDP figures set on a bakground of a person on a ladder attaching an ANC flag to a lamppost
  • Tuesday, 28 May, 2024
    Zambia
    Zambia to exit sovereign default as bondholders back restructuring

    Deal comes nearly four years after country reneged on debt

    Hakainde Hichilema
  • Wednesday, 15 May, 2024
    Mining
    Glencore chief backs South Africa as Anglo takeover battle rages

    Gary Nagle’s praise came hours after the country’s storied miner announced it would break itself up

    Workers inspect batches of processed copper at Mutanda Mining Sarl, owned (69%) by Glencore
  • Tuesday, 14 May, 2024
    Anglo American PLC
    Anglo American plans break-up to thwart £34bn BHP bid

    CEO Wanblad makes the case to shareholders and South Africa’s president

    An Anglo American Platinum smelter plant
  • Tuesday, 14 May, 2024
    African companies
    The ranking: Africa’s Fastest Growing Companies 2024

    List of 125 includes many businesses that have overcome the Covid pandemic and the continent’s economic problems

  • Monday, 13 May, 2024
    News in-depthNigeria
    Nigeria returns to ‘orthodox policy’, says new central bank governor

    Olayemi Cardoso took over after previous chief printed money to fund deficits

    Olayemi Cardoso
  • Friday, 10 May, 2024
    Moral Money
    Société Générale among French and UK banks pulling back from Africa Premium content

    Institutions had touted Africa as a growth market that would bolster their sustainability credentials

    Palm trees flank an office block
  • Thursday, 9 May, 2024
    Anglo American PLC
    Anglo’s South Africa investors open to improved BHP bid

    Stance defies government hostility to plan that would break up national champion

    A haul truck is seen at the Mogalakwena platinum mine in Mokopane
  • Thursday, 9 May, 2024
    News in-depthAnglo American PLC
    South Africa ponders ‘corporate sunset’ for Anglo American

    Journey from industrial behemoth to takeover target reflects country’s decline as a mining powerhouse

    Striking miners in Marikana in 2014
  • Wednesday, 8 May, 2024
    Angola
    Angola agrees deal with Chinese state bank to ease debt crunch

    Africa’s second-biggest oil producer unlocks cash from a Chinese-controlled account to pay interest on a crucial loan

    Daves de Sousa gestures during an interview in 2023
  • Tuesday, 7 May, 2024
    Kenya
    Kenya president set for landmark US state visit as Russia builds Africa influence

    William Ruto hails relationship with Washington and pushes for extension of Africa trade pact

  • Monday, 6 May, 2024
    Ruchir Sharma
    A warning from the breakdown nations

    The fates of former ‘model’ economies carry lessons for current stars

    The CN Tower in Toronto
  • Friday, 3 May, 2024
    Anglo American PLC
    South African watchdog says it will have last word on BHP bid for Anglo

    Country’s independent Competition Commission vows to assess any takeover on ‘public interest’ grounds

    The Waterval smelter, operated by Anglo American Platinum, outside Rustenburg, South Africa
  • Thursday, 2 May, 2024
    Mining
    BHP says Anglo deal structure is not a negative reflection of South Africa

    Statement comes as the Australian miner’s chief executive visits country after political backlash

    Workers at the Waterval smelter, operated by Anglo American Platinum, outside Rustenburg, South Africa
  • Wednesday, 1 May, 2024
    Interview
    Do not ignore Africa, World Bank head tells wealthy nations

    Call comes as continent’s leaders push for $120bn in aid to boost development and battle climate change threat

    Ajay Banga
  • Wednesday, 1 May, 2024
    UK government spending
    Investment arm of UK international development plans to boost Africa spending

    Nick O’Donohoe says British International Investment ‘needs to be stepping forward’ as it eyes renewable energy sector

    Nick O’Donohoe
  • Friday, 26 April, 2024
    News in-depthAnglo American PLC
    Why South Africa is Anglo American’s ‘poison pill’

    BHP, whose £31bn bid for Anglo has been rejected, faces fraught politics and complicated history in the country

    An Anglo American platinum mine in South Africa
  • Thursday, 25 April, 2024
    Anglo American PLC
    BHP plans £31bn bid for Anglo American but attracts ire from South Africa and shareholders

    Legal & General and Abrdn criticise offer as undervaluing UK-listed miner

    An Anglo American site in South Africa
  • Thursday, 25 April, 2024
    Nigeria
    Nigeria’s naira rebounds sharply after bumper interest rate rises

    After hitting record low against dollar, naira has become world’s best-performing currency in recent weeks

    A vendor wheeling carrots for sale at a market in Lagos
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