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Credit ratings agency SP Global Ratings has downgraded Senegal’s local currency sovereign rating to CCC+/C, signaling increased refinancing risks as the country struggles with a debt overhang of $13 billion and stalled IMF negotiations.

The South African Reserve Bank (SARB) has maintained its repo rate at 6.75% amid rising inflation risks due to soaring global oil prices linked to the ongoing conflict in Iran.

Standard Bank Group, Africa’s largest lender, forecasts an 8-12% compound annual growth in headline earnings per share from 2026 to 2028, alongside revenue growth of 7-10%.

Angola is moving to strengthen its debt profile and capitalise on soaring oil prices, launching a $1.75 billion debt buyback alongside plans for new dollar-denominated bond sales
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Target Yield offers Nigerians a disciplined goal-driven investment structure with…

In Nigeria’s fast-evolving financial ecosystem, one persistent challenge continues to…

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Iran’s closure of the Strait of Hormuz has drastically impacted global fertiliser trade, cutting off one-third of supplies and causing urea prices to surge over 30%. This disruption threatens food security, especially in sub-Saharan Africa…

Thungela Resources Limited reported a headline loss per share of $0.38 for 2025, down from earnings of $1.50 in 2024, amid a 17% revenue decline to $1.73 billion. The sharp drop in export prices and significant impairments of $514 million highlight challenges.

The IMF report comes after Africa’s industrialised nation recorded its fifth consecutive quarter of expansion, with gross domestic product rising 0.4% in Q4 2025 pushing annual growth to 1.1% — the highest since 2022.

According to the African Centre for Supply Chain, the country loses an estimated $14.2 billion annually to inefficiencies at key seaports, driven by congestion, outdated infrastructure and bureaucratic delays — challenges the deal aims to rectify.