Revolut has appointed banking veteran Gaby Magomola and applied for a South African banking licence, signalling a shift from payments to regulated digital banking.
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The review marks a notable turnaround for Ethiopia, which only regained access to IMF financing last year after a long suspension triggered by stalled reforms and a conflict that erupted in 2020.
The successful auction comes on the back of fiscal consolidation, improved power supply and early signs of recovery in logistics as authorities push to revive South Africa’s struggling economy.
Before the new tariffs, South Africa’s small exporters typically saw their strongest US demand in the final quarter, driven by Thanksgiving, Black Friday and Christmas shopping.
Despite the scale of interventions, reserves climbed from $9.1 billion at the end of 2024 to $11.4 billion by October 2025, aided by a historic gold rally
Officials said state revenue reached $4.4 billion in September, reflecting 105% of the full year target amid stronger tax collection.
The latest PMI survey highlighted a broad-based upturn across the economy, with all five monitored sub-sectors reporting higher new orders.
In November, input prices fell for the first time in three months, driven by a marginal drop in purchasing costs and reflecting a broader economic trend.
Despite the moderation, the quarterly rise marks the fourth consecutive quarter of growth, the longest streak since 2021 when South Africa was emerging from the economic fallout of Covid-19.
The NBE says the planned FX sale reflects ongoing efforts to to stabilise the local currency and support price and external stability.
The move comes weeks after the Bank of Ghana (BoG) urged more lenders to list on the Ghana Stock Exchange (GSE) to deepen liquidity and attract long-term investment.
The Arab nation’s latest GDP figures stand well above the 3.5% growth recorded in the same period of last year and marks the fastest quarterly pace since Q1 2022.
The funding will allow the lender to issue more letters of credit, guarantees, and collections, helping clients navigate Ethiopia’s foreign-currency-constrained market.
Nigeria’s pause echoes the Bank of Uganda’s decision earlier this month to keep its key lending rate unchanged at 9.75% for the fifth consecutive policy meeting, despite inflation falling to a seven-month low in October.
The long-awaited upgrade reflects marked progress in restructuring Zambia’s external debt, and a strengthening economic backdrop, driven largely by a rebound in copper production.
Africa’s most industrialised economy is among several across the continent easing monetary policy this year. Zambia cut its key lending rate for the first time in more than five years, while Nigeria, Ghana, Egypt, and Kenya have also lowered rates.
Revolut has appointed banking veteran Gaby Magomola and applied for a South African banking licence, signalling a shift from payments to regulated digital banking.
Nigeria’s headline inflation rate fell for the seventh consecutive month in October 2025, dropping to 16.05%, according to the Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS).
The surge comes amid mounting economic pressures and social instability, challenging the country’s long-standing reputation as one of Africa’s most peaceful and stable economies.
he move makes JPMorgan the first US bank to re-enter the Angolan market since major international lenders withdrew in the mid-2010s over compliance concerns.
The Bank of Zambia has reduced its key lending rate for the first time in over five years, citing slowing inflation in Africa’s second-largest copper and cobalt producer.