News

In a fresh attempt to boost the adoption of ZiG, Zimbabwe’s market regulator has ordered companies to report their earnings in the highly volatile local currency.

Three weeks after his initial budget plan was rejected by lawmakers, South Africa’s finance minister presents a new proposal with steep tax implications.

The sharp drop in inflation follows a steady rise in the country’s foreign reserves which stood at $47.39 billion in February 2025.

Supported by stronger consumer confidence, Absa joins a growing list of South African companies reporting improved earnings following the country’s exit from economic contraction in Q4 2024.

The total gross profit stood at ₦25.1 billion ($17.13 million) from ₦17.1 billion ($11.2 million) recorded in 2023.

The upgrade comes as Namibia’s central bank pushes for digital payment reforms that will drive greater financial inclusion.

While the country’s annual inflation has been on a downward trajectory since January, it still remains

Remita and other eligible PSSPs will be integrated into TMRAS to liberalise revenue payments and collections, OAGF clarified.

Both companies will invest $31 million in Pele, helping the firm raise substantial capital for its operations.

Despite the positive growth, experts cautioned that the broader economic environment remained fragile.

Transactions on the Standard Lending Facility declined sharply by by 37.6% to $7.05 billion in November, compared to the previous month amid liquidity boost.

The agreement is targeted at increasing and modernizing the country’s grain storage and logistics system which may help ease inflation.

The country’s Eurobond maturing in 2031 fell to 88.44 cents per dollar. Also, the bond maturing in 2048 also fell to 67.17 cents per dollar.

The bank’s performance comes amid economic turbulence driven by high interest rates, geopolitical risks, and political uncertainty.

Despite adverse climate conditions and logistical challenges, South Africa’s agricultural export earnings soared to a record-high in 2024, boosting trade balance.

After a prolonged regulatory battle, Namibia’s Trustco banks finally shuts down, transferring all unclaimed deposits and accrued interests to the Guardian fund

The Gold-for-Oil program was introduced in 2022 to reduce Ghana’s dependence on the dollar as FX to purchase oil for international suppliers.

Stricter ground rent enforcement could impact loans, mortgages, and real estate finance, raising risks for banks and property owners.