south africa

The National Bank of Ethiopia has announced a Special Foreign Exchange Auction, offering $60 million to commercial banks, aimed at managing monetary growth and maintaining market stability. 

Markets react to Ethiopia Central Bank's $60mn foreign exchange auction

Anthony Costa, Head of Secretariat for B20 South Africa, says the B20 is working to ensure business has a strong voice in G20 policymaking. 

Coster: B20 South Africa engages in G20 policymaking

Data from Canalys, a global technology market analyst firm, shows Africa’s smartphone grew by 9 per cent year-on-year signaling resilience amid global economy volatility. 

Canalys: Africa’s smartphone market grew 9% in 2024

S&P Global Ratings say growth and reform momentum in Africa drove ratings up in 2024 with positive rating actions concentrated in West Africa. 

S&P: Growth & reform momentum in Africa drove ratings up in 2024

Grain commodities such as maize, soybean, paddy rice, and sorghum are expected to stabilize, although prices will likely remain higher than last year. 

AFEX: Prices of grain commodities likely to remain elevated in 2025

Reactions continue to trail Dangote Refinery’s slash in ex-depot price of petrol by 65 naira to 825 per litre, effective today, the 27th of February. 

How Dangote Refinery petrol loading price slash impacts dynamics

The CEO of Open Access Data Centres, Ayotunde Coker believes that the outlook for data centre build in Lagos is strong and is emerging as the next key mega hub outside of South Africa. 

Coker: Outlook for data centre build in Lagos is strong 

CNBC Africa's Palesa Mofokeng spoke to Achim Steiner, Administrator of the United Nations Development Programme about the work they are doing in Cape Town.

UNDP on the role of multilateral institutions in improving Africa's debt reforms

South African President Cyril Ramaphosa attended the very same conference and he engaged in an interactive dialogue on economic growth, structural reforms, and the government's plans to boost South Africa's growth potential. 

Goldman Sachs Conference: Ramaphosa shares vision for South Africa's growth

According to Goldman Sachs, the U.S. is defying global economic trends, boasting resilience and growth despite slower global expansion. 

Goldman Sachs: U.S. economy defies global slowdown

In a move aimed at easing financial pressures and bring more value to customers, Standard Bank has partnered with South Africa’s largest retailer, the Shoprite Checkers Group, to help households stretch their grocery budgets. 

Shoprite, Standard Bank team up to improve S.African consumer spending

As the global financial landscape evolves, fintech is becoming a powerful tool for driving inclusive growth, particularly in emerging markets.

SOUTH AFRICA