
Nigeria’s Dangote refinery plans retail-focused IPO, no foreign listing for now
By Chijioke Ohuocha and Isaac Anyaogu A Dangote crude oil tank is seen inside the Dangote Industries oil refinery and fertilizer plant site in the Ibeju Lekki district of Lagos, Nigeria March 2, 2026. REUTERS/Sodiq Adelakun/File Photo LAGOS, Aug 14 (Reuters) – Dangote Petroleum Refinery’s planned October IPO, which could become Africa’s largest, is designed to let Nigerians

South African rand holds firm amid cooling US data, Middle East uncertainty
By Reuters South African Rand coins are seen in this illustration picture taken October 28, 2020. REUTERS/Mike Hutchings/Illustration Reporting by Anathi Madubela. Editing by Mark Potter

Kenya eyes debut Chinese bond market issuance this fiscal year
By Reuters File Photo: A general view shows a section of the skyline of the central business district of Nairobi, Kenya July 15, 2025. REUTERS/Thomas Mukoya/File Photo NAIROBI, Aug 14 (Reuters) – Kenya is considering issuing its first ever bond on the Chinese domestic debt market, known as panda bonds, as it seeks to plug a

IMF reaches staff-level agreement with Guinea on the extended credit facility
By Reuters A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., U.S., November 24, 2024. REUTERS/Benoit Writing by Ayen Deng Bior; Editing by Chizu Nomiyama Our Standards: The Thomson Reuters Trust Principles.

South Africa’s Shoprite sees annual earnings rising up to 14.7%
By Nqobile Dludla Shoppers are seen outside the Shoprite store at the Garden City mall along Thika Road in Nairobi, Kenya November 13, 2020. REUTERS/Thomas Mukoya/File Photo JOHANNESBURG, Aug 12 (Reuters) – South African retailer Shoprite Holdings (SHPJ.J), opens new tab said on Wednesday it expects annual headline earnings to rise by as much as 14.7%, supported by

Nigeria’s EV ambitions run into reality of weak electricity supply
By Isaac Anyaogu and Abraham Achirga A Geely electric vehicle showroom in Lagos, Nigeria, June 18, 2026. REUTERS/Sodiq Adelakun LAGOS, Aug 12 (Reuters) – Nigeria approved tax waivers for nearly 4,000 electric vehicles in the first half of this year, government data showed, as authorities push to accelerate nascent EV adoption despite chronic electricity shortages. The approvals reviewed