By Promit Mukherjee JOHANNESBURG, Aug 8 (Reuters) – South Africa’s Nedbank Group (NEDJ.J), amongst the top five lenders in the country, warned on Tuesday that its bad loans would stay elevated for the rest of the year and it could miss its 2025 financial targets. But its shares were up 2.5% in early trading as profit for…
ZAWYA If delivered, the reforms would benefit growth and fiscal outcomes Nigeria’s credit outlook was upgraded to stable from negative by S&P Global Ratings on President Bola Tinubu’s planned reforms. The debt assessor still scores the nation at B-, six notches into junk and on par with Bolivia and Barbados, according to a Friday statement,…
Reuters LONDON, Aug 3 (Reuters) – Britain on Thursday said it had agreed deals with Zambia on clean energy and critical minerals as foreign minister James Cleverly ends a four-day visit to Africa to deepen ties. Cleverly has used the trip, which fell shortly after a coup in Niger, to seek to enhance Britain’s sway…
By Philip Andrew Churm with AP Youth delegates at a BRICS energy summit in Johannesburg have been looking into how the bloc can help shape the future of energy for Africa and the BRICS members. BRICS countries, Brazil, Russia, India, China and South Africa not only consume large amounts of energy but also contain about 40…
By JerryOwilli Nigeria is in the FIFA Women’s World Cup Round of 16 after holding the Republic of Ireland to a goalless draw on Monday. The Super Falcons came into the match needing only a draw to secure progression into the next round. The game, played in high tempo, saw both sides come close on…
By DavidOchieng Mbewa For the first time ever, three African teams will participate in the knockout stages of the FIFA Women’s World Cup. Morocco stunned Colombia 1-0 in their final Group H match in Perth on Thursday to qualify. With the win, Morocco joins Nigeria and South Africa in the Round of 16. Despite the loss,…
Thando Hlophe, Reuters News President Cyril Ramaphosa signed legislation into law last month recognising sign as the country’s 12th official language, alongside English, isiZulu, Afrikaans and others, to help protect the rights of the deaf and promote inclusivity JOHANNESBURG – Bongumusa Manana, a 19-year-old deaf student who studies in a township in Johannesburg, sees South Africa’s…
Agence France-Presse (AFP) Already present in Benin, Togo and Rwanda with 10,000 vehicles, the loan of $63mln will allow it to expand and put another 15,700 of the battery-powered vehicles on the road African startup Spiro said Friday it will expand its leasing of electric scooters and motorcycles to Kenya and Uganda after having received…
Reuters ABUJA, Aug 5 (Reuters) – The World Bank is aiming to help fund construction of 1,000 mini solar power grids in Africa’s biggest economy Nigeria in partnership with the government and private sector, the lender’s president Ajay Banga said on Saturday. Nigeria, with a population of more than 200 million people, has installed power…
By Felix Njini and Clara Denina NAIROBI/LONDON Aug 4 (Reuters) – Botswana’s state diamond company is planning to diversify how it sells precious stones to the market as it gears up to receive far more supply under a multi-year deal the country struck with producer De Beers in July. The Okavango Diamond Company (ODC) currently sells 25% of…
