Petrobras Reaffirm Strategy Amid Share Price Decline Due to Increased Investment
Petrobras plans to accelerate investments to enhance oil production, as announced by Chief Executive Magda Chambriard. The company reported higher...
Companies
South Africa Reports January Budget Deficit of 62.68 Billion Rand
South Africa's budget deficit rose to 62.68 billion rand ($3.39 billion) in January, compared to 62.42 billion rand in January...
Ecora Resources Secures $50 Million Deal with Zambian Copper Miner
Ecora Resources has finalized a $50 million streaming agreement with Moxico Resources for the Mimbula copper mine. The investment will...
Bank of Ghana and National Bank of Rwanda Launch Fintech Licence Passporting Framework
The Bank of Ghana and the National Bank of Rwanda have signed a Memorandum of Understanding to implement a fintech...
Zimbabwe Mining Sector Anticipates Growth Amid Fiscal Challenges
Evidence suggests that Zimbabwe's mining sector is on track for a recovery, predicting a 7% growth for 2024 driven by...
Kenya’s Inflation Rises for Fourth Consecutive Month
Kenya's annual inflation rose to 3.5% in February, continuing an upward trend for the fourth month. Core inflation stayed at...
Kenya’s Inflation Reaches Five-Month Peak Due to Rising Food Prices
Kenya's annual inflation rose to a five-month high at 3.5% in February, spurred by increased food prices. Core inflation remained...
Kenya’s Government Aims to Triple Coffee Production by 2028
The Kenyan Government plans to triple coffee production from 50,000 to 150,000 metric tonnes by 2028, allocated Sh500 million for...
Kenya’s Inflation Increases to 3.5% Year-on-Year in February 2023
Kenya's consumer inflation rose to 3.5% year-on-year in February, up from 3.3% in January, according to the statistics office. This...
Zimbabwe Launches Major Chinese-Invested Industrial Park in Beitbridge
Zimbabwean President Emmerson Mnangagwa announced the launch of the Palm River Energy Metallurgical Special Economic Zone, a 3.6 billion USD...
