SARB leaves repo at 8.25% as Kganyago flags risks from $60bn South Africa infrastructure gap
The South African Reserve Bank kept the repo rate at 8.25%, citing inflation risks and a $60 billion infrastructure gap.
Author
918 posts 0 comments
Ghana cocoa regulator Cocobod delays $1.3bn syndicated loan amid 2025 output slump and price surge
Ghana’s COCOBOD delayed its $1.3bn syndicated loan for 2024/25 due to expected cocoa output decline and rising global cocoa prices.
Dangote refinery ramps Nigeria crude runs to 600,000 bpd, starts LPG exports to West Africa
The Dangote refinery increased crude processing to 600,000 bpd and began exporting LPG to West Africa, boosting use of Nigerian crude.
Ethiopia, China sign $600m deal to expand Addis–Djibouti railway freight capacity
Ethiopia and China signed a $600 million deal to expand freight capacity and upgrade the Addis Ababa–Djibouti railway.
Senegal inks $900m LNG and gas export financing with BP and Kosmos for Greater Tortue phase two
Senegal secured $900 million financing from BP and Kosmos Energy for phase two of the Greater Tortue LNG and gas export project.
Ghana secures $1.2bn IMF disbursement after cocoa revenue slump and Eurobond restructuring delays
Ghana received a $1.2 billion IMF disbursement after meeting targets despite cocoa revenue decline and Eurobond restructuring delays.
Nigeria NNPC, TotalEnergies approve $2.2bn deepwater oil project to lift offshore production
NNPC and TotalEnergies approved a $2.2bn deepwater oil project in Nigeria to boost offshore crude production with new wells and infrastructure.
Morocco signs $800m Chinese-backed EV battery and lithium plant deal in Tangier industrial zone
Morocco signed an $800 million deal with a Chinese-backed consortium to build an EV battery and lithium plant in Tangier's industrial zone.
Nigeria CBN leaves MPR at 27.5% as Governor Cardoso vows tighter FX controls
The Central Bank of Nigeria kept the Monetary Policy Rate at 27.5% and announced plans for tighter foreign exchange controls.
DRC and Zambia sign $2bn China-backed EV battery corridor deal for copper and cobalt processing
The DRC and Zambia signed a $2 billion China-backed deal to develop an EV battery corridor for copper and cobalt processing in the Central African Copperbelt.