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South Africa: Price of Petrol and Diesel to Increase From Wednesday

1+ hour, 47+ min ago  (179+ words) The Department of Petroleum and Mineral Resources (DMPR) has announced that petrol and diesel prices will increase by between R3. 27 and R6. 19 from Wednesday. The increase comes alongside government efforts to cushion the blow for consumers through the extension of the R3 decrease…...

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Nigeria: Manufacturing Sector's Tax Contribution Rises to N1. 17trn, Spurs Demand for Fiscal Support

3+ day, 8+ min ago  (386+ words) The manufacturing sector's contribution to tax revenue collections in Nigeria maintained an upward trend in 2025, contributing a total of N1. 17 trillion in Value Added Tax (VAT), an increase of 45. 61 per cent over the N803. 53 billion in 2024. The sector's Company Income Tax (CIT)…...

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Mozambique: Small Increase in Minimum Wage, But No Hikes for Health, Govt Workers

3+ day, 6+ hour ago  (253+ words) [Mozambique News Reports And Clippings] Small increases in minimum wages for the private sector were approved Tuesday (28 April) by the Council of Ministers, after negotiations between government, employers and the trade union federation Consilimo. Mozambique: Higher Minimum Pay Ranges from…...

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South Africa: Treasury Drops Diesel Levy to Zero for May

5+ day, 2+ hour ago  (313+ words) South African drivers are getting a lifeline to survive another massive petrol and diesel price increase in May. The government is extending its fuel levy relief. This will protect motorists from big price increases caused by the war in Iran…...

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South Africa: Two Rate Hikes Loom Large

6+ day, 23+ hour ago  (181+ words) Economists expect the unbearable pressure on households to increase. South Africa's inflation battle has entered a more dangerous phase, with the South African Reserve Bank (Sarb) making it clear that it will not budge from its 3% target - even as a…...

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Africa Faces Mounting Risks Just As Growth Gains Take Hold

1+ week, 2+ hour ago  (840+ words) Washington DC " Sub-Saharan Africa's economies entered 2026 with significant momentum. The region had notched its fastest growth rate in 10 years--4. 5 percent in 2025--buoyed by reduced macroeconomic imbalances, rising investment levels, and a generally supportive external environment. Countries such as Benin, C'te…...

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Nigerian Breweries Outlines Strategies for Sustained Growth, Pricing Shocks Protection

2+ week, 4+ hour ago  (342+ words) Nigerian Breweries (NB) Plc has highlighted strategies aimed at sustaining the company's growth and protecting customers from pricing shocks occasioned by rising inflation. Finance Director, NB Plc, Maria Karaseva, outlined the strategies at the company's 80th pre-annual general meeting media briefing…...

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Ghana: Moody's Revises Ghana's Outlook to Positive, Affirms Caa1 Rating

2+ week, 6+ day ago  (322+ words) CREDIT rating agency, Moody's has revised Ghana's sovereign credit outlook from 'stable' to 'positive,' while affirming its long-term foreign-currency rating at Caa1. The revision to a positive outlook reflects growing confidence that Ghana's macroeconomic conditions are gradually stabilising after a period…...

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Kenya: IMF Urges Kenya to Include Pending Bills in Public Debt Tally

2+ week, 6+ day ago  (272+ words) Nairobi " The International Monetary Fund (IMF) has urged Kenya to expand its official debt statistics to include unpaid government obligations--commonly known as pending bills--in a move that could significantly reshape the country's fiscal outlook. In a new technical…...

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South Africa: Local Firms Lead Charge As SA Secures R890 Billion in Investment Pledges

3+ week, 20+ hour ago  (737+ words) South African companies are leading the investment charge following the successful hosting of the sixth South Africa Investment Conference (SAIC), where a record R890 billion in investment pledges was secured. In his weekly newsletter to the nation on Monday, President Cyril…...