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Data Bank: Higher oil prices likely to widen Ghana's import bill, renew cedi pressure
19+ hour, 10+ min ago (959+ words) A sustained increase in global oil prices could reintroduce macroeconomic pressure for Ghana by widening the country's import bill, weakening the cedi and feeding into transport and energy costs, according to Data Bank. Speaking in a television interview on Ghana's…...
South African rand slips in early trade; US-Iran talks in focus
4+ day, 2+ hour ago (215+ words) JOHANNESBURG, April 10 (Reuters)The South African rand was marginally weaker in early trade on Friday, with its future direction likely to be determined by the outcome ofweekend talks between the U. S. and Iran in Islamabad. At 0606 GMT the rand traded at…...
South Africa faces steepest petrol price hike in years
4+ day, 24+ min ago (613+ words) South Africa's fuel industry is sounding the alarm over mounting financial pressure as elevated global oil prices and supply disruptions expose weaknesses in the country's regulated fuel pricing system, raising the prospect of broader cost pressures across the economy. "Fifty…...
South African rand steady with US-Iran talks in focus
3+ day, 20+ hour ago (236+ words) JOHANNESBURG, April 10 (Reuters)The South African rand wassteady on Friday, with its future direction likely to be determined by the outcome ofweekend talks between the U. S. and Iran in Islamabad. At 1310 GMT the rand traded at 16. 3950 against the dollar, barely changed…...
Kenya has enough reserves to manage any currency volatility, central bank says
4+ day, 22+ hour ago (187+ words) NAIROBI, April 9 (Reuters)Kenya has enough foreign exchange reserves to manage any volatility in the shilling exchange rate, its central bank governor said on Thursday, after the local currency came under moderate pressure due to the Iran war. Governor Kamau…...
South Africa's manufacturing output remained weak in February
4+ day, 19+ hour ago (675+ words) South Africa's manufacturing sector remained under pressure in February, with output falling more sharply than expected and reinforcing concerns that the industry will again weigh on economic growth in the first quarter of 2026. The February reading was also significantly weaker…...
Currencies seen mixed as shaky Middle East truce keeps markets on edge
4+ day, 16+ hour ago (402+ words) ACCRA, April 9 (Reuters)African currencies are expected to be mixed in the next week to Thursday as markets watch whether the fragile U. S. -Iran ceasefire will hold, traders said. Ghana's cedicould slip as dollar demand is expected to stay strong. LSEG…...
Gulf tensions: Will Nigeria's macroeconomic fundamentals improve in 2026?
4+ day, 23+ hour ago (366+ words) Nigeria's macroeconomic outlook could remain resilient but underwhelming unless policymakers sustain reforms, contain election-cycle spending and shield the economy from inflation and exchange-rate pressures linked to rising Gulf tensions, according to views shared in response to the World Bank's latest…...
UBA: T-Bills market activity to pickup near-term
5+ day, 1+ hour ago (19+ words) CNBC Africa UBA: T-Bills market activity to pickup near-term...
South Africa's February manufacturing output falls 2. 8% y/y
5+ day, 3+ hour ago (74+ words) CNBC Africa South Africa's February manufacturing output falls 2. 8% y/y JOHANNESBURG, April 9 (Reuters) " South Africa's manufacturing output fell 2. 8% year-on-year in February, after falling by a revised 0. 1% year-on-year in January, statistics agency data showed on Thursday. Factory production decreased 2. 2% month-on-month in…...
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