Central Africa Licences Its First Credit Rating Agency
The CEMAC credit rating licence went to Geneva Investment Corporation on 7 August. It is the first ever granted in...
August 20, 2026Section
Markets
Financial markets, economic analysis, and cryptocurrency coverage
South Africa’s Unemployment Rate Climbs to 33.6% in the Second Quarter
South Africa unemployment rose to 33.6 percent in the second quarter, up 0.9 points. On the wider measure that counts...
August 20, 2026
Meta Deletes 756,000 Australian Teen Accounts Before a New Ban
Meta removed 756,000 Australian teen accounts from Instagram and Facebook before an under-16 ban starts. Here is what that number...
August 20, 2026
Chile’s Lithium Producer SQM Posts US$660 Million Quarterly Profit
SQM posted a US$660 million second-quarter profit as lithium prices rebounded, and first-half earnings at the Chilean miner topped US$1...
August 19, 2026
Absa Wins GEPF Custody Contract to Guard South Africa’s US$215 Billion State Pension Fund
The GEPF financial custodian mandate moves to Absa from Standard Bank, covering R3.5 trillion, about US$215 billion, in state pension...
August 19, 2026
US Lifts Nigeria Ship Security Restrictions After 12 Years
The US Coast Guard has lifted its Nigeria ship security restrictions after 12 years. Announced on 18 August 2026, the...
August 19, 2026 Burundi to Complete East African Payment System Link by December 2026
Burundi joined the East African Payment System in 2020 but is still not live. Its central bank now aims to...
August 19, 2026
South Africa Invites Chinese Tyre Companies to Build US$123 Million Plant
Eastern Cape leaders are courting Chinese tyre companies for a US$123 million plant at Coega, a year after Goodyear shut...
August 19, 2026
Dangote Refinery IPO in Nigeria Gets US$1 Billion Backing
Advisers say the Dangote Refinery IPO in Nigeria has a US$1 billion underwriting programme: US$600 million funded, US$400 million for...
August 19, 2026