IBOV 183,476.86 ▼ 0.27% IPSA 11,255.90 ▼ 0.39% IPC MEX 64,992.23 ▲ 1.13% MERVAL 2,893,751 ▼ 1.57% COLCAP 2,584.72 ▼ 0.95% BVL PERÚ 59,934.37 ▲ 1.27% USD/BRL5.19▼ 0.12% USD/MXN17.68▼ 0.27% USD/CLP960.63▼ 0.27% USD/COP3,293▲ 0.20% USD/PEN3.39▼ 0.67% USD/ARS1,525▲ 0.30% USD/UYU40.21▲ 3.50% USD/PYG5,870▲ 2.23% USD/BOB12.17▲ 2.05% USD/DOP59.35▲ 0.25% USD/CRC450.87▲ 2.53% USD/GTQ7.64▲ 3.22% USD/HNL26.85▲ 0.31% USD/NIO36.62▲ 2.66% USD/VES853.52▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.77▲ 2.72% EUR/BRL5.91▲ 0.63% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 183,476.86 ▼ 0.27% IPSA 11,255.90 ▼ 0.39% IPC MEX 64,992.23 ▲ 1.13% MERVAL 2,893,751 ▼ 1.57% COLCAP 2,584.72 ▼ 0.95% BVL PERÚ 59,934.37 ▲ 1.27% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Saturday, September 26, 2026

Monday’s African Short News Roundup

By · July 22, 2024 · 3 min read

Africa Intelligence

One email, every weekday morning. African markets, politics and business — filed from our newsroom in Rio.

Yesterday’s subject line: “Europe's carbon toll is up — Africa answers with a fence”

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Welcome to The Rio Times’ essential African news source, offering an overview of the continent’s most impactful stories.

The following news have been the focal point of discussions in local African media.

Tanzanian President Dismisses Key Ministers Amidst Political Reforms

President Samia Suluhu Hassan of Tanzania has dismissed her Foreign and Information Ministers in a bid to reassure foreign allies and rejuvenate her reform agenda.

This reshuffle underscores efforts to enhance governmental transparency and liberalize media and opposition party operations.

Nigeria Levies $220 Million Fine on Meta for Data Privacy Violations

Meta faces a $220 million fine imposed by Nigeria for repeated breaches of data protection laws, marking a significant regulatory stance against tech giants in Africa.

Mozambique Sugar Industry to Hit 210,000 Ton Production Mark

Mozambique’s sugar production is projected to reach 210,000 tons in the 2024/2025 season, despite challenges such as past flooding and frequent climatic events affecting the industry’s capacity.

Monday’s Africa Short News Roundup
Monday’s African Short News Roundup.
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Turkey to Enhance Naval Presence in Somalia

Turkey plans to deploy naval forces to Somali waters to support hydrocarbon exploration efforts.

This move follows a defense and economic cooperation agreement with Somalia, underscoring Turkey’s growing influence and commitment in the region.

U.S. and Angola Champion Peace Initiatives in the Democratic Republic of Congo

A diplomatic effort led by the United States and Angola aims to establish a sustainable ceasefire in the Democratic Republic of Congo.

State Department’s Vedant Patel noted joint efforts with Congo, Rwanda, and Angola to promote regional peace and support displaced populations, extending the ceasefire to August 3.

Real Estate Trends Across East Africa: Uganda Leads in Office Rent Surge

According to a Knight Frank report, Uganda has surpassed its East African neighbors in office rental costs, now averaging $16.50 per square meter, with demand outstripping supply.

In contrast, Kenya and Tanzania have seen rental prices drop due to oversupply, though a rebound is expected as demand increases.

Morocco Advances in Digital Development Index

Morocco has improved its ranking in the Information and Communication Technology Development Index (IDI), achieving a score of 91.7, a 2% increase from last year.

This advancement highlights Morocco’s commitment to enhancing its digital infrastructure and increasing internet accessibility, particularly in rural areas.

Morocco Witnesses Slight Inflation Increase in June

June saw a 1.8% rise in Morocco’s Consumer Price Index, with a notable 0.4% increase compared to the previous month.

The inflationary uptick was primarily driven by a 0.5% rise in food prices and a 0.3% increase in non-food items.

UN and AU Launch Initiative to Boost Business in Africa

The Global Africa Business Initiative (GABI), led by the UN and AU, promotes Africa as a business hub while supporting sustainable development.

This partnership focuses on promoting responsible business practices across the continent.

Tunisia: Opposition Leader Faces Legal Proceedings Amid Political Crisis

In Tunisia, opposition leader Abir Moussi is set to appear in court, reflecting ongoing political tensions ahead of the presidential elections.

Her trial relates to allegations of electoral misconduct during a January 2023 demonstration.

African Union Peace Fund Nears $400 Million Goal

The African Union’s Peace Fund has garnered commitments nearing $400 million, aimed at enhancing peacekeeping efforts across the continent.

Contributions from various institutions signify robust support for conflict resolution initiatives in Africa.

Angola Hosts International Trade Fair with Record Participation

The 39th Luanda International Fair (FILDA) has commenced, showcasing Angola’s economic sectors and attracting significant international participation.

The event emphasizes food security and international partnerships, with notable attendees including the Portuguese Prime Minister.

Nigeria Profits from Livestock Export

Nigeria generates approximately $1.2 billion annually from the export of animal hides and skins, according to the Miyetti Allah Cattle Breeders Association of Nigeria.

The country’s livestock sector shows promising growth prospects with significant future investments anticipated.

DRC Sets Deadline for Declaration of Seized Assets

The DRC has imposed a deadline for the declaration of seized assets as part of its intensified efforts against corruption.

This measure is part of a broader strategy to enhance transparency and combat financial crimes.

Mozambican Physicians Announce 21-Day Strike Beginning July 29

The Mozambican Medical Association (MMA) will strike from July 29 for 21 days, extendable if talks fail.

MMA President Napoleão Viola called the health service “chaotic,” blaming government neglect.

Main issues are salary adjustments, unpaid overtime for over a year, and poor working conditions.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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