Sudan Let Banks Set Dollar Rates and the Pound Hit a Record Low
The Sudanese pound fell to a record 6,400 per dollar on the parallel market after the central bank let commercial...
August 28, 2026Section
Africa Markets & Investment
Africa’s capital markets are deepening fast – from the Johannesburg, Nairobi and Lagos exchanges to a fintech boom banking hundreds of millions of people for the first time. The Rio Times follows the currencies (the rand, naira, cedi and shilling), the banks and IPOs, sovereign debt and the foreign capital arriving on increasingly local terms. We cover it through the same investor lens we bring to Latin America, where the emerging-market playbook is strikingly similar. This hub gathers our Africa markets and investment coverage.
Browse by themeAfrica Critical Minerals · Africa Energy · Africa & Latin America · Africa & the Great Powers · Doing Business & Living in Africa
South Africa’s Defence Force Cannot Cover Its Own Wage Bill
South Africa defence spending on salaries will overshoot by R3.3 billion this year, the minister told parliament, with larger gaps...
August 28, 2026
South Africa Blames Its Water Crisis on the Municipalities
Ramaphosa told parliament the water crisis stems from municipal failures, as audits put 47 percent of South Africa's wastewater works...
August 28, 2026
Six Million Somalis Are Short of Food, and WFP Reaches One in Ten
The Somalia hunger crisis leaves nearly six million people acutely food insecure, with WFP reaching about 600,000 and seeking US$198...
August 28, 2026
Liberia Grew 5.1 Percent, and the World Bank Calls It Jobless
Liberia growth reached an estimated 5.1 percent in 2025, driven by a 42 percent surge in iron ore output, with...
August 28, 2026
Kenya Airways Plans US$22m of Wi-Fi as Its Losses Widen
The Kenya Airways Wi-Fi rollout starts on long-haul aircraft in Q2 2027 at US$20-22m, announced with a Ksh16.1 billion (US$124m)...
August 28, 2026
Malawi’s Central Bank Unlawfully Cut Pay. Now Comes the Bill
A Malawi Reserve Bank salary ruling found a 2020 executive pay cut unlawful, and press reports put resulting payouts in...
August 28, 2026
Ramaphosa Promises Arrests, but Cannot Put a Number on Them
South Africa xenophobic violence brought a presidential promise of arrests on 25 August, but no arrest figure, charge or named...
August 28, 2026
Ghana Builds a Committee Before It Builds a Crypto Licence
Ghana virtual assets oversight now runs through a five-agency committee, with the licensing law targeted for full operation only in...
August 28, 2026