AFRICA FINANCE IN BRIEF: Oil shock, Botswana downgrade, Zenith rally dominate headlines
Botswana’s credit rating has been cut amid a slump in diamond revenues, several African economies are raising fuel prices as...
- Tuesday, July 14, 2026
BusinessDay
Botswana’s credit rating has been cut amid a slump in diamond revenues, several African economies are raising fuel prices as...
African sovereign borrowing is projected to rise to a three-year high of $155 billion in 2026, but escalating geopolitical tensions...
Nigeria and Angola are expected to increase borrowing in 2026 as rising pre-election spending pressures government finances, according to a...
South Africa’s inflation slowed in February to its lowest level in eight months, but the central bank is unlikely to...
Ethiopia’s banking sector expanded further in the 12 months to June 2025, recording its highest-ever profit alongside rapid balance sheet...
Absa Group is accelerating its expansion across Africa, as operations outside its home market emerge as the bank’s fastest-growing business,...
S&P Global Ratings has cut Botswana’s sovereign credit rating, citing growing risks to fiscal stability as the country grapples with...
Nigeria, Egypt, Ethiopia, and Zimbabwe have raised domestic fuel prices as global oil costs surge and supply disruptions linked to...
Africa’s economic outlook continues to shift as stronger bank earnings, improving growth in key economies and rising commodity prices reshape...
Africa’s billionaires are richer than ever, with their combined wealth surpassing $126 billion, helped by a rally in equity markets...