Seeing lots of efforts for local-currency things in general… governments and multilateral development banks are really working toward relying less on foreign funding wherever possible
World Bank's investment arm to boost local-currency lending in Africa reuters.com/world/africa/wor…
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Plot twist 👀
Lab-grown diamonds are losing their appeal due to oversupply and consumer preferences are starting to shift back to natural stones, World Diamond Council President Feriel Zerouki has said. reuters.com/world/asia-pacif…
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Plenty officials from both China and South Africa were present. Our very own mayor was there, though didn’t speak 🌞. Others included Black Business Council and Business Unity South Africa.
South Africa and China launched a push for Chinese investment in sectors such as mining, energy and infrastructure on Tuesday, at the launch of their ninth annual trade promotion conference. reuters.com/world/africa/sou…
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Hotels groups like the Hilton are seeing future for growth on this continent. Coincidence? Hard to tell. But read all about it here reuters.com/business/autos-t…
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All this to say though, that developments this year on the continent and elsewhere, are changing the engagement with Africa. The U.S. is saying it’s strategy is now trade not aid — not withstanding tariffs and visa restrictions reuters.com/world/africa/us-…
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In Senegal, investors continue to watch for developments after the nation said previous administrations had misreported on debt reuters.com/world/africa/sen…
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Speaking of South Africa. The White House interaction was gripping, but investors said local politics are the make or break of the nations long- awaited comeback after a decade of dismal growth reuters.com/world/africa/tru…
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🍃on energy. African leaders continue to ask for fair transition. At the Africa CEO Forum, SA’s Gwede Mantashe said: “we cannot kill the economy to preserve ecology.” reuters.com/sustainability/c…
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Take the Lobito Corridor: a cross-border rail project linking Angola, Zambia & DRC. Construction starts in 2026 reuters.com/world/africa/ang…
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Across the continent, the gears are shifting. From new infrastructure corridors to bold calls for a just energy transition, African nations are redrawing the map of opportunity. Investors are watching. So are policymakers. Here’s the view from the ground. 👇🏾
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Watching this space 👀👀
U.S. envoys in Africa will be rated on commercial deals struck, not aid spent, a senior State Department official said, touting it as the new strategy for U.S. support on the continent. reuters.com/world/africa/us-…
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What a great read @timcocks
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Investor appetite seems to be holding for South African bonds… but beware the R word (recession)
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Remember the listeriosis crisis? Tiger Brands—makers of All Gold and Golden Cloud—are working on a turnaround under CEO Tjaart Kruger. Read more in this report from our very own @janicekew
Tiger Brands shares climbed to their highest levels in five and a half years, signaling growing investor confidence in the leadership of Chief Executive Officer Tjaart Kruger trib.al/r9XCtIA
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Meanwhile in Brazil =) standing by for more news from our very own @thembile_cele
G-20 leaders meeting in Brazil next week are set to show unity on climate action and global trade rules, two areas threatened by Donald Trump bloomberg.com/news/articles/… via @albertonardelli @thembile_cele @simoneiglesias
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South Africa's prospects may be improving, but the rest of Africa awaits Nedbank tells @adengat
Nedbank is setting out to reinvent itself across the African continent as it looks to reduce its dependence on South Africa trib.al/9fkf2sN
S&P upgraded its outlook on South Africa's debt to positive. That's given the rand some new impetus. Coincides with a reprieve from dollar strength as well. @mphohlakudi_ tug-of-war continues? =)
A turnaround that investors have bet on in South Africa since President Cyril Ramaphosa returned to power on a mandate for reforms is coming true — at least in the nation’s credit outlook trib.al/hjhFFS0
Just over a week since that US election result. The response in markets has been... well... let's see shall we
xitter.gq/BloombergAfrica/status…
In EM currencies, it's mostly been a bad news story ain't it? And South Africa's beloved rand -- aka the rattler, has borne the brunt of the selloff
Emerging-market assets fell as the US dollar extended gains on a bet that Trump’s new administration will have strong support to push through his policies trib.al/xGODEHn
@mphohlakudi_ Great story! In your perspective, is this overall a good thing or a negative thing? I have thoughts =)
The South African rand is the calmest it’s been in nine years, but the drop in volatility points to a troubling cause: a long-term decline in investor interest in the country trib.al/vbkH0xq
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The tension in this scenario... ishu! could cut it with a knife
South Africa’s Eskom Holdings is seeking a jumbo electricity price hike, spelling good news for its creditors but pain for customers and possible fallout for the country’s economic growth trib.al/RjNGVo7
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