1+ hour, 22+ min ago  (279+ words) The Rwandan government said it has spent nearly 48 billion Rwandan francs (about 32 million dollars) on fuel subsidies between March and June. Prime Minister Justin Nsengiyumva said the subsidies were to shield consumers and businesses from surging oil prices triggered by…...

2+ day, 9+ hour ago  (447+ words) South African Rand slipped against the US dollar, the euro, and the British pound on Wednesday as a geopolitical twist boosted demand for safe-haven assets. In its morning brief, First National Bank (FNB) told investors that the rand traded slightly…...

1+ week, 2+ day ago  (432+ words) South African rand traded slightly stronger in yesterday's afternoon session but is facing mounting pressure now from a broadly stronger US dollar, First National Bank said in a brief on Wednesday. The local unit fluctuated after South Africa's trade balance…...

1+ week, 2+ day ago  (272+ words) Reform That Reset Angola's Upstream Sector Following years of production decline, Angola launched a wide-ranging reform program aimed at revitalizing both mature and frontier assets. In 2018, production had fallen by around 20% after an extended period without new licensing rounds, while…...

1+ mon, 1+ week ago  (696+ words) The Nigerian community in South Africa says at least 105 Nigerians have been killed in the country over the past seven years, following the wave of xenophobic attacks against migrants. This is contained in a statement signed by the community's leaders,…...

1+ mon, 1+ week ago  (449+ words) The South African Reserve Bank (SARB) raised interest rates by 25 basis points, citing escalating global inflation risks linked to the ongoing Middle East crisis and mounting pressure on domestic fuel and food prices. The Apex Bank increased borrowing costs for…...

1+ mon, 2+ week ago  (257+ words) The South African Rand weakened against the US dollar, Euro and sterling during early trading hours on Tuesday as the United States-Iran peace deal hung in the balance following fresh attacks. The local currency appreciated sharply against major currencies yesterday…...

2+ mon, 2+ day ago  (230+ words) South African Rand momentum eased against Western currencies as US-Iran clashes reverse market optimism. The United States and Iran exchanged fire on Thursday in the most serious test yet of their month-long ceasefire, but Iran said the situation returned "to…...

2+ mon, 4+ day ago  (230+ words) The South African Rand rallied against the US dollar, the euro, the British pound, and the Japanese yen on Wednesday as easing Middle East tensions drove gold prices higher. The rand has strengthened against major crosses this morning, trading at…...

2+ mon, 5+ day ago  (245+ words) The South African rand weakened against the dollar to R16. 80 but held steady against the euro at R19. 63 and the pound at R22. 70, First National Bank (FNB) said in its brief on Tuesday. The local currency came under pressure as renewed Middle East…...