South Africa's Rand inched weaker on Wednesday, pausing an advance that has seen it march to a one month-and-a-half best as investors took profits on a rally sparked by bets of a business-friendly outcome to the ruling party's leadership battle.
South Africa's Public Investment Corporation (PIC) is planning to ask for two seats on the board of Lonmin by the end of 2017. It has also suggested the platinum miner move its main listing to Johannesburg, its Chief Executive said.
The total value of capital imported into Nigeria more than doubled in the third quarter to $4.15 billion, after the economy emerged from a recession, the National Bureau of Statistics (NBS) said on Monday.
Zambia expects to host a mission of the International Monetary Fund (IMF) before the end of the year and hopes to have a $1.3 billion loan deal in place in early 2018, Treasury Secretary Fredson Yamba said on Tuesday.
The South African Reserve Bank (SARB) has applied for a declaratory order from the North Gauteng High Court that Advocate Busisiwe Mkhwebane abused the office of the Public Protector, and wants her to pay legal costs independently.
Sudan will take new measures to unify the exchange rates of its Pound currency by next January, the central bank said on Monday, as the country grapples with a stubborn black market and a dwindling supply of Dollars in the official banking system.
The President of the African Development Bank Group (AfDB), Akinwumi Adesina, has launched the Presidential Youth Advisory Group (PYAG) to provide insights and innovative solutions for job creation for Africa’s youth.