PayInc Economic Index, which tracks the value of electronic transactions in SA, increased by 0.9% in March

State-owned oil firm Sonangol

The World Bank Group, through its private‑sector arm the International Finance Corporation (IFC), has signed a new $98 million borrowing facility with Citi, aimed at expanding IFC’s ability to finance private sector projects in South Africa (SA) in Rand.

African finance ministers and central bank governors meeting with the International Monetary Fund (IMF) have warned that the war in the Middle East is likely to slow economic growth across Africa and increase vulnerabilities, even if the recently announced ceasefire holds.

‘Multilateral institutions should do more to ‌support vulnerable countries’