Rand was flat in early trade on Tuesday

The ADF has provided $45 billion to 37 low-income African countries since 1972.

South Africa’s (SA) Presidency has reported positive economic developments, highlighting a stronger Rand, a modest Gross Domestic Product (GDP) growth of 0.5% in the third quarter, and a decrease in unemployment to 31.9%, driven by job creation in the construction sector

State-owned Uganda National Oil Company (UNOC) plans to borrow $2 billion from a unit of global commodities trader Vitol to fund construction of infrastructure projects, including a crude refinery, according to a Finance Ministry official

Airtel Africa said on Tuesday it has partnered with SpaceX to introduce Starlink’s direct-to-cell satellite technology to all its 14 markets.

The Board of Directors of the African Development Fund has approved a $23.36 million grant package to expand access to clean, reliable electricity in Bosaso, a key commercial hub in Somalia’s Puntland region.