Morocco
Rabat – Morocco has successfully protected its national livestock during years of severe drought, thanks to strategic measures initiated by King Mohammed VI, Agriculture Minister Ahmed El Bouari said on Thursday.
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South Africa
The South African rand stayed steady as traders awaited key economic data, including inflation and retail sales figures. Global markets also watched U.S. inflation reports, which could influence currency movements and investor sentiment.
South Africa
Nedbank Group Ltd. has reached an agreement to sell its 21.2% stake in Ecobank Transnational Inc. for $100 million to Bosquet Investments, a company controlled by Alain Nkontchou, former chairman of Ecobank.
Kenya
President William Ruto has joined economic empowerment initiatives, hosting thousands of Nairobi residents at State House to provide items like motorbikes, sewing machines, and water tanks to help them start businesses. He defended the programmes, dismissing critics who called them short-term solutions. Ruto also praised the success of the Hustler Fund, which has helped many improve their lives, and urged youth to enroll in the Social Health Authority (SHA) programme for healthcare.
South Africa
The South African rand paused its recent rally against the U.S. dollar as investors await a series of key domestic economic indicators. Market participants are closely watching upcoming data on inflation, credit, trade, and fiscal balances, which could determine whether the currency maintains its gains or faces renewed volatility. Global influences, including U.S. monetary policy and gold prices, continue to shape short-term movements.
Uganda
Uganda has begun building a Sh41 billion cross-border market designed to boost regional trade while withstanding the impacts of climate change. The facility aims to provide modern, resilient infrastructure that supports farmers, traders, and businesses from both sides of the border.