The South African rand weakened against its major crosses, trading at R16.50 per dollar, R19.34 per euro, and R22.30 per pound, First National Bank (FNB) said in its morning brief on Wednesday.

Egypt Prime Minister Mostafa Madbouly on Tuesday instructed officials to begin preparations for introducing electric vehicles into the government fleet as the country is stepping up its transition to sustainable transport.

The UN Economic Commission for Africa  (ECA) and Financial Sector Deepening (FSD) Africa concluded on Friday, 8 May in Addis Ababa, Ethiopia, the Second African Forum on Sovereign Finance, under the theme: “Enhancing Fiscal Space and Debt Sustainability.”

Fitch Ratings has affirmed Angola’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B-‘ with a stable outlook.  Angola’s ratings reflect weak governance indicators, high inflation, high levels of foreign-currency-denominated government debt and one of the highest commodity dependences among Fitch-rated sovereigns, Fitch said.

Fitch Upgrades Ghana to ‘B’; Outlook Positive Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency (LTFC)…

S&P Global Ratings affirmed its ‘CCC+’ long-term and ‘C’ short-term sovereign credit ratings on Burkina Faso, with a stable outlook accorded.