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Inside Africa
Fitch Ratings has affirmed Namibia’s Long-Term Issuer Default Ratings (IDRs)at ‘BB-’ with a Stable Outlook. Namibia’s ratings are supported by strong governance indicators and an institutional framework relative to rating peers.
The South African Rand traded steady against Western currencies, the US dollar, the euro, and the British pound on Monday as gold rebounded amid uncertainty in the global commodity market.
King Letsie III of Lesotho said that nearly 60 per cent of the world’s chronically undernourished population by 2030 could be living in Africa.
The South African rand or ZAR has weakened against major currencies, trading at R16.56 per U.S. dollar (USD), R19.29 per euro (EUR), and R22.11 per British pound (GBP), First National Bank said in a note on Friday.
Zambia Progresses, Rebuilds Foreign Reserves, Tames Inflation -IMF Zambia has made substantial progress in consolidating…
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.