Africa ETP News
you are currently viewing::South African rand extends losses before local economic releasesSeptember 29, 2026--The South African rand extended the previous session's losses in early trade on Tuesday as higher oil prices weighed on sentiment, while investors waited for domestic economic data for clues on the health of Africa's largest economy. At 0625 GMT the rand traded at 16.43 against the dollar, about 0.1% softer than its previous close. The US dollar was steady against a basket of currencies, while oil prices rose for a second successive session amid lingering concern over Middle East supply disruption. The South African Reserve Bank is expected to release its quarterly bulletin at around 0800 GMT, offering insight into second-quarter foreign direct investment and portfolio flows.
Source: cnbcafrica.com |
Africa: 'Nigeria's Fintech Ecosystem Has Become One of Africa's Largest'
August 10, 2026---Chairman of the House Committee on Insurance and Actuarial Matters, Ahamadu Usman Jaha, has said Nigeria's fintech ecosystem has become one of the largest in Africa, noting that the country's growing payment ecosystem continues to attract significant investment.
Africa: Zimbabwe Overtakes Nigeria As Africa's Best-Performing Stock Market
August 6, 2026--Zimbabwe ended last month as Africa's best-performing equity market, overtaking Nigeria, the continent's most populous nation, after months of sustained gains driven by easing inflation, a more stable domestic currency, and renewed investor appetite for local equities.
