South African central bank Governor Lesetja Kganyago said the country needs to effectively implement microeconomic reforms before it will see faster growth.

South African manufacturing sentiment remained downbeat for a fifth straight month as purchasing-price pressures intensified and expectations about future business conditions deteriorated.

Nigeria was the biggest climber in a ranking of Africa’s most investable markets, propelled by President Bola Tinubu’s economic reforms, according to the findings of the latest edition of An Investor’s Guide to Africa.

South Africa issued a diplomatic protest against the US ambassador to Pretoria for the second time this year, after he criticized the government in media interviews, News24 reported.

African central banks from South Africa to Egypt are poised to keep their interest rates high for longer, seeking to shield their economies from shocks such as surging energy prices caused by the Iran war and to support their currencies.

The National Bank of Rwanda will likely pause its tightening cycle after delivering more interest-rate hikes this year than any other African central bank in a bid to rein in double-digit inflation.

South Africa’s financial regulators plan to finalize new rules requiring over-the-counter derivatives to be centrally cleared in the next two years to improve transparency and reduce risk.

South Africa plans to list its first credit-guarantee vehicle that’s being established to unlock private investment in infrastructure.

Goldman Sachs Group Inc. and Absa Group Ltd. believe the window for the Bank of Ghana to resume policy easing this year has closed due to fresh inflation pressures from renewed tensions in the Middle East

African policymakers are set to keep interest rates higher for longer as renewed hostilities between the US and Iran fan fresh inflation fears, especially in countries that are net fuel importers.

African economies from South Africa to Kenya bounced back in June and may get a further boost in coming months as the economic toll of the Iran conflict dissipates.

South African President Cyril Ramaphosa urged African leaders and international partners to make good on their $1.5 billion in Ebola assistance pledges.

South African businesses will support the police with drones and helicopters next week when anti-immigrant groups’ deadline for undocumented migrants to leave the country expires.

The conflict is putting billions of dollars in remittances at risk and testing a Gulf economic model built on foreign labor.

South Africa’s central bank governor said policymakers are seeing early signs of second-round inflation effects as underlying price pressures build, emphasizing the need to act.

South Africa’s central bank governor said policymakers are seeing early signs of second-round inflation effects as underlying price pressures build, emphasizing the need to act.

A World Bank initiative to provide electricity to 300 million Africans by 2030 has reached nearly a fifth of its goal, two years after its formation.

Emerging-market central banks are leading a wave of interest-rate hikes as the war in Iran reignites inflation, moving faster than most developed-world peers, which remain on hold to assess the economic fallout.

South Africa’s monthly producer inflation accelerated to a record in April, as higher fertilizer and energy costs tied to the Iran war pushed up prices.

South Africa is poised to join a handful of central banks in raising interest rates to contain the inflationary fallout from the Iran war in coming weeks, even as most peers keep borrowing costs on hold.