Zambia, Africa’s second-biggest copper producer, will use larger-than-expected mining revenues to start a stabilization fund this year, a senior treasury official said, ensuring the government has a buffer when a red-hot rally in the metal fades.

Zambia, Africa’s second-biggest copper producer, will use larger-than-expected mining revenues to start a stabilization fund this year, a senior treasury official said, ensuring the government has a buffer when a red-hot rally in the metal fades.

Mozambique is navigating a fiscal crisis and has built up debt-servicing arrears with a raft of bilateral and multilateral lenders, the International Monetary Fund said, painting a bleak picture of the southeast African nation’s battered economy.

Mozambique is navigating a fiscal crisis and has built up debt-servicing arrears with a raft of bilateral and multilateral lenders, the International Monetary Fund said, painting a bleak picture of the southeast African nation’s battered economy.

Zambia’s state mining company is developing plans to start trading commodities to capture more value from building competition over the country’s mineral wealth.

Zambia will begin talks with the International Monetary Fund about a new economic program “almost immediately,” but they will only be finalized after general elections set for August, the nation’s finance minister said.

Volkswagen AG said a plan to start producing a new pick-up truck in South Africa will hinge on improved tax breaks and other incentives to boost the industry.

An estimated 300 people have died in extreme flooding across parts of southern Africa, including a one-in-50-year event that researchers said was worsened by climate change.

TotalEnergies SE formally restarted construction of a $20 billion liquefied natural gas project in Mozambique, ending a nearly five-year delay in developing one of Africa’s biggest-ever investments.

Mozambique’s central bank extended its longest rate-cutting cycle, lowering its benchmark to a record low, while signaling that there is limited scope for further easing.

Mozambique’s central bank extended its longest rate-cutting cycle, lowering its benchmark to a record low, while signaling that there is limited scope for further easing.

Zambia’s dollar bonds due 2053 plunged after the International Monetary Fund cut key metrics that signal lower chances of the copper-rich nation paying more to investors.

China is lending less to Africa than it collects in repayments, redefining its relationship with the continent toward trade, smaller-scale investment and wider use of its currency.

Chery Automobile Co., China’s top car exporter, agreed to buy Nissan Motor Co.’s vehicle-manufacturing plant in South Africa, the latest evidence of the growing global dominance of Chinese brands.

Zambia has more than quadrupled the cap on local-currency bonds that foreign investors can buy, a move that may reduce rollover risk as about $1.16 billion in debt payments fall due this year.

Zambia has more than quadrupled the cap on local-currency bonds that foreign investors can buy, a move that may reduce rollover risk as about $1.16 billion in debt payments fall due this year.

A Zambian energy trader plans to build a $100 million power-transmission line to neighboring Tanzania — the first such connection — to help boost electricity supplies to copper mines seeking alternative energy sources.

Mozambican President Daniel Chapo canceled a trip to the World Economic Forum in Davos after the worst flooding in decades in the southeast African nation killed more than 100 people and damaged or destroyed tens of thousands of homes.

Mozambican President Daniel Chapo canceled a trip to the World Economic Forum in Davos after the worst flooding in decades in the southeast African nation killed more than 100 people and damaged or destroyed tens of thousands of homes.

South Africa shut its flagship Kruger National Park after the worst flooding since at least 2000 inundated large areas of the reserve, underscoring the severity of a regional disaster that has killed dozens in the northeast of the nation and neighboring Mozambique.