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News
Cocoa prices rise as Ghana eyes higher farmer pay
3+ day, 21+ hour ago (99+ words) Cocoa futures are pushing higher today, as traders react to a proposed 6percent increase in Ghana’s farmgate price for the 2026/27 season. The move is triggering short covering and could put further upward pressure on cocoa prices, as higher producer prices may…...
South Africa seeks clothing sector revival
4+ day, 2+ hour ago (95+ words) South Africa spends R7.5 billion a year on clothing, textiles, footwear and leather products for government — but only 32 per cent is being procured from compliant South African manufacturers. Joining CNBC Africa to unpack what is going wrong and what can be…...
Kenya to get some $400 mln emergency World Bank funds within six weeks, source says
3+ day, 20+ hour ago (370+ words) NAIROBI, Sept 10 (Reuters) – Kenya is expected to receive about $400 million in emergency financing from the World Bank within six weeks to help address risks including an Ebola outbreak in the region and El Niño-related disruptions, a source familiar with the…...
IMF says Angola needs fiscal consolidation to sustain economic stability
4+ day, 1+ hour ago (132+ words) cnbcafrica.com Reach Africa's business leaders, investors and decision-makers. More From CNBC Africa IMF says Angola needs fiscal consolidation to sustain economic stability (Reuters) – The International Monetary Fund said on Wednesday that Angola should pursue fiscal consolidation, prudent monetary policy…...
US says it will help develop Kenya???s critical minerals processing
4+ day, 1+ hour ago (506+ words) NAIROBI (Reuters) – The United States will help Kenya develop a critical minerals processing industry, a senior American official said on Wednesday, against the backdrop of rivalry between China and the U.S. over access to critical minerals. Kenya is considering bids…...
Cordros: Ghana???s macro stability, debt sustainability hinge on continued reform implementation
4+ day, 22+ hour ago (49+ words) Cordros: Ghana’s macro stability, debt sustainability hinge on continued reform implementation cnbcafrica.com Reach Africa's business leaders, investors and decision-makers. More From CNBC Africa Cordros: Ghana’s macro stability, debt sustainability hinge on continued reform implementation Stay ahead of the market…...
Ghana???s economy expands 6% in second quarter, driven by communications sector
4+ day, 20+ hour ago (227+ words) Ghana’s economy expands 6% in second quarter, driven by communications sector CNBC Africa Reach Africa's business leaders, investors and decision-makers. More From CNBC Africa Ghana’s economy expands 6% in second quarter, driven by communications sector ACCRA, Sept 9 (Reuters) – Ghana’s economy grew 6.0% year…...
Will Ghana sustain fiscal recovery in H2???26?
5+ day, 21+ hour ago (106+ words) Data from the Bank of Ghana shows the Ghana’s domestic debt rose about 57 billion cedis between December 2025 and June this year to 391.1 billion cedis, about 24.5 percent of the country’s GDP. Meanwhile, Ghana’s Treasury bill auction was oversubscribed by 51.6 per cent…...
IMF reaches staff-level agreement on extended credit facility with Senegal
1+ week, 4+ day ago (108+ words) The International Monetary Fund Staff and Senegalese authorities have reached a staff-level agreement on key economic policies that could underpin a 36-month arrangement under The Extended Credit Facility of about $2.2 billion to support the authorities' economic and financial reform program…...
South African rand steady as Iran war lifts oil, focus on US jobs data
1+ week, 5+ day ago (218+ words) CNBC Africa Reach Africa's business leaders, investors and decision-makers. More From CNBC Africa South African rand steady as Iran war lifts oil, focus on US jobs data JOHANNESBURG, Sept 2 (Reuters) – The South African rand was steady in early trade on…...