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Technology

Suriname Engages IMF on Successor Program Ahead of Elections

April 27, 2025April 27, 2025 - by Liam Nguyen - Leave a Comment

Suriname’s officials are meeting with the IMF to discuss a new economic program following the expiration of a $688 million agreement. Finance Minister Stanley Raghoebarsing emphasized the need for a …

Suriname Engages IMF on Successor Program Ahead of Elections Read More
Business

Zambia’s Record-High Foreign-Exchange Reserves Fail to Stabilize Currency

March 21, 2025March 21, 2025 - by Allegra Nguyen - Leave a Comment

Zambia’s foreign-exchange reserves have reached new heights at $4.31 billion; however, the currency struggles due to ongoing drought and increased import demands. The kwacha has depreciated significantly, making it Africa’s …

Zambia’s Record-High Foreign-Exchange Reserves Fail to Stabilize Currency Read More
Business

Codelco Considers I-Pulse Technology to Enhance Mining Operations

March 19, 2025March 19, 2025 - by Sofia Nawab - Leave a Comment

Codelco is exploring a partnership with I-Pulse Inc., led by Robert Friedland, to utilize pulsed power technology for rock fragmentation. This collaboration aims to enhance mining efficiencies and reduce environmental …

Codelco Considers I-Pulse Technology to Enhance Mining Operations Read More
Business

South Africa’s Power-Cut Losses Plummet 83% as Supply Stabilizes

March 18, 2025March 18, 2025 - by Marcus Chen - Leave a Comment

South Africa’s power-cut losses fell by 83% last year due to supply stabilization, with economic losses from outages decreasing significantly. Eskom’s improved maintenance of coal-fired plants contributed to this decline, …

South Africa’s Power-Cut Losses Plummet 83% as Supply Stabilizes Read More
Business / economics

Nigerian Inflation Declines Again, Impacting Interest Rate Decisions

March 17, 2025March 17, 2025 - by Allegra Nguyen - Leave a Comment

Nigeria’s annual inflation has decreased for the second consecutive month, falling from 24.5% to 23.2%. This trend leads to speculations that the Central Bank may pause interest rate hikes. With …

Nigerian Inflation Declines Again, Impacting Interest Rate Decisions Read More
Business / Companies

U.S. Exim Bank Approves $4.7 Billion Loan for TotalEnergies Mozambique LNG Project

March 14, 2025March 14, 2025 - by Allegra Nguyen - Leave a Comment

The U.S. Export-Import Bank has approved a $4.7 billion loan supporting TotalEnergies’ Mozambique LNG project. This financing is critical for the project’s revival after a four-year pause due to militant …

U.S. Exim Bank Approves $4.7 Billion Loan for TotalEnergies Mozambique LNG Project Read More
Business / economics / Technology

Peru Maintains Interest Rates Amid Trade War Uncertainties

March 14, 2025March 14, 2025 - by Carmen Mendez - Leave a Comment

Peru has held its key interest rate at 4.75% while monitoring the effects of global trade wars. Policymakers noted local inflation stability but acknowledged rising global economic risks. Peru’s inflation …

Peru Maintains Interest Rates Amid Trade War Uncertainties Read More
Business / Technology

Microsoft Announces US$297 Million AI Investment in South Africa

March 6, 2025March 6, 2025 - by Allegra Nguyen - Leave a Comment

Microsoft Corporation has announced a US$297 million investment in South Africa to expand its cloud and artificial intelligence capabilities by 2027. This follows a previous investment of 20.4 billion rand …

Microsoft Announces US$297 Million AI Investment in South Africa Read More
Business / Companies / economics / Technology

Kenya’s Inflation Rate Rises Amid Increasing Food Prices

February 28, 2025February 28, 2025 - by Marcus Chen - Leave a Comment

Kenya’s inflation reached a five-month high of 3.5% in February, driven mainly by rising food prices. Core inflation remained steady at 2%, suggesting subdued economic demand. The central bank may …

Kenya’s Inflation Rate Rises Amid Increasing Food Prices Read More
Business / Technology

PIC Explores Private Credit Investment Opportunities in Africa

February 27, 2025February 27, 2025 - by Allegra Nguyen - Leave a Comment

The Public Investment Corporation of South Africa views private credit as a vital growth sector in Africa, directing investments away from equities and private equity toward credit options. With significant …

PIC Explores Private Credit Investment Opportunities in Africa Read More

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