Economy

S&P affirms South Africa rating on government reforms

Cyril RamaphosaRatings agency S&P on Friday affirmed its rating and outlook on South Africa's sovereign debt citing reforms pursued by Cyril Ramaphosa's government

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FAPA and AFAP to support supply and utilisation of fertiliser in Africa

FAPAOn the sidelines of the AfDB’s Annual Meetings in Busan, Korea, the Fund for African Private Sector Assistance (FAPA) donors and the African Fertiliser and Agribusiness Partnership (AFAP) have signed an agreement to support local supply and utilisation of fertiliser by smallholder farmers in Africa

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Higher oil prices to help Angola cut debt: IMF

Angola PresidentThe executive directors of the IMF said higher oil prices should help Angola cut debt and provide the government with cash to make investments in order to reduce its dependence on oil revenues

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Obama Foundation selects Tshimologong’s CEO Lesley Williams

Lesley Williams Tshimologong CEOLesley Williams, CEO of Tshimologong Precinct, Johannesburg’s leading digital innovation hub, has been selected as a member of the inaugural class of the Obama Foundation Leaders: Africa programme

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Low oil production minimised Cameroon’s economic growth in 2017, says IMF

Corinne DelechatOverall economic growth in Cameroon decelerated to 3.2 per cent in 2017, due to a steep decline in oil production despite the gradual rebound in international prices, said IMF’s Corinne Deléchat after concluding visit to Yaoundé from 27 April to 14 May 2018

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