South Africa’s rand holds near 16.02 per dollar as investors await the June leading business cycle indicator and later producer inflation and budget data.
Equinor says Namibia’s offshore PEL 90 in the Orange Basin could hold significant resources as it acquires a 17.4% stake ahead of planned drilling.
Offshore investors sold South African stocks while buying bonds, signalling stronger demand for fixed-income assets amid shifting global market sentiment.
Telecom Egypt joins the FTSE Russell Emerging Markets Index after moving to Mid Cap status, potentially increasing its visibility among global investors.
A circulating video appears to show hundreds abducted after a mosque attack in Niger State, intensifying concern over mass kidnappings in northern Nigeria.
African markets open August 24 focused on oil prices, currencies, Tanzania's hydropower launch, Ethiopia's debt restructuring and Zambia's political risks.
African Rainbow Minerals expects FY2026 headline earnings per share to rise to 1,544–1,682 cents, supported by stronger portfolio performance and gains.
South African mobile operator Cell C reported a 57.4% rise in headline earnings, supported by stronger prepaid revenue and lower debt after restructuring.
Truworths International chairman Hilton Saven will retire at the retailer’s November 2026 AGM, with lead independent director Hans Hawinkels succeeding him.
Uganda’s export earnings rose 11.3% to $1.28 billion in June as surging gold shipments offset a sharp decline in coffee export revenue for the month.