Indices

South Africa's Q4 unemployment rate falls to 31.4%, lowest in five years

South Africa's unemployment rate fell modestly in the fourth quarter, reaching its lowest in over five years as jobs were added in social services, construction and finance, data showed on Tuesday,...

Kenya airport workers' strike called off, Nation Media Group reports

A strike by Kenyan airport workers has been called off after the Kenya Aviation Workers Union reached an agreement with the transport ministry, the Nation Media Group reported on Tuesday. ...

Dangote signs $400 million equipment deal with China's XCMG to speed up refinery expansion

Nigeria's Dangote Group has signed a $400 million equipment deal with China's Xuzhou Construction Machinery Group to speed up the expansion of its oil refinery toward a planned 1.4 million barrels per...

India looks to Middle East, Asia to cushion EU carbon tax blow to steel exports

India is seeking new steel export markets in the Middle East and Asia to offset the impact of the European Union's carbon tax that took effect in January, a government source said. ...

Holiday Inn owner IHG banks on World Cup for US recovery

InterContinental Hotels Group is banking on the soccer World Cup to revive U.S. travel in 2026 after a third straight quarterly drop in room revenues there, though European and Asian demand helped it...

Cocoa stocks from main harvest pile up in Ivory Coast warehouses

Unsold bags of cocoa beans are stacked almost to the ceiling in Sekou Dagnogo's warehouse in Ivory Coast's western Duekoue town, where his cooperative is struggling to sell to exporters following a...

India's chief trade negotiator to visit US next week for talks

India's chief trade negotiator will travel to the U.S. next week to finalise the trade agreement between New Delhi and Washington, Indian trade secretary Rajesh Agrawal said on Monday, adding that...

Worker strike delays flights at Kenya's main airport

Kenya's main international airport was experiencing flight delays on Monday due to a strike by members of the aviation union, operator Kenya Airports Authority said. Nairobi's Jomo...

South African rand softens as markets await jobs data

The South African rand softened on Monday, as investors awaited employment data that could provide a clearer read on the economy's underlying health. At 1506 GMT the rand traded at 15.99...

China to implement zero tariffs on imports from 53 African countries

China will implement zero-tariff treatment for imports from the 53 African countries with which it has diplomatic relations, starting May 1, 2026, state media reported on Saturday. China...

TSX rallies as US inflation data boosts commodity prices

Canada's main stock index rebounded on Friday, led by gains for Magna and commodity-linked shares, as softer-than-expected U.S. inflation data raised prospects of Federal Reserve interest rate...

UK development investment agency to resume joint investments with DP World

The UK development investment agency British International Investment welcomed on Friday DP World's appointment of a new chief executive, saying it would resume investment alongside the Dubai-based...

Malawi aims to bring inflation below 21% this year, president says

Malawi's government aims to bring annual inflation below 21% this year, President Peter Mutharika told parliament on Friday. The donor-dependent Southern African nation has struggled to...

India allows wheat and sugar exports to placate farmers amid US trade deal protests

India's on Friday allowed the export of 2.5 million metric tons of wheat and an additional 500,000 tons each of wheat products and sugar, as the world's second-biggest producer of both commodities...

India explores increased gas use during peak hours to ensure power supply

India is examining whether its under-used gas-fired power plants can be run during peak evening hours to provide flexible generation support as renewable energy expands rapidly, the country's most...

Europe, Asia lead equity fund inflows as US records weekly outflow

European and Asian equity funds drew strong inflows in the week ended February 11 as investors trimmed exposure to U.S. mega-cap stocks on concerns about stretched valuations and rising AI-related...

S.Africa's Ramaphosa pushing ahead with Eskom break-up plan

South Africa will push ahead with breaking up power utility Eskom and creating a standalone company to run the transmission grid, President Cyril Ramaphosa said on Thursday, a key reform being...

Dax Opens Lower as Investors Eye US Inflation Data

The Dax opened lower at the end of the week. The German benchmark index dropped 0.4 percent to 24,770 points. According to Jochen Stanzl of Consorsbank, the Dax is showing that, in an...

US, Taiwan finalise deal to cut tariffs, boost purchases of US goods

Trump administration officials signed a final reciprocal trade agreement that confirmed a 15% U.S. tariff rate for imports from Taiwan, while committing Taiwan to a schedule for eliminating or...