Britain’s sluggish economy failed to grow in the July-to-September period but at least managed to avoid the start of a recession, figures from the Office for National Statistics showed on Friday. The 0% change in gross domestic product in the…
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From 1 December, Discovery Bank clients using physical credit cards – i.e., plastic – will earn a so-called “base rate” of just 1 Discovery Mile for every R100 spent, regardless of the type of account they hold or their Vitality…
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President William Ruto has announced that Kenya will repay $300 million of its $2 billion Eurobond in December, ahead of its June maturity date. The decision to repay the Eurobond comes after Kenya explored funding options, including seeking support from…
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When you look around Africa, you see several foreign car brands on the roads. It has been like this for years due to the continent’s large dependence on imported cars from Europe, Asia and America to meet its mobility needs.…
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The Africa Development Bank (AfDB) has announced the launch of the Special Agro-Industrial Processing Zones Alliance (SAPZ), a groundbreaking project aimed at mobilizing at least $2 billion in financing and investment commitments from its members and partners over the next…
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China’s exports to Russia held up well in October, China’s customs data showed on Tuesday, bucking the trend of weakening demand for Chinese manufactured goods elsewhere. Chinese shipments to Russia rose 17% to $8.69 billion in October from a year…
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Within the field of macroeconomics, the total government balance is a vital indicator of a country’s fiscal well-being and public financial management. The term “overall government balance” typically refers to the difference between government revenue and government expenditure, taking into…
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Nigeria’s naira NGN=D1 is on the brink of breaching 1,000 per dollar after falling to an official record low of 999 last week, Refinitiv data showed, tracing its weakness on the unofficial market where it trades freely. President Bola Tinubu…
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Saudi Arabia’s non-oil sector witnessed strong growth in October, resulting in a significant rise in employment levels, a business survey revealed on Sunday. A robust increase in new businesses has led to a nine-year high in job numbers. The Riyad…
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MENA debt issuances nearly tripled in value year-on-year (YoY) during the first nine months of 2023 to $61.1 billion, according to data from the London Stock Exchange Group’s (LSEG) Deals Intelligence. However, this was below the value recorded for the…
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