South Africa reforms strengthen fiscal outlook
Moody’s Ratings reports that South Africa’s government debt is poised to stabilize this year before beginning a gradual descent, supported by fiscal discipline and structural reforms. The agency said spending restraint, lower borrowing costs, and improving investor confidence are helping narrow the budget deficit, which is projected to fall from 4.5% of GDP in 2025 […]
Dangote Cement targets secondary listing this year
Aliko Dangote is planning a secondary listing of Dangote Cement in London by September, potentially providing a significant boost to the UK’s struggling capital markets. The $13 billion cement giant, Africa’s largest producer of building materials, aims to sell a 10% stake to international investors to support its goal of reaching 100 million metric tons […]
Mining boom fuels recovery of Africa’s biggest companies
Africa’s 250 largest listed companies have staged a strong recovery, with their combined market value rising 34% to $795 billion after years of volatility driven by the pandemic and weak commodity prices. Mining firms have led the charge, driven by demand for critical minerals from the energy transition and AI revolution, plus surging gold prices. […]
