Ghana's finance ministry said that Moody's decision to downgrade its credit rating was made by omitting key information and revealed an institutional bias against African economies.

Corporation plans to ramp up its new investments in Africa to US$10 billion annually in support of businesses that it sees helping to drive economic recovery and growth on the continent.

Global brand research group Brand Finance has published its 2022 Global 500 Banking report – ranking the most valuable banks in the world, including seven banks from South Africa.

African tech still grew faster than any other region with two times the activity of last year and more than three times the amount invested, reaching $5.2 billion (R80bn), according to a Partech Africa's annual report on VC Funding for African Startups.

Global food prices jumped toward a record last month, further adding to the surging cost of living for consumers.

Credit Suisse Group AG will refer its private banking clients to Barclays Plc in nine African markets as the Swiss lender exits most of the sub-Saharan region.

Mark Zuckerberg lost US$29 billion (R442 billion) in net worth on Thursday as Meta Platforms Inc's stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add US$20 billion (R305 billion) to his personal valuation after Amazon's blockbuster earnings.

Discount retailer Pepkor has breached the largest economy in South America, announcing on Thursday that it acquired a controlling stake in the Brazilian-based clothing retailer Grupo Avenida.

Moody's is planning to acquire a 51% majority stake in Africa's leading credit ratings agency, Global Credit Rating (GCR). The US-based firm is one of the 'big three' western agencies, controlling about 95% of the international ratings business.

Another African country joined the crypto regulation’s bandwagon, and this time is Botswana, which passed a bill to regulate digital assets trading.

Joomla! Debug Console

Session

Profile Information

Memory Usage

Database Queries