The British pound sank against the dollar Friday on political uncertainty after the resignation of UK Prime Minister Liz Truss, while weak economic data added to the turmoil.

Sub-Saharan African banks are increasingly worried about funding costs, an annual survey published on Wednesday found, as soaring interest rates both on the continent and globally make financing more expensive.

Economists and analysts are predicting a 50 basis point hike to interest rates in November, following two successive hikes of 75bps in July and September.

BNP Paribas SA hired Barclays Plc to sell South African financial-services business RCS, which operates in Namibia, Botswana and South Africa as part of a wider scaling back on the continent, according to people familiar with the matter.

The Zambian kwacha is now stronger than the South African rand.

Eskom on Friday signed land lease agreements with four independent power producers for the commercial lease and use of land at Majuba and Tutuka power stations.

British Prime Minister Liz Truss on Friday dismissed her finance minister, forcing Kwasi Kwarteng to carry the can for turmoil sparked by her right-wing economic platform as restive Conservatives plotted her own demise.

A growing number of African countries has introduced financial market policies related to environmental, social or governance issues, a study said on Thursday, as a global push to invest more sustainably gathers pace.

Hydrogen is used mainly to make chemicals such as fertiliser, and in oil refineries. Most hydrogen in the world today is made from natural gas or coal – methods associated with large carbon dioxide emissions.

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