Rand breaks through R16/$ – and may have further to run

Rand breaks through R16/$ – and may have further to run

The commodity-linked rand strengthened on Monday morning, touching R15.99/US$ thanks to record gold prices, while traders awaited the central bank’s first rate-setting meeting this year. The rand briefly moved stronger than the R16 mark at 10.40am SAST. It then retreated slightly and was last quoted at 11.24am at R16.03/$. These are the currency’s strongest levels…

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Africa: Afcon 2025 Breaks New Digital Records With 6 Billion Views

Afreximbank Breaks Ground On Its Iconic Trade Centre and New Headquarters in Egypt’s New Capital

Cairo, Egypt — African Export-Import Bank (Afreximbank), Africa’s leading multilateral financial institution, today marked a historic milestone with the groundbreaking ceremony of the Afreximbank African Trade Centre (AATC) in Egypt’s New Capital, which will also be the home of the Bank’s new global headquarters. Situated in the Diplomatic District of the New Capital, approximately 45…

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Africa: Afcon 2025 Breaks New Digital Records With 6 Billion Views

Africa: Dar Breaks Into Africa’s Top 10 Investment Destinations

Dar es Salaam — TANZANIA has overtaken Kenya as East Africa’s most attractive investment destination, climbing three spots to ninth in Africa, according to Rand Merchant Bank’s “Where to Invest in Africa 2025/2026” report. The leap, up from 12th position last year, reflects institutional investor preference for macroeconomic stability and large-scale, de-risked capital projects like…

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