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Africa

Southern Africa: SADC Outlook Favours Drier Conditions Across Much of Southern Africa During the 2026/27 Rainy Season

eriinfo.com3 days ago05 mins

Swakopmund, Namibia, 27 August 2026: The Southern African Development Community (SADC), through the SADC Climate Services Centre and National Meteorological and Hydrological Services (NMHSs), has released the regional climate outlook for the 2026/27 rainy season, indicating an increased likelihood of below-normal rainfall across much of the central and southern parts of the region, while wetter…

Africa

Africa: Moody’s Affirms AFC At A3 With Stable Outlook

eriinfo.com1 week ago05 mins

Moody’s Ratings affirmed Africa Finance Corporation’s A3 long-term issuer and senior unsecured ratings, citing stronger capital, solid liquidity and stable asset quality as the infrastructure lender expands its balance sheet. The outlook remains stable. Moody’s also affirmed AFC’s Baa3 junior subordinated rating and P-2 short-term issuer rating. The rating agency said AFC’s capital position has…

Oil slides 2% as markets look past fresh Iran tensions and focus on supply outlook

eriinfo.com2 months ago04 mins

Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Elke Scholiers | Getty Images Oil extended declines on Friday as investors monitored developments in the Middle East conflict while assessing whether recent diplomatic efforts would reduce the risk of supply chain disruptions. International benchmark Brent crude futures for August…

Africa

Africa: Rising Petroleum Prices Rattle Africa’s Insurance Outlook

eriinfo.com4 months ago06 mins

Kampala, Uganda — Insurance leaders across Africa are warning of a potential economic slowdown as surging global petroleum prices ripple through key sectors, driving up operating costs, inflation and financial risks because of the US-Israel war against Iran, which began on Feb. 28. Speaking at the 11th Continental Reinsurance CEO Summit in Kigali on April…

China industrial profits surge 15% to start year, but oil price shock threatens outlook

eriinfo.com5 months ago03 mins

An oil tanker unloads crude oil at a terminal at the port in Qingdao, in China’s eastern Shandong province on March 11, 2026. – | Afp | Getty Images Chinese industrial firms saw their profits surge in the first two months of this year as officials pressed ahead with efforts to contain the fallout from…

Canal+ shares crash on weak MultiChoice outlook

eriinfo.com6 months ago03 mins

Sarah Meyssonnier/Reuters French media group Canal+’s warning on Wednesday that subsidiary MultiChoice Group had lost subscribers and would see further revenue erosion, resulted in its shares cratering 23.5% in their worst one-day performance since listing in London 15 months ago. Canal+ acquired MultiChoice in 2025 in a move designed to further its ambition to become…

Canal+ shares plunge on weak MultiChoice outlook

eriinfo.com6 months ago03 mins

Sarah Meyssonnier/Reuters French media group Canal+’s warning on Wednesday that subsidiary MultiChoice Group had lost subscribers and would see further revenue erosion, left its shares on track for their worst one-day performance in history. Its shares were down more than 20% at 2.54pm SAST (12.54pm GMT), their worst day since listing in London 15 month…

Africa

Africa: Communiqué of the 1327th Meeting Held On 26 January 2026 On Consideration of the Half-Year Report of the Chairperson of the AU Commission On Elections in Africa – July to December 2025 and Outlook for 2026

eriinfo.com7 months ago011 mins

COMMUNIQUE Adopted by the Peace and Security Council (PSC) of the African Union (AU) at its 1327th meeting held on 26 January 2026 on Consideration of the Half-Year Report of the Chairperson of the AU Commission on Elections in Africa: July to December 2025 and Outlook for 2026. The Peace and Security Council, Keep up…

Sony reports 22% jump in December-quarter profit, beats expectations and lifts full-year outlook

eriinfo.com7 months ago04 mins

The logo of Japanese entertainment and electronics giant Sony is displayed at the company’s headquarters in Tokyo on May 14, 2025. Kazuhiro Nogi | Afp | Getty Images Sony on Thursday reported a rise in operating profit that beat expectations, supported by favorable foreign exchange rates despite surging memory chip costs. Here are Sony’s December…

Ramokgopa bullish on energy outlook as new projects get green light

eriinfo.com9 months ago06 mins

Electricity minister Kgosientsho Ramokgopa Electricity minister Kgosientsho Ramokgopa is upbeat about the energy sector for next year, saying it has moved from a “crisis” to a “catalyst” for economic growth. While announcing the first stage of the Independent Transmission Projects (ITP) programme and the additional preferred bidders under bid window 7 of the renewable energy…