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South Africa’s Reserve Bank has urged inter dealer brokers to prioritise quoting linear derivatives using the South African Rand Overnight Index Average or ZARONIA, over the well known Johannesburg Interbank Average Rate or JIBAR. 

South African Rand Overnight Index Average launched 

City of Cape Town has received a ratings upgrade from Moody’s with a stable outlook. 

Moody’s upgrades Cape Town’s credit rating

Africa’s electric vehicle market is growing despite power connectivity challenges the continent continues to face. Kenya, is leading the charge in the East African region with an ambitious plan to boost access and charging stations.

Investing in Kenya’s e-mobility sector

Rwanda’s market activity remained on the high majorly driven by strong performance by the Bralirwa stock as market turnover increased to 62.8 million Francs as of last week.

Rwanda market watch

Oil prices fell over one per cent today after eight OPEC+ countries agreed to accelerate oil production for a second consecutive month to 411,000 barrels per day in June, raising total combined hike for April, May and June to 960,000 barrels per day.

Oil prices fall after OPEC+ output hike

As more first quarter results from listed banks trickle in, analysts at Cordros Securities believe profit-taking in bank stocks may persist as investors adjust their expectations.

Will profit-taking in Nigerian banks persist?

Nigeria’s non-oil export sector recorded a 24.75 per cent increase in the first quarter of 2025, with cocoa Beans accounting for 45 per cent of total non-oil exports. 

Cocoa price surge: How can Nigeria cash in?

Fitch says despite the introduction of US tariffs, it maintains a 4.2 per cent economic growth forecast for Ghana this year, noting that the adverse impact from global trade tensions will be offset by the rise in gold prices. 

GSS: Ghana aims to rebase GDP every 5 years 

Nigeria's Federal Competition and Consumer Protection Commission says the fine issues to tech giant Meta were as a result of thorough investigations conducted between May 2021 and December 2023. 

Are African regulators equipped to hold big tech accountable? 

South Africa’s April new-vehicle sales delivered an unexpected boost, with a sharp 16.9 per cent year-on-year jump - a welcome surprise in a climate of high interest rates and constrained consumer spending. 

Revving up SA’s car market: Consumers turn to Chinese auto brands

South Africa's Swazi Tshabalala says the African Development Bank requires what she called bold reforms to enable it to become the instrument of change Africa's requires. She joins CNBC Africa for more. 

Swazi Tshabalala guns for AfDB top job 

The Transformation Fund's mission to support black-owned enterprises took center stage at a Business Breakfast attended by Deputy President Paul Mashatile at the Freedom Park Heritage Site and Museum in Pretoria.

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