Economy

Moody's changes outlook on South Africa to stable, halts further downgrade

Cyril RamaphosaMoody's on Friday maintained South Africa's sovereign rating and changed its outlook to "stable" on the expectation that transparency in government functioning would improve under the new President Cyril Ramaphosa

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AfDB pledges full support towards success of continental free trade area

Africa ContnenThe African Development Bank (AfDB) celebrates with Africa and pledges its full support to achieve the success of the recently launched continental free trade area, as part of its strategy to integrate Africa

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Manufacturers Association of Nigeria supports govt move to shun AfCFTA

Nigeria PresidentThe Manufacturers Association of Nigeria said it supports the government's move to not sign the agreement establishing the African Continental Free Trade Area (AfCFTA)

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South African delegation visits DTI trade event in Ghana

Ghana Trade 1A delegation of businesspeople from South Africa will meet their counterparts in Ghana to learn about business opportunities in Ghana and other parts of West Africa as part of an event organised by the Department of Trade and Industry

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Moody’s says Egypt’s movable collateral registry credit positive for banks

Egypt SMEMoody’s said that the launch of a movable collateral registry by Egypt’s Financial Regulatory Authority is credit positive for Egyptian banks which have been mandated to improve lending to risky small and midsize enterprises

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