Egypt's annual urban inflation accelerated to 14.9% in July from 14.3% in June, as price pressures persisted despite a monthly decline in food prices.
Egypt’s Urban Inflation Accelerates to 14.9% in July as Price Pressures Persist
A drone crashed into an untreated naphtha tank at Libya’s Zawia refinery, causing a leak that staff brought under control, with no fire or casualties.
Fitch Ratings affirmed Uganda's long-term foreign-currency issuer default rating at 'B' with a stable outlook amid fiscal and external financing pressures.
Sasol purchased 1 million barrels of Nigerian crude for September delivery as West African oil differentials held steady amid firm Asian refinery demand.
The South African rand strengthened as rising gold prices supported the currency, while markets awaited U.S. jobs data for signals on interest rates.
ATIDI aims to double its capital base to $2 billion within two years, expanding guarantees designed to attract private investment into African infrastructure.
South Africa has secured a $500 million AIIB loan to strengthen climate-resilient urban services, marking the bank's first investment in the country.
African markets face a busy August 7 as investors track inflation, oil prices, currencies, trade deals, company earnings and the U.S. jobs report.
Kenya's East African Breweries posted a 43% rise in full-year pretax profit to 27.66 billion shillings as net sales climbed 13% across its markets.
Algeria's OAIC bought 540,000 to 720,000 metric tons of milling wheat in an international tender, with shipments scheduled from September to October 2026.