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S&P Cuts Senegal Credit Rating To ‘CC’ On Debt Restructuring Plan.

S&P Global Ratings cut Senegal’s long-term foreign-currency sovereign credit rating to “CC” from “CCC+” and its local-currency rating to “CCC” from “CCC+” on Friday, citing the government’s plan to restructure…

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Kenya Public Wage Bill Projected to Rise to Sh1.287 Trillion ($9.9 Billion) in 2025/26, SRC Says.

Kenya’s public wage bill is provisionally projected to rise to Sh1.287 trillion ($9.9 billion) in the financial year 2025/26 from Sh1.247 trillion a year earlier, the Salaries and Remuneration Commission…

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Egypt Seeks Expanded AIIB Investment in Energy, Transport and Logistics.

Egyptian President Abdel Fattah al-Sisi urged the Asian Infrastructure Investment Bank (AIIB) to expand investment in Egypt into energy, transport, ports and logistics during talks with the bank’s president, Zou…

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FSCA Debars Africa Bitcoin Executives Over Altvest Share Price Manipulation.

South Africa’s financial regulator has fined and debarred three executives linked to Africa Bitcoin Corporation for 20 years over Altvest share price manipulation, imposing combined penalties of 10 million rand…

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Dangote Says Refinery IPO to Open Within Two Weeks, Targets $5 Billion.

Nigerian billionaire Aliko Dangote said on Thursday the initial public offering of his oil refinery, Africa’s largest, will open within the next 10 to 12 days, in what is set…

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Wall Street Expands Crypto Infrastructure as Banks Build Tokenized Finance Systems.

Major financial institutions are expanding crypto infrastructure through tokenization, digital-asset custody and blockchain-based settlement systems, as banks seek to integrate digital assets into traditional financial markets. The shift is moving…

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Safaricom Ethiopia Surpasses 15 Million Subscribers Five Years After License Award.

Safaricom Ethiopia said on Thursday it has surpassed 15 million active subscribers, marking five years since it received Ethiopia’s first full-service unified telecom operating license. The company received its license…

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Rocket Money Launches AI Agent Rowan to Manage Bills and Savings by Text.

Rocket Money, the personal finance unit of Rocket Companies (RKT.N), said it has launched an artificial intelligence agent called Rowan that can monitor users’ spending, negotiate bills and move money…

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Over 2,000 CEOs, World Leaders to Gather in New York for Unstoppable Africa 2026 Investment Summit.

More than 2,000 African and global business leaders, alongside several heads of state, will meet in New York on September 20-21 for Unstoppable Africa 2026, an investment summit aimed at…

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Opay Weighs Lagos Listing Alongside Planned $4 Billion U.S. IPO.

Nigerian fintech OPay is considering a listing on the Nigerian Exchange (NGX) in addition to a previously reported U.S. initial public offering that could value the company at about $4…

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