Monique Vanek

South African President Cyril Ramaphosa appointed Lekgoa Mothibi as the nation’s new chief prosecutor, elevating him to a pivotal role in the fight against entrenched graft and organized crime.

The Democratic Republic of Congo is poised to overtake Ethiopia to become sub-Saharan Africa’s fifth-largest economy this year, the International Monetary Fund said, buoyed by a mining boom and a strengthening currency.

Buoyed by a mining boom and a strengthening currency. The Democratic Republic of Congo is poised to overtake Ethiopia to become sub-Saharan

The South African Reserve Bank will likely raise interest rates at its next two meetings to rein in inflation that’s set to surge because of energy supply-side shocks caused by the war in Iran, BNP Paribas said.

African ports are capturing only a fraction of shipping rerouted around the continent’s southern tip after the closure of the Strait of Hormuz, underscoring their limited ability to turn global trade disruptions into gains.

Underscoring their limited ability to turn global trade disruptions into gains. By Monique Vanek, Bloomberg ·

The vessels that do stop are choosing smaller, more nimble harbors.

South Africa is poised to join a handful of central banks in raising interest rates to contain the inflationary fallout from the Iran war in coming weeks, even as most peers keep borrowing costs on hold.

Iran war disruptions and higher fuel costs may push the Sarb toward its first increase since May 2023. By Monique Vanek, Bloomberg ·

Emerging-market central banks are leading a wave of interest-rate hikes as the war in Iran reignites inflation, moving faster than most developed-world peers, which remain on hold to assess the economic fallout.