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Top Financial Afrik News

OMAN INVESTMENT AUTHORITY REPORTS USD 4.1 BILLION PROFIT FOR 2024, RANKS AMONG TOP 10 GLOBAL SOVEREIGN FUNDS
Oman · Oman

OMAN INVESTMENT AUTHORITY REPORTS USD 4.1 BILLION PROFIT FOR 2024, RANKS AMONG TOP 10 GLOBAL SOVEREIGN FUNDS

79% Center coverage: 14 sources
MUSCAT, Sultanate of Oman, July 2, 2025 /PRNewswire/ -- Oman Investment Authority (OIA), the Sultanate's sovereign wealth fund, closed 2024 with US $53bn in assets under management and a US $4.12bn net profit, enabling a US $2.1bn transfer to the…See the Story
Kibali, Africa's Largest and Greenest Gold Mine, Continues to Deliver Growth
Gold · Democratic Republic of the Congo

Kibali, Africa's Largest and Greenest Gold Mine, Continues to Deliver Growth

62% Left coverage: 13 sources
All amounts expressed in US dollars KINSHASA, Democratic Republic of Congo, July 02, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) – Drilling results from the ARK-KCD corridor continue to strengthen confidence in its scale and continuity, demonstrating the potential to host significant additional orebodies and further extend the life of mine at Kibali, Africa's biggest and greenest gold mine. Speaking at a media briefing …See the Story
Kenya's Business Activity Shrinks for Second Month - Stanbic Pmi
Tourism · Kenya

Kenya's Business Activity Shrinks for Second Month - Stanbic Pmi

67% Left coverage: 3 sources
Nairobi -- Kenya's private sector activity declined for the second consecutive month in June, reflecting mounting pressure on businesses amid a challenging economic environment.See the Story

Morocco bets on video game industry to provide jobs and diversify economy

Coverage: 2 sources
Morocco Economy · MoroccoSee the Story

ECOWAS Bank Approves €174m for Investment, $125m to Boost Trade

By Rukayat Moisemhe  The ECOWAS Bank for Investment and Development (EBID), development finance institution of the Economic Community of West African States (ECOWAS), has approved funding to boost trade, strengthen infrastructure and support social development in the region. The bank, on Thursday in Lagos in a report from its 92nd ordinary session, signed by its Head, Communication and External Relations Unit, Anita Somda.According to EBID, it a…Trade · LagosSee the Story

Senegal: Call for Tender for Cfaf 175 Billion in Public Securities

As part of its strategy to mobilize resources in the regional market, the State of Senegal, in collaboration with UMOA-Titles, is making a tender for the issuance of Treasury bills and bonds. The transaction covers a total amount of CFA francs 175 billion, with a value date set at 4 July 2025. Three types of securities are offered to investors. These are, first, Treasury Bonds (TABs), for a duration of 364 days, with pre-counted interest. These …Finance · SenegalSee the Story

Tanzania: Bot Cuts Key Policy Rate to Meet Liquidity Demand

Coverage: 2 sources
Dar es Salaam -- THE Bank of Tanzania (BoT) has cut its benchmark interest rate by 25 basis points to 5.75 per cent for this year's quarter three, down from 6.0 per cent in the previous quarter, citing stable inflation expectations.Central Bank · TanzaniaSee the Story

Rating: Bloomfield Investment Maintains the Long-Term and Short-Term Notes of Fidelis Finance Burkina Faso Unchanged

Bloomfield Investment has maintained unchanged the long-term and short-term ratings of Fidelis Finance Burkina Faso, a financial institution specializing in leasing, which it had awarded it a year earlier, announced the leaders of this rating agency based in Abidjan. The long-term rating thus remains A with...Burkina Faso · Burkina FasoRead Article

Egypt: Orascom Investment to Acquire All Misr Entertainment Investments Shares · Global Voices

On July 1, 2025, Orascom Investment Holding (OIH) announced the approval of the acquisition of 100% of the shares of Misr Entertainment Investments, including its subsidiaries, as well as all the interests held by its principal shareholder in these subsidiaries. The operation, which totals £502.03 million (approximately £10.68 million) of the total amount of...Cairo, Egypt · CairoRead Article

Cameroon: 82% of Budgetary Revenue Collected in the 1st Quarter 2025

According to the medium-term economic and budgetary programming document 2026-2028, the basis for the Budget Policy Debate (BOD) which the government is about to submit to Parliament, on forecasts of CFAF 1.834 billion (USD 3.22 billion) in the first quarter of 2025, the government states that it has mobilized budgetary revenues of 1.507 billion.Cameroon · CameroonRead Article

Biya regime plans $1.16 bln international loan in 2026 despite credit downgrade – Cameroon Concord News

Cameroon plans to secure a “major external loan” of 650 billion CFA francs, approximately $1.16 billion, in 2026, according to an official document. The specifics of the transaction, which requires approval through the national budget law, have not yet been disclosed. It remains unclear whether the financing will come from international banks, multilateral institutions, partner nations, or through a bond issuance on public or private global capi…Cameroon · CameroonSee the Story

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