#Nigeria: The National Economic Council has approved a 90-day economic action plan to ease cost-of-living pressures and improve the transmission of recent macroeconomic gains to households and businesses. #ThinkAfrica
@AfDB_Group This is to help #Botswana mitigate energy price shocks, support fiscal and private-sector reforms, and promote job creation, particularly for women and youth. (2/2) #ThinkAfrica
#Egypt: The government plans to raise the public-sector minimum monthly wage by 87.5% to EGP15,000 (USD268.7) by FY29/30, up from EGP8,000 (USD144), potentially benefiting 4.5m workers. #ThinkAfrica
Following Fridayโs #USD/#ZAR break above key technical resistance at 16.56 to 16.62, our technical system is now flagging a potential shift to 16.75 in the days ahead. #Markets
๐บ๐ธ/ZAR at 16.62 โฌ๏ธ
๐ช๐บ/ZAR at 18.63 โฌ๏ธ
๐ฌ๐ง/ZAR at 22.22 โฌ๏ธ
๐จ๐ณ/ZAR at 2.49 โฌ๏ธ
๐ข๏ธOil at USD115.06 โฌ๏ธ
#Markets
#Mozambique: The government has awarded #Dubai-based Jampur Group a 20-year concession to operate the state owned solar-panel factory in #Beluluane, which has been idle since around 2022. #ThinkAfrica
#Zambia: The government has proposed a second ZMW19.9bn supplementary budget for 2026, following a ZMW26.3bn supplementary budget in April this year, thereby increasing 2026 spending by 18.3% to ZMW299.3bn, up from ZMW253.1bn in the original budget. #ThinkAfrica
#USD/#ZAR has moved back towards 16.51, but the pressure remains relatively contained given the scale of the #oil move, we expect caution to persist in the market as we head into the weekend and see scope for the pair to close around 16.45 for the day. #Markets
๐บ๐ธ/ZAR at 16.54 โฌ๏ธ
๐ช๐บ/ZAR at 18.52 โฌ๏ธ
๐ฌ๐ง/ZAR at 22.12 โฌ๏ธ
๐จ๐ณ/ZAR at 2.48 โฌ๏ธ
๐ข๏ธOil at USD114.34 โฌ๏ธ
#Markets
.@DeBeers has transferred its initial USD73m contribution to the Diamonds for Development Fund, a joint initiative with the #Botswana government to promote economic diversification, industrialisation and job creation beyond the diamond sector. #ThinkAfrica
๐บ๐ธ/ZAR at 16.44 โฌ๏ธ
๐ช๐บ/ZAR at 18.49 โฌ๏ธ
๐ฌ๐ง/ZAR at 22.04 โฌ๏ธ
๐จ๐ณ/ZAR at 2.46 โฌ๏ธ
๐ข๏ธOil at USD111.58 โฌ๏ธ
#Markets
The @GhanaGOLDBOD has announced plans to end the export of raw minerals by 2030 as part of a broader strategy to increase domestic value addition, deepen local refining capacity, and retain a larger share of mineral revenues within the #Ghanaian economy. #ThinkAfrica
#SouthAfrica has indicated it may reopen its market to #Botswana beef exports, subject to agreement on stringent animal disease-control measures to manage #FMD. #ThinkAfrica
#Egypt: Remittances from Egyptians working abroad rose 27.2% y/y in the first eight months of 2026, reaching a record USD34bn between January and August 2026, up from USD27bn in the corresponding period of 2025. #ThinkAfrica