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JOHANNESBURG: The South African rand strengthened against the dollar on Monday. A softer US currency helped offset fading hopes for a near-term interest rate cut by the Federal Reserve. At 1448 GMT,

LONDON: Commodity trader Glencore has pulled significant cobalt stocks from China’s Wuxi exchange to meet commitments to electric-vehicle battery makers. Two sources familiar with the matter said the move comes due to

ABUJA: Nigeria’s headline consumer inflation slowed marginally in February, reaching 15.06 percent year-on-year from 15.10 percent in January. The National Bureau of Statistics released the data on Monday, confirming the 11th consecutive

African billionaires are becoming wealthier as economic conditions across the continent gradually improve. In recent years, stronger stock markets, stabilizing currencies, and expanding industries have pushed the fortunes of the region’s richest