South Africa’s exports to the United States plunged by 27% in March to $634.3 million, down from $874.7 million in February| Finance in Africa
Despite gaining four points in March, the PMI remains below the 50-point threshold, indicating ongoing contraction in the sector.| Finance in Africa
The reversal follows weeks of tension between the African National Congress (ANC) and its main coalition partner, the Democratic Alliance (DA), which opposed the VAT hike both in parliament and in court.| Finance in Africa
Egypt has secured $1.8bn in financing from the International Islamic Trade Finance Corporation (ITFC) since the start of 2025.| Finance in Africa