What’s trending

Ghana’s presidential elections, world’s highest grade platinum mine and more

Business and economic headlines from around Africa

Early (unofficial) reports from Ghana media stations are that the country’s main opposition leader, Nana Akufo-Addo, is projected to win the presidential election.

Morocco will issue its first ever Islamic bond in the domestic market in the first half of 2017, the finance minister said on Thursday.

Nigeria’s central bank 2016 lending to the federal government is expected to exceed 50 per cent of the previous fiscal year’s revenue — above the legal 5% limit.

South Africa’s current account deficit widened to 4.1 percent of gross domestic product in the third quarter of 2016 from a revised deficit of 2.9 percent in the second quarter, the central bank said on Friday.

Congo Republic expects oil output to rise to some 300,000 barrels per day in 2018, up from around 250,000 bpd now, partly due to a new deep offshore field due to come online next year,

Corporate news

Sibanye Gold Ltd. will buy Stillwater Mining Co. in a $2.2 billion deal that would see the South African miner take charge of the world’s highest-grade deposit of platinum-group metals.

Electricity distributor Kenya Power plans to spend $2.17 billion (Sh219.1 billion) the implementation of capital intensive projects in the next five years.

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