Brazil international Estevao completes Chelsea move
Estevao has officially begun life as a Chelsea player, arriving at the club's Cobham training base to join pre-season preparations ahead of the 2024/25 campaign.
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Naomi Osaka cruises into Canadian Open quarters after beating Anastasija Sevastova
Naomi Osaka cruised into the quarterfinals at the Canadian Open after a 6-1, 6-0 demolition of Anastasija Sevastova in a match that lasted just 49 minutes.
Read MoreThree African nations agree to accept deportees from the US. What we know about the secret agreements
Rwanda has become the third African nation to reach an agreement with the Trump administration to accept migrants deported by the United States.
Read MoreSouth Africa’s Pick n Pay reports 4.3% rise in turnover
South African grocery group Pick n Pay on Tuesday reported a 4.3% increase in group turnover, lifted by increased sales at its supermarkets and strong growth at discount chain Boxer, despite challenging consumer conditions.
Read MoreAfrican Markets – Factors to watch on Aug 5
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.
Read MoreRwanda reached deal with US to take in up to 250 migrants, government says
The United States and Rwanda have agreed for the African country to accept up to 250 migrants deported from the U.S., the spokesperson for the Rwandan government and an official told Reuters, as President Donald Trump’s administration takes a hardline approach toward immigration.
Read MoreKenya’s private sector activity contracts in July at steepest rate in a year
Kenya’s private sector contracted at the fastest pace in a year in July as input prices rose and protests disrupted some businesses, a survey showed on Tuesday.
Read MoreNedbank to sell Ecobank stake as focus shifts to Southern and East Africa
South Africa’s Nedbank Group posted a 6% rise in half-yearly headline earnings on Tuesday, while announcing its intentions to sell its 21.2% stake in Pan-African lender Ecobank to focus on Southern Africa and East Africa regions.
Read MoreSouth Africa’s Telkom profit rises on subscriber growth and fibre services
South Africa’s Telkom reported a 6.5% rise in quarterly core profit on Tuesday, helped by subscriber growth and increased use of its “next-generation network” (NGN) offerings as it ditched legacy services.
Read MoreSouth Africa’s private sector grows in July but cost pressures rise, PMI shows
South Africa’s private sector expanded slightly in July marking the third consecutive month of growth helped by renewed sales growth and sustained employment increases, a survey showed on Tuesday.
Read MoreNigeria’s capital inflows surge 67%, boosted by portfolio investments
Nigeria’s capital inflows surged 67% year-on-year to $5.64 billion in the first quarter of 2025, driven by an uptick in portfolio investments and renewed investor interest in the financial services sector, official data showed on Tuesday.
Read MoreSouth African grocery retailer Shoprite plans to exit Ghana and Malawi
South Africa’s biggest grocery retailer Shoprite Holdings said on Tuesday it is selling its operations in Ghana and Malawi, marking another step towards consolidation of its activities across Africa to focus more on its home market.
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