FX & Consumer Pressure: Nigeria’s naira strengthened for a seventh straight session to about N1,367.76/$, but traders warn fuel-dollar demand could push it back. Rates Watch (South Africa): The SARB held the repo rate at 7%, citing weak growth risks, higher fuel costs and municipal dysfunction weighing on households. Food Prices (South Africa): Consumer food inflation slowed to 1.4% in June, the lowest since 2010—good news for shoppers. Pension Costs (Nigeria): Nigeria’s organised private sector urged FG and PenCom to pause a proposed pension contribution hike, warning of job losses and higher business costs. Shrinkflation Rules (Kenya): CAK says firms can resize products, but must clearly label and disclose changes to avoid misleading consumers. SME & Health Debt (Kenya): Experts link medical bills to loan defaults as borrowing rises; meanwhile Kenya startup funding fell sharply as investors chase profitability. Trade & Ethics (Nigeria/US): The US imposed 10% and 12.5% forced-labour tariffs on multiple countries including Nigeria. Cocoa Accountability (US lawsuit): Lindt faces a US suit alleging child labour in its cocoa supply chain despite ethical claims. Big Energy Move (Nigeria): Dangote Refinery completed a $2.5bn private equity placement to expand refining and petrochemicals. Digital Regulation (Nigeria): Senate hearings backed bills pushing social media firms to open physical offices in Nigeria and support an AI academy. Consumer Safety (Nigeria): NAFDAC begins a crackdown on sachet alcohol and small PET bottles under 200ml.