The Global Minimum Tax Act which requires large multinational enterprises (MNEs) operating in the nation to pay a global minimum corporate tax rate of 15% was formally signed into law by South Africa in a…
Business confidence index in South Africa drops to…
A South African business confidence index dropped in May, reaching its lowest level since September 2020 on various factors which include lower trade volumes, higher financing costs and power cuts. The business confidence index of…
South Africa eager to engage in bilateral cooperation…
A senior minister stated on Sunday that South Africa is more than willing to work with the CII India Business Forum (IBF) and appropriate local ministries to expand bilateral collaboration. He praised Indian enterprises for…
Tanzania has signed a natural gas agreement with…
Tanzania has signed a framework deal with Equinor of Norway and Shell of the United Kingdom, bringing them one step closer to breaking ground on a $30 billion liquefied natural gas export project (LNG). The…
South Africa is continent’s startup powerhouse, with the…
Disrupt Africa's datasets, skills, and networks are used in the South African Startup Ecosystem Study 2022, the company's 17th publication and second country-focused report, to detail what startups are doing in the country, who is…
Bilingual instruments that are reliable for intra-Africa business
Dr. Dare Arokoyo, until recently associate professor and provost of the School of Continuing Education at the Houndegbe North American University in Benin Republic, has written two books, or more appropriately, language communication manuals, for…
A step-by-step guide to buying a house in…
It should come as no surprise that buying a home is a lengthy process because it is one of the most substantial expenditures you will ever make. While it may appear intimidating at first, you…
A stampede during a Nigerian church food gathering…
A stampede killed more than 30 people in southern Nigeria on Saturday during a crowded church charity function where food was being distributed. After the disaster in Port Harcourt, in southern Rivers State, when people…
Civil society urges the government of Gambia to…
Following a long-awaited official declaration on the issue, Gambian civil society organizations have called on authorities to bring former dictator Yahya Jammeh to justice. The government has until May 25th to make a decision on…
Zambia receives assistance from China in resolving its…
President Hakainde Hichilema has praised China for agreeing to participate in the IMF's Zambia debt restructuring process and joining other creditors. During a press conference at the Statehouse in Lusaka on Monday, Hichilema stated that…
Nigeria opens the largest fertilizer plant in Africa
Nigerian President Muhammadu Buhari has opened a $2.5 billion fertilizer plant with the goal of contributing to global supplies amid the impact of rising prices in the aftermath of the Russia-Ukraine conflict. When the Dangote…
Kenya will get $750 million from the World…
Kenya has been accepted for a $750 million loan from the World Bank to help finance its budget until 2022. Kenya would have to make the changes in its public procurement procedures that were meant…
There is still no date set for Parliamentary…
Somalia -Somalia missed the deadline for holding elections for the Lower House of Parliament on Tuesday (15 March), causing yet another delay in the election process that was supposed to result in the appointment of…
Kenya: Workers in power generation threaten to strike…
Kenya - Kenyan workers who are working in power generation have threatened to strike after it was announced that as many as 2,000 staff or 20% of the company's workforce will be laid off. They…
Africa: Flutterwave’s valuation triples in a year
An African fintech company flutterwave has raised $250 million in a series D round recently which has tripled the company’s valuation and taken the total value at $3 billion in just one year of its…
Nigeria to work harder to establish businesses after…
Nigeria is one of the African countries which is moving in the correct direction when it comes to development and progress. But despite hard attempts, the government is failing to establish successful businesses and that…
Outgoing IMF envoy criticizes Tunisia’s economic plans
It is not more hidden that Tunisia is not just suffering politically but having a toss on economic grounds as well. The International Monetary Fund highlighted the weak economic planning of the country recently saying…
South Africa might bring in higher wages
South Africa - South Africa’s Department of Employment has proposed a new target of minimum wage in the country in 2022. The National Minimum Wage Commission is responsible for assessing and reviewing the minimum wage…
In the Central African Republic, palm wine benefits…
Africa - The Central African Republic's Kapou village has a reputation for producing significant quantities of palm wine. This activity has been the main source of revenue for young and old for decades. Philemon owns…
