Q3 GDP Growth Slips to 0.5% as South Africa’s Economy Slows Further: Africa newsroom update. Markets opened to a softer print as South Africa Q3 GDP edged up 0.5%. The headline says it cleanly. South Africa economic growth cooled, and the South Africa economy’s slow tag felt accurate on trading floors. Cool morning air in […]
The recent Foreign investment news in Congo showcases a recent surge of foreign investment in the mining, energy, and infrastructure sector. The Democratic Republic of Congo (DRC) has remained one of the key global supply chains as the world demands more and more cobalt, copper, and lithium. The increasing confidence of investors in the economic […]
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 Fertilizer Plant was opened in Lagos, Nigeria’s commercial capital, on Tuesday, the country’s leader said that the country “stands to […]
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 to cut down on corruption as a condition for getting the money. According to the World Bank, Kenya should build […]
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 a new President, which had been expected for more than a year. There had been no news from the Somali […]
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 are protesting against Kenya Power’s plan which has been decided upon as the company wants to cut the cost so […]
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 run. The headquarters of the business is in San Francisco but the business is based out of Lagos. Last year […]
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 is causing a huge loss to the investors, taking the country further down in the parameter of ease of doing […]
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 that the African nation needs deep economic reforms to sustain things further. The concern was generated by the outgoing IMF […]
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 annually, under National Minimum Wage (NMW) Act. After that, the minister of Employment and Labour, Thulas Nxesi, determines whether an […]
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 and exploits a number of palm trees. Some were passed down from his father, who introduced him to the sport […]
South Africa -Cryptocurrencies have opened up the market of investors for their diverse and accessible nature. And for this very reason, they have raised the scope of scrutiny by governments and regulators. South Africa’s anti-money laundering and counter-terrorist financing measures were recently assessed in a report by National Treasury. The report was compiled through collaboration […]
Africa – A total of 110 doses of the Moderna covid 19 vaccine will be delivered to Africa. On the world’s least vaccinated continent, this has been dubbed a breakthrough. Moderna said Tuesday that it expects to provide the first 15 million doses by the end of this year, followed by 35 million in the […]
Virginia – The company of the 1970s has now stepped into making its mark in the field of renewable energy as it is being seen as the largest emerging company to harness the power of natural gas and helium in Africa. Indeed, Renergen is almost ready to start producing both natural gas and helium, placing […]
Zimbabwe – A report by a reported financial institution warned Zimbabwe of a crackling economy in the coming months. The African nation’s economy is continuously falling and there are lingering dangers especially after the US dollar is being proffered over the local currency to make transactions. The country’s main business group announced on Wednesday that […]
Nairobi – On Sunday, the International Consortium of Investigative Journalists, a Washington, DC-based network of reporters and media organizations, disclosed financial data that revealed a relationship between international leaders and hidden wealth. The records include 35 current and previous national presidents, as well as 330 parliamentarians, and are based on data from 91 countries. Kenyan […]
Nigeria – In Nigeria, the government has launched a drive to revive the country’s once-thriving palm oil business. It is one of the finest sectors to diversify away from petroleum and help create jobs. However, it becomes a problem when loans for small-scale producers go into the pockets of bigger factory owners. Nigeria is the […]
The African Continental Free Trade Area (AfCFTA) agreement is a distinct game changer for Africa. It is a driven trade agreement that frames the world’s most significant free trade area by joining nearly 54 African nations. On 21 March 2018, the African Union (AU) settled the agreement and was signed by 44 member states in […]
The lifting of the European Union’s ban on the import of fruits and vegetables from Ghana has boosted big investments in modern agricultural methods by farmers in the African nation. In recent years, Ghanian farmers have worked on improving their food production with the aim of expanding their farming activities to countries across the world. […]
Covid-19 has disturbed food suppliers around the world. As per a new survey by Agribusiness Olam International, farmers across the globe are suffering harsh repercussions due to the pandemic. It is one of the world’s largest suppliers of coffee, cotton, cocoa, and rice. Olam’s survey covers nearly three and a half thousand farmers and has […]