Morning boats leave a quiet Pacific inlet, diesel hum in the air, gulls loud and nosy. News travels fast there. The $24.5M Grant from Bezos Earth Fund to Launch First Cross-Border Marine Biosphere Reserve in Latin America sets a clear signal. A large, practical step. Not theory. And yes, it anchors the phrase many groups […]
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 escalating probe into the banking enterprise has fingered one of the country’s biggest banks as being part of a giant community in which nearby financial establishments have been involved in dodgy dealings. The investigation showed that Standard Bank, one of the country’s leading lending institutions, used to be possibly concerned in unscrupulous transactions well […]
This pandemic has caused sizeable disruptions on economies leading to quite a few agencies – massive or small – going below amid Covid-19-induced lockdowns. As startups confront unprecedented times, many are questioning of taking dramatic steps to stay afloat and have been touted as the key to monetary recovery. Plug into AWS In these remarkable […]
When modern versions of African tech ecosystems started out taking structure a decade ago, the big, existential question used to be about where investment would come from. As successive years of record-breaking funding signaled investor conviction in the promise of the continent’s startups, the topical focus quickly shifted with greater scrutiny paid to simply how […]
Africa faces a difficult choice as infections and fatalities are rapidly rising; does it welcome back international flights that originally brought COVID -19 to the ill-prepared continent, or continue restrictions on flights and further hurt their economies in addition to limiting a lifeline for badly needed humanitarian aid? We speak to economic expert Martin Luther […]
The Ports Regulator of SA Tribunal expressed grave challenge about the stance adopted by way of the Transnet National Ports Authority (TNPA) at the Port of Saldanha in that it regarded to have decreased itself to a miniscule player that would with ease mulct itself in the dust of a aggressive arena. The Tribunal made […]
The government is set to dip into its own pocket to bail out SAA and retailer the struggling airline from liquidation while asking quite a number lenders to finance the R2 billion retrenchment process. The Department of Public Enterprises (DPE) on Friday established that it would existing an Adjustment Appropriation Bill in Parliament to reprioritise […]
Comair on Friday surpassed another great waypoint en route to returning to the skies when the giant majority of creditors and shareholders voted to adopt the business rescue plan. The company stated on Friday that in terms of the commercial enterprise rescue format the favored investment consortium, comprising a range of former Comair board members […]
All aboard the famous South African Franschhoek Wine Tram back on track following a six-month hiatus due to strict sanitary regulations in light of the Covid-19 pandemic — as was the case with many businesses across the globe who saw their activity shut down or negatively impacted by the global coronavirus health crisis. David Blyth, […]
On a peninsula east of Lagos, 30,000 employees are employed on a task that holds out the promise of transforming Nigeria’s economic fortunes. It’s right here that Aliko Dangote, Africa’s richest man, plans to spend greater than his internet really worth of $13.5 billion building one of the world’s largest oil refineries. If he succeeds, he should […]
The coronavirus pandemic may want to convey tremendous modifications to Africa’s economies even if output shrinks by means of as tons as 10% this year, in accordance to a new investment report. There are already signs that the continent will be disproportionately hit by way of the outbreak that has raised dangers and worsened the […]
Kenya Airways stated it will resume business passenger flights to Ghana and Sierra Leone on September 16 and to Liberia on September 17. The flag carrier stated in an advertisement in the Daily Nation newspaper that it will fly 4 instances a week to Accra and twice weekly to Freetown and Monrovia. In West Africa, […]
Telkom investors have snubbed the board’s request for a regularly occurring authority in the issuance of shares in the telecoms corporation for cash on the grounds the pass could dilute current shareholding structure. The shareholders advised the company’s annual popular meeting the request would affect the group’s contemporary flat share price. The decision failed to […]
The payments for the new and high-quality applications for the Covid-19 TERS remedy benefits have been halted while the Department of Employment and Labour and the Unemployment Insurance Fund (UIF) improve controls as urged by means of the Auditor-General (AG) of South Africa. The Department said in a assertion this transient halt would allow the […]
Kenya’s hospitals are seeing 50-60% fewer medical institution visits due to the covid-19 pandemic. A Kenyan company has developed a smartphone software that allows sufferers to get the remedies they need. Starting at US$10 per consultation, patients can see a medical doctor inside 20 to 30 minutes of their request. – Trade tensions between Ghana […]
Ethiopia has set a new deadline of February 2021 to whole the partial privatisation of the country’s telecommunications industry, with carriers such as Orange SA eager to increase into a market of extra than 100 million people. Prime Minister Abiy Ahmed’s administration is looking to auction two new mobile-network licenses and promote a minority stake […]
LABAT Africa has taken every other step ahead in its ambition to grow to be a leading cannabis healthcare corporation by getting into negotiations to acquire a South African Health Products Regulatory Authority-licensed hashish developing crew in the Eastern Cape. Labat said in a declaration the previous day that it had been granted a 60-day […]
South Africa’s economy, the most industrialised in Africa, collapsed by using 51% between April and June in light of the Covid-19 pandemic, according to the country’s information agency. An unheard of decline in GDP used to be anticipated as the countrywide lockdown on March 27th imposed to curb the unfold of the new coronavirus, noticed […]
African Bank stated on Monday that it had entered into an R8 billion help arrangement with its shareholders to re-enter the South African wholesale funding market. The bank, which is a one hundred percentage subsidiary of African Bank Holdings Limited (ABHL), said the support amenities would be supplied over a length of three years and […]