Africa Business News – Read economic news today, South Africa business updates, and latest economy trends and developments.
President Bola Tinubu has changed his mind on how much Nigeria should borrow abroad. The Nigeria $7.7 billion borrowing request, sent to the Senate on Wednesday, replaces an earlier plan for $20.52 billion and €1.045 billion. Senate President Godswill Akpabio read the new letter during plenary and confirmed it supersedes the October 27 proposal. The […]
Walk through any major African city at dawn and you will see an economy already at work. Waste-to-Wealth in Africa is not a slogan invented for conference stages. It is the woman sorting plastic bottles at a dumpsite in Nairobi, the young man pushing a cart of scrap metal through Lagos traffic, and the entrepreneur […]
The Financial Sector Conduct Authority (FSCA) has empathically warned the general public against trading with unauthorized firms in the financial market. They further warned the public to cut ties with unauthorized trade agencies to prevent scams. The FSCA said it was not approved to offer any monetary guidance or render any delegate administrations regarding the […]
The share price of Glencore plc has seriously dipped in the past 48 hours in South Africa, this was made known by Brian Molefe the Chief executive officer of the company. This decline started on Friday. Glencore debilitated 0.44 percent to R58.24 as Molefe got into a sticky situation on Friday, blaming it for utilizing […]
The government authorities in South Africa has banned the sale of alcohol in the country, this is partially attributed to the coronavirus pandemic, this action by the government has affected alcohol distilleries and companies. The crossing out acquires the brewer’s dropped use South Africa to R5bn for its yearly capital and foundation update programs since […]
The coronavirus pandemic has hit South Africa and other African countries massively, the impact of the virus has been felt by various sectors like the aviation and financial sector. The mining company in South Africa will support the government in their quest to distribute the coronavirus vaccine across the country. A main maker of platinum, […]
As the automobile sector continues to grown in Africa, a recently established automobile company is looking to give female engineer the platform to showcase their skills and talent. The men as dominated this sector so it is a welcome development for the automobile industry. The impacts are very perplexing as in, it influences all parts […]
Top South African power providers Eskom has said that they intend to the stage 2 of the loadshedding that from this afternoon till the midnight. This is due to the losses on Wednesday, this was made known by the spokesman of the company Sikhonathi Mantshants. The force maker said that two age units at the […]
South Africa’s top real estate company, Akani Properties has won the the bid to start the construction am building of hotels and conference halls worth over R350 million. The proposed construction will be situated in Middelburg. The gathering said yesterday that the capital consumption would be supported through obligation (20%) and value (80%), an assertion […]
Popular South African Company, Ayo Technology solutions has demanded for a popular market regulator to probe the exponential rise of the in the company shared price on Monday. AYO has recently whined to both the JSE and FSCA about certain resource administrators controlling and shortening the offer cost for their own motivations. This objection was […]
The price of the Bitcoin seems to be rising by the day in the financial sector,. The cryptocurrency is on a upward trajectory ever since late last year. This massive growth can be partly attributed to institutional investors. The digital currency expanded in excess of 800 percent a year ago, subsequent to ascending from around […]
Airline across the world will try to use cheap fares to kickstart the aviation sector that has been affected by the coronavirus pandemic, 2020 has been particularly bad for the aviation industry due to the lockdown imposed by various government. An upswing in recreation and family travel should hit most locales by around midyear. More […]
The Renewable Energy Performance Platform (REPP) has decided to invest a whopping one million pounds into a popular renewables powered battery organization. The sole aim for this proposed investment is to provide power to rural areas in Africa. The organization clarified that it as of now has activities in Sierra Leone and Liberia. As indicated […]
Top real estate company in Africa, GRIT Real Estate is set to be listed in the London stock exchange, this is a welcome development for the real estate company. Grit Real Estate is also the first company from Africa enter a Premium Listing. The organization, which puts resources into and deals with a broadened arrangement […]
Top wind engineering company organization, Siemens Gamesa has partnered Ethiopian Electric Power (EEP), the aim of this partnership is to generate Renewable energy inform of power for close to 400,000 houses in the country. The breeze ranch will be situated between the towns of Adama and Assela, roughly 150 km south of the Horn of […]
Digital currency Bitcoin has rallied above $30,000 for the very first time ever, the Bitcoin has been on a periodic rise since the later part of 2020. This has been a wonderful development for traders in the financial market. Bitcoin progressed in excess of 300 percent in 2020, and with the most recent leg higher […]
The countries in the continent of Africa has started trading under a recent free trade area on Friday, this is coming after many months of delay due to the lockdown imposed by the government authorities in various countries as a result of the spread in Covid-19. However, specialists see the New Year’s Day dispatch as […]
Top mining company, AngloGold Ashanti has declared on Thursday that their partner IMG has finally completed the takeover of SEMOS, this is going to be a new development in the mining world. Prior to fulfillment of the arrangement, AngloGold Ashanti and IMG each got a money profit of US$8.2 million from SEMOS, while the public […]
The rate of the South African Rand has fallen due to the impact of the coronavirus in the world particularly in South Africa. Over one million people has tested positive for the novel coronavirus which has affected the exchange rate of the Rand. At 0636 GMT, the rand was exchanging 0.55 percent more fragile against […]
Popular Nigerian Bank, Access Bank wants to double the client numbers, the bank also plans to do this within three years due to the growing population of Africa. The Lagos-based moneylender is making a holding organization structure that will empower it to enhance into other monetary administrations independently from the financial business. Access Bank, which […]