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…
IMF Says Zimbabwe Needs to Intensify Efforts on…
The International Monetary Fund said on Thursday that Zimbabwe needed to intensify efforts on economic and political fronts, adding that the country faced a steep economic contraction this year. “Policy actions are urgently needed to…
UHC Will Help End Extreme Poverty – Uhuru
President Uhuru Kenyatta has said the Kenyan government is rolling out the Universal Health Coverage (UHC) program as part of a grand plan to transform the county into a newly industrializing, middle-income country by 2030.…
Madagascar farm produces luxurious caviar
Madagascar’s cool fresh water and inexpensive labour has inspired the production of the luxurious caviar. Three French entrepreneurs set up the farm. Today, they produce Rova Caviar with 300 tonnes of fish from 6 different…
Cashless Policy: CBN Apologises, Sympathizes With Nigerians
Nigeria’s apex financial institution, the Central Bank of Nigeria (CBN) has apologised to bank customers for the inconveniences the newly introduced cashless policy will cause. Godwin Emefiele, the Governor of Central Bank, made the apology…
World Bank In Talks With Nigeria Over New…
The World Bank says it is in talks with the Nigerian government for a $2.5 billion loan to resolve the problems of the country's power sector. World Bank's Vice President for Africa, Hafez Ghanem said…
Benin-Nigeria boarder closure causing economic crisis
Farmers and traders are distressed after Nigerian President, Muhammadu Buhari closed all neighbouring borders around the country with a plan to end Nigeria’s economic dependence on oil, by developing domestic agriculture and industry. The border…
World Bank in talks with Nigeria for fresh…
The World Bank and Nigeria are in talks for as much as $2.5bn (R37bn) in a new tranche of concessionary lending to Africa’s most populous country, Vice President for Africa Hafez Ghanem said. In the…
Ambassadors of Croatia, Cyprus and Ghana Visit FPCCI…
Ambassadors of Ghana, Croatia and Cyprus accredited to Pakistan along with a team of Sindh Board of Investment visited the Federation House, Karachi and held meeting with Dr. Mirza Ikhtiar Baig, acting president of the…
Egypt’s Sisi issues presidential decree approving loan to…
President Abdel-Fattah El-Sisi has issued decree no. 83 of 2019 approving a loan agreement between the Egyptian government and the Kuwaiti Fund for Arab Economic Development.to build four sea water desalination stations in South Sinai.…
Zim, Belarus Pen $350M Mega Deals
Zimbabwe and Belarus have signed deals worth US$350 million, which are set to transform Zimbabwe into the region's transport and logistical hub. Two agreements were signed this Tuesday, with six more yet to be finalised.…
US, Nigeria Meet On Intellectual Property, Move Against…
United States Mission in Nigeria and the American Business Council, in partnership with the Nigerian Government and members of the private sector, met in Lagos, Monday, on Intellectual Property (IP). DAILY POST reports that the…
Egypt, Ethiopia disagree as talks over Nile dam…
Talks between Egypt and Ethiopia over the latter’s dam project on the River Nile, have hit yet another deadlock, even as ministers from the two countries met with Sudan on Monday. The meeting, which was…
Cameroon: UNDP to provide financial support to three…
The United Nations Development Programme (UNDP), is awarding grants worth over 200 million CFA to three Micro Finance Institutions (MFI) to scale up their capacity to provide financial products and services adapted to the needs…
Zim Dollar Tumble A Result Of The End…
The Reserve Bank of Zimbabwe (RBZ) said the fall in the value of the Zimbabwe dollar against the US dollar and other currencies in recent weeks is as a result of the end of the…
Ezekwesili reacts as Buhari dissolves Osinbajo-led economic team
Oby Ezekwesili, former minister of education has reacted to President Muhammadu Buhari’s appointment of a new economic team. Buhari, on Monday, constituted an Economic Advisory Council (EAC), dissolving the previous led by Vice President, Yemi…
Ghana’s Energy Ministry Begins Negotiations With Oil Block…
Government of Ghana, through the Ministry of Energy, has begun negotiations with the two companies that recently won blocks GH_WB_02 and GH_WB_03 located in the Deepwater Cape Three Points in the Western Basin. First Exploration…
Belarusian Official In Zimbabwe To Follow Up On…
A Belarusian official yesterday jetted into Zimbabwe to follow up on investment deals signed between his government and the government of Zimbabwe in January this year. General Colonel Victor Sheiman who is the Belarusian Chief…
Zimbabwe’s forex inflows fall just when they are…
Zimbabwe's foreign currency inflows fell 24% for the six months to June 2019, at a time when the country is needing to pay for key imports from fertilizers and maize to electricity. According to the…
