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 sees Namibia growing in 2020 after three-year…
Namibia’s economy will return to growth in 2020 after contracting for three straight years, but a failure to implement structural reforms could keep the southwest African nation stuck in a low-growth trap, according to the…
South Africa unlikely to meet its growth forecast…
South Africa’s economic growth is unlikely to reach the treasury’s target of 1.5% in 2019 because conditions have changed and the country is facing increasing headwinds, Finance Minister Tito Mboweni said on Friday. This week…
IMF Sets Conditions For Zimbabwe To Start Receiving…
The International Monetary Fund (IMF) has said that Zimbabwe needs to clear its debt with other creditors for it to start receiving financing from the Bretton Woods institution. Zimbabwe cleared its arrears with the Fund…
Zimbabwe Establishes Monetary Policy Committee in Stability Bid
Zimbabwean Finance Minister Mthuli Ncube has established a Monetary Policy Committee in his latest attempt to stabilise an economy in freefall. The former economics professor, appointed last year to get the economy out of a…
World Bank Gives Plaudits To Somalia’s Meteoric Rise…
The World Bank has backed Somalia’s economy to grow above expectations for the next three-to-five years, if the country can sustain its current economic reform momentum. The Horn of Africa country has been in turmoil…
Zimbabwe Dollar Tumble Pushes Up Price Of Bread
The price of bread was on Tuesday morning raised from $7.00 to $9.70, a hike of about 48 per cent. The Bakers Association of Zimbabwe did not reveal the reason behind the latest round of…
Kenyatta Makes Extensive Tour of Development Projects in…
President Uhuru Kenyatta made an extensive tour of several development projects in parts of Kwale County, Saturday. Accompanied by Chief of Defence Forces Gen. Samson Mwathethe, the President visited the Shimoni fish landing site which…
Nigeria’s Robotics Engineer Adekunle Shuts Down Business In…
Nigeria-born Silas Adekunle has shut down Reach Robotics, the Bristol, United Kingdom-based consumer robotics company, that he co-founded a few years ago. He said he’s going to focus on new things. Adekunle made the announcement…
Japanese Company To Invest In 6 Projects In…
A Japanese company has expressed interest in Zimbabwe after singing an MOU(memorandum of understanding) with the government yesterday The Herald reports. Afro Japanese Business Consultant, the Japanese company interested in Zimbabwe is eyeing these sectors.…
Mnangagwa Criticised For Praising Japan’s TICAD At China’s…
MDC supporter and constitutional law expert, Alex Magaisa, has criticised Mnangagwa for not understanding geopolitical and economic dynamics when he described the just ended Seventh Tokyo International Conference on African Development (TICAD7) as the "first…
DRC: Cobalt Production Halted
The consequences to ending Cobalt production in the southern part of the Democratic Republic of Congo, one of the world’s largest mines have a major impact on the country’s economy and on the population .…
Nigeria targets smuggling with ‘partial closure’ of Benin…
Nigeria has announced the "partial closure" of its border with Benin to clamp down on the smuggling of goods, above all rice, into the country. The West African powerhouse is targeting "massive smuggling activities, especially…
Zimbabwe: Zim Undeterred By Western Hostility: VP Mohadi
Acting President Kembo Mohadi says it is a matter of time before nations that are hostile to Zimbabwe realise that they are wrong and unfair to the Southern African country. Speaking after meeting the outgoing…
Sisi Will Head 7th TICAD in Japan: Japan’s…
The Seventh Tokyo International Conference on African Development (TICAD) will kick off Wednesday in Yokohama, Japan, headed by Egyptian President Abdel Fattah al-Sisi and Japanese Prime Minister Shinzo Abe. Spokesperson for the Egyptian Presidency Bassam…
Zim, Rwanda Sign Mining Agreement
Government, through the Ministry of Mines and Mining Development, yesterday signed a Memorandum of Understanding (MoU) with Rwanda that will see the two countries cooperating and exchanging experiences from the extractive industries to develop their…
Nigeria: Edo’s 6,000 bp/d Modular Refinery Set to…
The Edo Refinery and Petrochemicals Limited, says it will soon commence operation at its 6,000 barrels per day (bpd) modular refinery before the end of the year. The project which is located at Ologbo, Ikpoba/Okha…
Dipo Faulkner Emerges Nigeria’s President of American Council
The American Business Council, ABC, has elected Dipo Faulkner as the President of the country’s American Business Council, ABC, and Chairman of the Board of Directors for the Council. The appointment of Faulkner, who is…
Kenyan Businesses Seek Trade Ties With Angola
Mt Kenya University says it is considering setting up e-campuses in Angola, to tap into growing government-to-government links between Nairobi and Luanda. At the Kenya-Angola Trade and Investment Conference 2019 last week, Dr Vincent Gaitho,…
