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 […]
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. The 15-million-dinar agreement was signed in Sharm el Sheikh on 8 December, 2018. The decree was published in the official […]
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. After witnessing the signing ceremony, President Emmerson Mnangagwa said the agreements have cemented relations between the two countries. “This has […]
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 symposium theme, “The Bane of Counterfeit Pharmaceuticals and Piracy”, brought together stakeholders including senior officials from federal ministries, departments and […]
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 the first in over a year, produced no agreements or disagreements, according to the spokesperson at Ethiopia’s foreign ministry, Nebiat […]
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 of young people, women and rural populations in the project intervention areas of Far North, North, Adamawa and East regions […]
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 tobacco marketing season. Tobacco is one of the four major foreign currency earners for the country, the others being gold, […]
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 Osinbajo. The Presidency had said that the new team is made up of the following: Prof. Doyin Salami – Chairman; […]
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 and Petroleum Development Company, in partnership with Elandel Energy (Ghana), won block GH_WB_02 while ENI Ghana Exploration and Production Limited, […]
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 of Presidential Affairs is on a 3-day state visit. General Sheiman will meet the president and discuss agriculture, mining, power, […]
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 latest figures published by the Reserve Bank of Zimbabwe, foreign currency receipts for the first half of the year fell […]
The deadline for Kenya’s withdrawal of the old Sh1,000 notes will not be extended, Central Bank Governor Patrick Njoroge has said. Dr Njoroge has reiterated that come September 30, the notes will no longer have value and will only be good for “lighting jikos”. “I want you to take this message to every corner of […]
Naspers, the South African media company that hit the jackpot with an early investment in Tencent, on Wednesday spun out its 31% stake in the Chinese internet group by listing a new company on Amsterdam’s stock exchange. Called Prosus, the company was worth €95 billion ($105 billion) at listing, making it the biggest consumer tech […]
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 International Monetary Fund. The economy of the world’s largest marine-diamond producer has been hit by a regional drought and a […]
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 ratings agency Moody’s, the last of the top three credit firms to rate South Africa’s debt at investment level, said […]
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 but owes the African Development Bank and the World Bank a combined US$2 billion. Responding to a question by the […]
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 two-decade rut, named a nine-member panel consisting of academics, bankers and the governor and two deputy governors of the nation’s […]
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 since 1991, when clan warlords overthrew President Siad Barre and then turned on each other. Over the past decade it […]
