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 recent Foreign investment news in Congo showcases a recent surge of foreign investment in the mining, energy, and infrastructure sector. The Democratic Republic of Congo (DRC) has remained one of the key global supply chains as the world demands more and more cobalt, copper, and lithium. The increasing confidence of investors in the economic […]
A little more than 100 years ago, Naspers Ltd. was created by white South Africans to produce a Dutch-language newspaper. Now the continent’s biggest company, Naspers just named its first woman, and first black person, as chief executive officer. Phuthi Mahanyele-Dabengwa’s appointment to head the South African unit doesn’t just buck the trend of white, […]
Ghana has received $200 million from the World Bank to help transform and diversify its economy through the promotion of private investment and robust growth in its non-resource base sectors. The fund, to be administered through an integrated programme is set to build the country’s competitiveness and deliver sustainable jobs under the Ghana Economic Transformation […]
South African President Cyril Ramaphosa said on Friday that South Africa cannot allow its economy to be held back by the U.S.-China trade war, which he said was born out of jealousy. Speaking at the Digital Economy Summit, Ramaphosa said local telecommunications companies, which he did not name, had written to him before he attended […]
Former Finance Minister and current MDC vice president Tendai Biti has warned African countries that debt owed by African countries is ballooning and come 2024, most countries will default. Biti was speaking at an OSISA-organised conference on ‘Southern Africa’s Debt Conundrum’ in Johannesburg on Tuesday. Below is part an abridged version of what Biti had […]
The British High Commission and the Kumasi Metropolitan Assembly (KMA) under the framework of the UK- Ghana Business Council meeting will jointly host the first regional forum in Kumasi to build a shared understanding of priorities on economic development, job creation, trade and investment on July 2, 2019. This meeting in Kumasi, a first of […]
Here is the full list of The Forbes Africa 30 Under 30. BUSINESS – Bruce Diale, 29, South Africa, Founder & Managing Director of Brucol Global Development – Terence Mathe, 29, Zimbabwe, Co-Founder of Southern Incineration Services (SISCO) PBC – Mariam Manack , 29, South Africa, Founder & Director of iTrain – Khanyisile Madonko-Nderezina, 25, […]
ECOWAS, the economic community for West african nations have adopted a single currency named eco, which it plans to launch by 2020. Eco was adopted on Saturday in Abuja in a meeting of the 15 member countries organization. Discussed for thirty years, this single currency between the 15 countries that make up the ECOWAS – […]
The decision by government this week to abolish the multi-currency regime and re-introduce the Zimbabwean dollar as the sole legal tender could be catastrophic as the local currency’s value may tumble against major currencies, plunging the country into hyperinflation. While some captains of industry and analysts welcomed the move, others were sceptical and critical. The […]
Millions of African soccer fans dream of being at the African Cup of Nations (AFCON) to support their national teams, but not everyone can afford to do so. As it turns out, even those who can afford it are constrained by the infamous difficulties Africans face when they travel within the continent as Nigerian soccer […]
The multilateral lender says the U.S.$250 million will enable the country to set up the Kenya Mortgage Refinance Corporation, to be owned by the state, commercial banks and financial co-operatives. President Uhuru Kenyatta has said provision of affordable housing is one of his four key priority areas in his second term and aims at providing […]
Kenya’s ban on logging in 2017 has seen charcoal traders flock to Uganda, which is now putting a strain on the country’s dwindling forest cover. Conservationists have warned that with new markets for charcoal in Kenya and Rwanda, in addition to logging for timber and agricultural land, the pressure on forests can only increase. TAGS: […]
Zimbabwean President Emmerson Mnangagwa has agreed to provide foreign currency to businesses and lashed out at companies that increased prices of commodities. The Zanu PF leader described the price hikes as unethical, unpatriotic and inhumane. TAGS: businessCurrenciesGovernanceSouthern AfricaTradeZimbabwe