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 […]
Volkswagen’s African unit exported a new high record of 131,485 ‘Polo’ automobiles to European and Asia Pacific countries in 2024 as per the firm said on Wednesday. This was a big increase from Volkswagen’s old year record of 108,422 vehicles manufactured in 2019. These are being manufactured at the Kariega factory in South Africa’s Eastern […]
Following US President Donald Trump’s announcement that he would stop providing funds to South Africa, the country’s stocks, government bonds and rand all declined on Monday. In South Africa, Trump said Sunday that “certain classes of people” were being treated “very badly” and that he would halt funding until the issue was looked at but […]
The newly elected Donal Trump had put a post on the Truth Social page stating that “I will be cutting off all future funding to South Africa until a full investigation of this situation has been completed! ” He put allegations on “South Africa” that it “is confiscating land, and treating certain classes of people […]
The artisanal gold mine in southern Mali experienced a landslip on Wednesday. A group of female gold miners in Mali died in a landslide that engulfed them, the office of the governor of the Koulikoro area of the West African nation reported Thursday. The number of casualties was not specified however it was stated that […]
Former South African President Jacob Zuma’s daughter has been taken into custody and is scheduled to appear in court on Thursday to answer to terrorism related allegations. Another member of the South African Parliament, Duduzile Zuma Sambudla is charged with instigating violence during riots in July 2021 that claimed over 350 lives. According to police, […]
Starlink has successfully launched a new Point of Presence (PoP) in Nairobi, Kenya taking an important step towards upgrading internet infrastructure in East Africa. The facility is intended to increase network capacity while dramatically reducing latency resulting in faster and more reliable connectivity for consumers throughout the region. Kenya is the first African country to […]
Rwanda supported M23 rebels claimed to have taken control of the regional capital early Monday as fierce battle raged in the eastern Democratic Republic of the Congo. They made their announcement just minutes before the group’s 48-hour deadline for the Congolese army to turn in its weapons expired. The two million residents of the city […]
Military soldiers in the Democratic Republic of the Congo increased patrols in the government bastion of Goma on Friday as Rwanda backed rebels encircled the city. Residents described the spread of panic as M23 rebels took control of Sake, a town only 27 kilometres (16 miles) from the provincial seat the day before. Soldiers were […]
Kenya intends to intensify social media control. A strategy to counter what it refers to as “digital abuse” is being developed by the current government. Social media companies doing business in the nation have been directed to carefully monitor and take action against “violent, hateful and unbalanced content.” According to the interior ministry, Kenyans are […]
According to the Emirates News Agency (WAM), the United Arab Emirates successfully launched the MBZ-SAT which is the most sophisticated observation satellite in the area on Tuesday night 14th January and marked a significant turning point for Middle Eastern space exploration. Using a SpaceX Falcon 9 rocket, the MBZ-SAT successfully launched from Vandenberg Space Force […]
South Africa’s wealthiest individual and billionaire Johann Rupert has decided to completely divest from British American Tobacco (BAT) signaling the end of his family’s long standing ties to the tobacco industry. Major Share Sale Announcement On January 14th ‘Reinet Investments’ one of Rupert’s investment groups revealed that it has agreed to sell over 43.3 million […]
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 historic move intended to prevent tax evasion and ensure fair taxation for multinational corporations. The OECD/G20 Inclusive Framework on Base […]
An additional step in handing over national security duties to Somalia’s own forces was taken when the Security Council approved the African Union Peace and Security Council’s decision to replace the African Union Transition Mission in Somalia (ATMIS) with the African Union Support and Stabilization Mission in Somalia (AUSSOM). By a vote of 14 in […]
In September, Florida residents crowded a government meeting to oppose plans for a massive trash incinerator in Miami-Dade County. Protesters wearing green shirts that read “MIRAMAR SAYS NO TO INCINERATOR! NOT IN OUR BACKYARD,” feared the proposed facility could harm their health, lower property values and damage the environment. The incinerator which would burn 4,000 […]
Trade between African and GCC countries stands at $ 121 billion in 2023, double of what it was in 2016. This growth is witnessed due to the efforts of Gulf countries to shift their economies forward, besides realizing the trade and investment opportunities in Africa. The UAE is a leading partner in innovation and infrastructure: […]
Family members struggling after one week after of Cyclone Chido ripped through the French island territory of Mayotte expressed helplessness on Wednesday, a day before the arrival of the French president and another 180 tonnes of aid. Some survivors and aid groups have described hasty burials, the foul smell of dead bodies and the destruction […]
Neptune Oil, a significant distributor and retailer in Central Africa received the first export of 60,000 tons of refined petroleum which is the first international purchaser of petroleum from the Dangote refinery is Cameroon. The firm stated that it will be collaborating with the refiner in order to create a stable supply chain that would […]
A private partnership between the United Arab Emirates and Morocco intends to invest up to $25 billion in a green hydrogen and ammonia plant in the North African nation. The Moroccan government has previously given Dahamco permission to establish the project in the controversial Western Sahara’s Atlantic port of Dakhla. The president of Dahamco Tom […]