Reuters News Zimbabwe is targeting economic growth of 3.6% next year, down from an earlier target of 5.3%, due to drought conditions, its Finance Minister Mthuli Ncube said on Wednesday.
Reuters News CAPE TOWN – South Africa’s finance minister will propose tax measures next year to raise additional revenue, a mid-term budget review said on Wednesday, as the National Treasury projected wider budget deficits and higher debt over the next three years. A major constraint on South Africa’s economic growth potential in the last decade…
Reuters News South African state power utility Eskom said on Tuesday that its net loss for the financial year that ended in March had widened to 23.9 billion rand ($1.27 billion) from a revised 11.9 billion rand loss the previous year. This year Eskom has implemented the worst power cuts on record in Africa’s most…
Reuters News The International Monetary Fund (IMF) and Rwanda have reached a staff-level agreement on a new 14-month credit facility worth about $262 million to help mitigate balance of payment pressures arising from climate-related shocks, the IMF said on Tuesday.
Bizcommunity.com South African Tourism Minister Patricia de Lille jas welcomed the introduction of the Saudi Arabia e-visa system, which will make it easier for South Africans to visit the country for tourism purposes. “I am extremely pleased with this development as South Africa also became the first African country to be added to the list….
Bizcommunity.com Water and Sanitation Deputy Minister David Mahlobo will participate in a high-level ministerial panel discussion at the sixth edition of Cairo Water Week (CWW2023) in Cairo, Egypt this week. The conference, to be held from 29 October to 2 November 2023, is organised by the Egyptian Ministry of Water Resources and Irrigation and will…
Bizcommunity.com Airbnb has pledged $500,000 to support inclusive and sustainable tourism in Africa over the next two years. The pledge will help governments and tourism organisations identify new opportunities, support hosts and guests, empower entrepreneurs, and support investment in the tourism ecosystem. The pledge was announced at the Africa Travel Summit and follows the launch…
Bizcommunity.com German Chancellor Olaf Scholz said on Sunday his country was willing to invest in gas and critical minerals in Nigeria, Africa’s largest oil producer, as he started a two-nation visit to sub-Saharan Africa.This is the third visit to the region by Scholz in two years and comes as conflicts elsewhere highlight the growing importance…
ZAWYA Kenya will remove visa requirement for Africans by the end of this year in a bid to promote trade and investment within the continent, President William Ruto said. To accelerate the creation of the African Continental Free Trade Area (AfCFTA), Ruto said the region has to address the low levels of intra-African commerce. He…
The East African The International Finance Corporation (IFC) has given Kenya, Tanzania and the Democratic Republic of Congo (DRC) businesses $2.9 billion in long-term and short-term financing. Mary Porter Peschka, IFC Regional Director for Eastern Africa, said it gave $65 million to fintech platform M-Kopa Holdings in Kenya to expand its financial services to under-banked…
