Reuters News Namibia’s central bank kept its main lending rate unchanged at 7.75% on Wednesday. The decision is the second time in a row that the Bank of Namibia has held its key rate, after a 50 basis point (bps) hike in June and two 25 bps increases earlier in 2023. Inflation in the southern…
By Reuters Inflation in South Africa rose sharply in September but stayed within the central bank’s target range, fuelling analysts’ expectations that interest rates would be left unchanged next month. Statistics South Africa said headline consumer inflation rose to 5.4 percent year-on-year in September from 4.8 percent in August, with food, fuel and transport sectors…
Reuters LONDON, Oct 24 (Reuters) – Shareholders of the European Bank for Reconstruction and Development (EBRD) have approved Benin and Ivory Coast to join as new members, the lender said in a statement on Tuesday. Both countries had applied in July and August respectively, and wanted to become recipients of EBRD financial and advisory services…
The Zimbabwean Zimbabwe has been struggling to contain spread of cholera outbreak, with the government announcing measures amid fears of a repeat of its 2008 outbreak that sparked a “national emergency”. Cholera cases span all 10 of Zimbabwe’s provinces, with the most alarming spikes in the south-eastern provinces of Masvingo and Manicaland, the epicentre of the crisis….
Reuters NAIROBI, Oct 24 – Kenya’s shilling was stable against the dollar on Tuesday, traders said, as remittance inflows matched manufacturing and energy sector demand in a quiet session. At 0910 GMT, commercial banks quoted the shilling at 150.00/20, the same as the close of Monday’s session. The shilling has lost 17.8% of its value…
By Felix Onuah ABUJA, Oct 19 (Reuters) – China’s President Xi Jinping pledged on Thursday for his country to increase investments in Nigeria’s power generation sector and its digital economy, the Nigerian vice president’s office said in the wake of a Belt And Road Initiative forum in Beijing. Nigeria’s National Agency for Science and Engineering Infrastructure (NASENI) and…
The Zimbabwean This was revealed in the latest production statistics released by the Kimberley Process Certification Scheme (KPCS). The KPCS, which is the regulator of trade, production, and processing of gems globally, has revealed in its latest rankings that Zimbabwe is among the top 10 diamond producing nations. The revelation comes at a time the…
Africa Business India ITME Society, a non-profit apex industry body successfully concluded the “Curtain Raiser & Preview” of the 2nd edition of ITME Africa & Middle East 2023 on Tuesday 3rd October 2023, to be held one month hence from 30th November 2nd December 2023 at Nairobi, Kenya. Left to right Mr. Richard Cheruiyot, Board Chairman of the Export Processing Zones…
Bizcommunity.com Epson’s latest Climate Barometer survey found that climate change is the third most pressing concern facing South Africans, after poverty (68.4%) and the rising prices of goods and services (64.2%). 58% of respondents cited climate concerns as one of the biggest issues facing the world today. The predominant sentiment among South Africans regarding climate…
Ian Scoones, The Zimbabwean Following the introduction to the blog series last week, this blog focus on how small-scale mechanisation is boosting production across our sites. Processes of intensification and commercialisation are driving demand for a variety of forms of mechanisation to assist with tillage, irrigation, seeding and harvesting. This is especially apparent in the A1 resettlement…
