Nigerian Tribune The International Monetary Fund (IMF) predicts that South Africa may overtake Nigeria as Africa’s largest economy, according to its World Economic Outlook. South Africa, the most industrialised country on the continent, aims to achieve a gross domestic product (GDP) of $401 billion by 2024. However, at current prices, Nigeria and Egypt presently have…
Bizcommunity.com Amazon announced that it will launch Amazon.co.za in 2024, providing South African-based sellers the ability to reach customers across the country starting next year. More than 60% of sales in Amazon’s store are from independent sellers – most of which are SMEs – providing a vast selection of products, competitive prices, and great convenience…
Bizcommunity.com In a bid to enhance the scope of available vaccines, the Department of Health is poised to incorporate new vaccines into the regular expanded immunisation programme, with an allocated budget of R3.5bn.Health Minister, Joe Phaahla, made the announcement during a media briefing following a meeting with Health MECs held in Centurion on Thursday, 12…
Bizcommunity.com Anglo American Platinum (Amplats), Sasol and BMW used the 2023 Green Hydrogen Summit as a platform to launch a trial of hydrogen fuel cell vehicles. This initiative is a result of a collaboration between these companies to explore the viability of new energy vehicles (NEVs) in the country and expand the domestic green hydrogen…
By Nqobile Dludla “The launch of Amazon.co.za in 2024 will provide independent sellers throughout the country an opportunity to rapidly launch, grow, and scale their businesses,” Amazon said in a statement. Africa’s most advanced economy is usually seen as a beachhead for companies to expand into the continent and Amazon could be doing the same, analysts…
Reuters News DUBAI – Egypt’s Suez Canal Economic Zone has signed a deal worth $6.75 billion with China Energy for green ammonia and green hydrogen projects to be established in the Sokhna Industrial Zone, a cabinet statement said on Tuesday. It also signed deal with Hong Kong-listed United Energy Group to establish a potassium chloride…
Africa Business The opportunities for building a sustainable future for Africa are at least as great as the challenges, writes Christian Toben, Head of Financial Institutions for Emerging Markets at Commerzbank. Here, he discusses some of the positive initiatives that are helping to drive forward the continent’s ESG agenda and the crucial role of financial institutions…
The Zimbabwean Census data released by neighboring South Africa this week showed the country was home to 1.01 million Zimbabwean immigrants last year, up from 672,308 at the last count in 2011 and an average annual increase of almost 31,000. Emigration data released for the first time by Zimbabwe’s statistics agency in September last year…
Reuters News Nigeria’s annual inflation rose to 26.72% in September from 25.8% in August, its bureau of statistics said on Monday. Food and non alcoholic beverages were the biggest contributors to the rise in inflation, the bureau said. President Bola Tinubu has been under pressure to ease economic hardship after scrapping a costly decades-old petrol…
Reuters The South African rand strengthened in early trade on Monday as tensions in the Middle East underpinned the price of oil and put the dollar on the back-foot. At 0628 GMT, the rand traded at 18.9500 against the dollar , about 0.4% stronger than its previous close. The dollar eased 0.1% against a basket…
