Bizcommunity.com Recently hosted and curated by Twyg and Imiloa Collective, the inaugural Africa Textile Talks 2023 gathered over 150 people to witness presentations, discussions and exhibition of sustainable textiles from across the continent, to map the way forward in practical and poetic steps. A purpose-drive Pan African conversation Attendees came from Mauritius, Kenya, Ghana, Nigeria,…
By Patrick Werr CAIRO, Aug 25 (Reuters) – Egypt hopes its imminent inclusion in the BRICS bloc of developing nations will help ease its shortage of foreign currency and attract new investment, but analysts say it may take time before any benefits appear. The bloc, which includes Brazil, Russia, India, China and South Africa, on Thursday…
By Saqib Iqbal Ahmed NEW YORK, Aug 23 (Reuters) – The U.S. dollar eased against a basket of currencies on Wednesday after data showed U.S. business activity approached the stagnation point in August, with growth at its weakest since February as demand for new business in the vast service sector contracted. S&P Global said its flash U.S….
The steady pace of disinflation in SA is consistent with the trend globally Reza Hendrickse, Bizcommunity.com Consumer price inflation moderated further in July, to 4.7% year-on-year, compared to 5.4% in June. Inflation peaked at 7.8% in July last year and is now comfortably back inside the South African Reserve Bank’s (SARB) 3-6% target range.Food and non-alcoholic…
With the Central Bank having announced earlier that the Treasury has cut the domestic borrowing target for the current fiscal year from Ksh586.5 billion ($4.1 billion) to Ksh316 billion ($2.2 billion) The East African The Treasury has returned to the market for Ksh21 billion ($145 million) via a tap sale of its August bond issuance,…
The Commissioner admonished the staff of the Ministry to show respect to each other, work as a team, and respect boundaries Adelowo Oladipo, Nigerian Tribune The Niger State Government has reiterated its determination to provide effective training to its workforce to propel the Governor Mohammed Umaru Bago-led administration’s Transformation Agenda. The State Commissioner of Finance, Lawal…
Reuters On a month-on-month basis, consumer inflation was at 0.9% in July, compared to 0.2% the previous month South Africa’s headline consumer inflation fell more than expected to 4.7% year on year in July from 5.4% in June, Statistics South Africa data showed on Wednesday. On a month-on-month basis, consumer inflation was at 0.9% in…
It was the third time this year that the bank has raised its key rate to try to tame inflation Reuters Zambia’s central bank on Wednesday increased its benchmark lending rate by 50 basis points to 10.0%, noting that inflation had moved further above its target and was expected to stay high. It was the…
By Duncan Miriri NAIROBI, Aug 22 (Reuters) – Deals worth hundreds of millions of dollars are expected to be struck at next month’s Africa Climate Summit, including increasingly popular nature-based investments, the event’s main organiser said on Tuesday. African officials hope the meeting will strengthen the continent’s voice and send a unified message ahead of the…
Its basic earnings per share, which includes one-off costs, was down by over three-fourths Reuters South African petrochemicals major Sasol posted a 13% rise in annual profit on Wednesday as better operations in the second half offset the impact of weaker crude prices. The company said its headline earnings per share (HEPS), a profit measure,…
