Reuters News A customer counts money inside a textile shop in Idumota Market, in Nigeria’s commercial capital of Lagos, Nigeria February 11, 2019. REUTERS/Nyancho NwaNri – RC1A016FA600 Nigeria’s annual inflation rose to 28.20% in November from 27.33% in October, its bureau of statistics said on Friday.
Bizcommunity.com The statistics of Eighty20’s Q3 2023 Credit Stress Report have been released.It is early days, but the economic and credit indicators from quarter three highlighted a shift in outlook for the first time in over a year. Here are the top five indicators: – Inflation eased further to 5.0% from 6.2% in the previous quarter.– The…
Bizcommunity.com South African flag and South African Rand cash bills and coins. Getty Images Image used for illustrative purpose South African companies spent an estimated R11.8bn on corporate social investment (CSI) in the 2023 financial year, according to corporate responsibility consultancy Trialogue’s latest research findings. The spend reflects an 8% nominal and 1% real increase…
Africa Business Image used for illustrative purpose. Coronavirus Covid-19 Vaccine glass bottle. Coronavirus 2019-nCoV concept. Illustrative vial of coronavirus vaccine. The unprecedented speed of development of the Covid-19 vaccines can be attributed to multiple factors including record levels of international collaboration and swift action on the part of many governments and regulatory bodies to provide…
Bizcommunity.com Johannesburg cityscape, taken at sunset, showing Hillbrow residential centre with the prominent Ponte flats and the communications tower. Getty Images Image used for illustrative purpose. South Africa’s manufacturing output rose 2.1% year on year in October after falling by a revised 4.1% in September, statistics agency data showed on Tuesday, 12 December.Factory production was…
Reuters News A man holds Ghana’s cedi notes in Accra July 3, 2007. Luc Gnago, Reuters Ghana’s consumer inflation slowed to 26.4% year on year in November from 35.2% in October, the statistics service said on Thursday. The cocoa, gold and oil-producing country facing its worst economic crisis in a generation is in talks with…
Nigerian Tribune Image used for illustrative purpose. Getty Images Federal Government on Wednesday unveiled plans to commence the implementation of the new revenue-sharing formula in the first quarter of 2024. The Chairman of the Revenue Mobilisation and Fiscal Commission (RMAFC), Muhammed Bello Shehu gave the indication during an interactive session on the 2024-2026 Medium Term…
Bizcommunity.com SA secures $300mln loan for Energy Governance and Climate Resilience The African Development Bank Group’s Board of Directors has sanctioned a $300m loan for South Africa, earmarked for the implementation of its Energy Governance and Climate Resilience Programme. This programme, devised in partnership with other development entities including the World Bank and KfW Development…
Reuters News The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. REUTERS/Elizabeth Frantz/File Photo Purchase Licensing Rights Nigeria still needs to control inflation and stabilise its foreign exchange market following currency reforms and the removal of a petrol subsidy,…
Reuters News Workers inspect cars newly manufactured from a nearby plant before being loaded on a cargo ship at a port, in East London, in the Eastern Cape province, South Africa, March 19, 2023. REUTERS/Siphiwe Sibeko/File Photo Purchase Licensing Rights South African business confidence rose in November, as tourism and merchandise import volumes improved in month-on-month terms,…
