By DavidOchieng Mbewa Zimbabwe’s economic growth in 2024 is expected to decline to 3.5 percent, compared to 4.5 percent in 2023, according to a report by the World Bank. The fourth World Bank Zimbabwe Economic Update (ZEU), launched on Wednesday, said that though the country’s economic outlook appeared “moderate”, it reflected continued global headwinds, structural…
Reuters South Africa recorded reduced foreign direct investment inflows of 26 billion rand ($1.40 billion) in the third quarter of 2023, from 53.8 billion rand in the second quarter, central bank data showed on Thursday. The South African Reserve Bank said in its Quarterly Bulletin that the inflows were due to non-resident parent entities granting…
By MathewsMutai MARRAKECH, MOROCCO – DECEMBER 11: Player of the Year, Victor Osimhen (Nigeria, Napoli) makes a speech at the Confederation of African Football (CAF) Awards 2023 in the Moroccan city of Marrakech on December 11, 2023./REUTERS Nigerian star Victor Osimhen was named African Footballer of the Year on Monday night at the 2023 CAF…
Reuters FILE PHOTO: OPEC logo is seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing Rights Congo on Saturday reaffirmed its commitment to the Organization of the Petroleum Exporting Countries (OPEC), days after neighbor Angola decided to leave the organization. “The Republic of Congo reaffirms its steadfast commitment to the strategic policy…
Reuters News South Africa’s rand slipped on Friday, as focus shifted towards a reading of a key U.S. inflation gauge due later in the day. At 0630 GMT, the rand traded at 18.4075 against the dollar , down 0.2% from its previous close. “The rand struggled yesterday… as thin liquidity and the squaring of short…
The East African Tanzania on Thursday received a $1.1 billion financing package from World Bank, which will fuel inclusive growth across the nation and bolster urban services and climate resilience in the city of Dar es Salaam. The package comprises two crucial components which is $750 million Development Policy Financing (DPF) and $385 million Dar…
Reuters A general view of the new headquarters of Central Bank of Egypt, at the New Administrative Capital (NAC) east of Cairo, Egypt December 8, 2023. REUTERS/Amr Abdallah Dalsh/File Photo Acquire Licensing Rights Egypt’s central bank kept its overnight interest rates unchanged on Thursday as predicted, saying GDP growth had slowed to 2.9% in the second…
Reuters The logo of French oil and gas company TotalEnergies is seen at the company’s headquarters skyscraper in the financial and business district of La Defense, near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes Acquire Licensing Rights CAPE TOWN, Dec 22 (Reuters) – French energy firm TotalEnergies (TTEF.PA) plans to restart its long-delayed $20 billion Mozambique liquefied natural…
Africa Business SA Innovation Summit CEO Buntu Majaja looks back at this year’s successes and quantifies next year’s opportunities. – SAIS2023 brought together 2,600 innovators from 26 countries – The investment capital in attendance equalled around R30 mbillion – Startups are pivoting to or building on AI In the dynamic world of technology and entrepreneurship, the courage and…
Bizcommunity.com A general view of a logo at the TotalEnergies electric vehicle fuelling station in the La Defense business district in Paris, France, July 28, 2021. Benoit Tessier, Reuters TotalEnergies reaffirmed its commitment to business interests in Nigeria, the French company said, adding that its head Patrick Pouyanne had met Nigeria President Bola Tinubu in…
