Bizcommunity.com Water and Sanitation Deputy Minister David Mahlobo will participate in a high-level ministerial panel discussion at the sixth edition of Cairo Water Week (CWW2023) in Cairo, Egypt this week. The conference, to be held from 29 October to 2 November 2023, is organised by the Egyptian Ministry of Water Resources and Irrigation and will…
Bizcommunity.com Airbnb has pledged $500,000 to support inclusive and sustainable tourism in Africa over the next two years. The pledge will help governments and tourism organisations identify new opportunities, support hosts and guests, empower entrepreneurs, and support investment in the tourism ecosystem. The pledge was announced at the Africa Travel Summit and follows the launch…
Bizcommunity.com German Chancellor Olaf Scholz said on Sunday his country was willing to invest in gas and critical minerals in Nigeria, Africa’s largest oil producer, as he started a two-nation visit to sub-Saharan Africa.This is the third visit to the region by Scholz in two years and comes as conflicts elsewhere highlight the growing importance…
ZAWYA Kenya will remove visa requirement for Africans by the end of this year in a bid to promote trade and investment within the continent, President William Ruto said. To accelerate the creation of the African Continental Free Trade Area (AfCFTA), Ruto said the region has to address the low levels of intra-African commerce. He…
Bizcommunity.com South Africa’s producer inflation quickened to 5.1% year on year in September from 4.3% in August, statistics agency data showed on Thursday, 26 October.On a month-on-month basis, the producer price index was at 1.5% in September from 1.0% the previous month, Statistics South Africa said.
The Zimbabwean The Reserve Bank of Zimbabwe (RBZ) attributed the poor export performance to falling global mineral prices. Zimbabwe’s exports are mainly dominated by mineral and agricultural commodities. “Due to the negative developments in the global economy, prices for most mineral commodities including platinum, nickel and lithium have been declining, negatively affecting export receipts in…
Reuters HARARE, Oct 27 (Reuters) – Zimbabwe’s government will maintain its multi-currency system, anchored by the U.S. dollar, to 2030, it said on Friday. The government had previously said that the multi-currency system would end in 2025. This had triggered uncertainty in the banking sector, with some banks refusing to give loans past 2025. In…
Reuters NAIROBI, Oct 27 (Reuters) – Kenya has raised its budget deficit forecast for the 2023/24 (July-June) financial year to 5.3% of GDP from 4.4%, a summary of revised spending estimates presented to parliament showed on Friday. The wider projection was due to the weakening of the Kenyan shilling against the dollar, Finance Minister Njuguna…
Reuters News Botswana’s central bank kept its key lending rate unchanged at 2.65% on Thursday. Botswana’s Monetary Policy Rate has been at 2.65% since August 2022. Inflation rose to 3.2% year-on-year in September from 1.2% in August, within the central bank’s preferred range of 3%-6%.
Reuters News South Africa’s producer inflation quickened to 5.1% year on year in September from 4.3% in August, statistics agency data showed on Thursday. On a month-on-month basis, the producer price index was at 1.5% in September from 1.0% the previous month, Statistics South Africa said.
