Reuters CAIRO, Oct 17 (Reuters)- Egypt’s central bank told commercial banks on Tuesday to restrict customers from using credit cards for transactions in foreign currencies both domestically and abroad, the second time in a week it has cracked down on plastic. Last week, the central bank told banks to suspend the use of Egyptian pound debit cards…
Reuters South Africa’s central bank said on Tuesday that upside risks to inflation had strengthened over the past months, heightening uncertainty about a precise path for inflation. The South African Reserve Bank (SARB) in its October Monetary Policy Review said the rise in oil prices, dry weather conditions and elevated inflation expectations were all negatively…
Reuters News South Africa’s headline consumer inflation rose to 5.4% year-on-year in September from 4.8% in August, data from Statistics South Africa showed on Wednesday. The statistics agency said core inflation, which excludes food and fuel costs, fell to 4.5% year-on-year in September from 4.8% in August. The latest figures come after South Africa’s central…
The East African In an increasingly interconnected world, the strength of a nation’s health security and systems holds paramount importance. Nowhere is this truer than in the diverse, young, and energetic continent of Africa, where the need to fortify health security has become a pressing imperative. It is widely acknowledged that adequate healthcare infrastructure is…
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…
