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,…
Both sides also discussed the bank’s role in financing the development of the African technical capabilities and infrastructure Arab Finance Egyptian Minister of Water Resources and Irrigation Hani Sewilam has met with the Global Director for the World Bank Group’s (WBG) Water Global Practice (GP) Saroj Kumar Jha to probe developing Egypt’s water distribution system…
Figures published by Uganda’s Capital Markets Authority show average individual balances recorded among local unit trust funds, also referred to as collective investment schemes, stood at $8,010 by close of June 2023 Bernard Busuulwa, The East African The investments made by Savings and Credit Cooperative Organisations in unit trust funds, reasonable interest rates registered by savers…
This is according to the United Nations Conference on Trade and Development (UNCTAD) Vincent Owino, The East African The recent disruptions in the global supply chains has presented a unique opportunity for African countries to dominate the supply of finished high technology commodities, strengthening their economic resilience in the face of shocks. This is according to…
The benefitting universities in Nigeria are the Abubakar Tafawa Balewa University, Bauchi, the University of Portharcourt, the University of Abuja, Obafemi Awolowo University and the Michael Okpara University, Umudike Muhammad Sabiu, Nigerian Tribune The Abubakar Tafawa Balewa University (ATBU), Bauchi state has been selected by the European Union (EU) as one of the eight universities across…
By Thando Hlophe JOHANNESBURG, Aug 18 (Reuters) – South Africa’s surprise success in reaching the knockouts at the Women’s World Cup has highlighted their inferior pay and resources when compared with the historically less successful men’s team. South Africa’s women’s team, known as “Banyana Banyana”, reached the last 16 at the World Cup in Australia and…
Doubling of VAT on fuel to 16% from July 1 contributed to the increase ZAWYA New tax measures and higher economic output in Kenya have driven the government’s revenue collection by 18.7% to 155.06 billion shillings ($1.07 billion) in July 2023, compared to 130.6 billion shillings a year earlier. The July collections exceeded monthly collections…
The centre aims to provide accessible cloud skills training, including free foundational cloud training, for individuals interested in cloud computing and its potential career opportunities Bizcommunity.com The Western Cape Government welcomes the official opening of Amazon Web Services (AWS) first international AWS Skills Centre in Cape Town, as well as the planned investment of R46bn…
By Nyasha Chingono HARARE, Aug 18 (Reuters) – Zimbabwe will allow developers of carbon credits to keep as much as 70% of the proceeds for the first decade of the project, with 30% paid as an environmental levy, the government said in regulations published on Friday. Environment minister Mangaliso Ndlovu moved against what he called “climate…
