Reuters News South Africa’s economy contracted 0.2% in the third quarter of 2023 in quarter-on-quarter seasonally adjusted terms, compared to revised growth of 0.5% in the previous quarter, statistics agency data showed on Tuesday.
Bizcommunity.com The latest trade data update from Trade Map shows another impressive performance from the agriculture sector with the value of export earnings jumping by 4% year-on-year to $3.9bn. The increased seasonal availability from bumper harvests in the horticulture and field crops underpinned this stellar performance. Although slightly firmer in Q2, the rand exchange rate…
Nigerian Tribune The Central Bank of Nigeria’s (CBN) most recent monthly economic report shows that deposit money banks (DMB’s) total credit extension to the economy increased to N38.3billion in Jul 2023 from N37.5billion in the previous month. Specifically, the report shows that credit extension to the leading services sector was up by 3percent month on…
Reuters News CAPE TOWN – The African Development Bank (AfDB) is drawing up plans for $1 billion of upgrades to a dozen hydropower plants in Africa, bank officials said on Monday, boosting capacity that is often unable to meet the continent’s surging power needs. Ranging from Nigeria’s largest 760 megawatt (MW) Kainji plant, to South Africa’s…
Nigerian Tribune “Climate change is the greatest threat to our existence in our short history on this planet. Nobody’s going to buy their way out of its effects.” – Mark Ruffalo From north to south, Nigeria is blessed with rich biodiversity and an enviable climate. It possesses one of the largest land masses in Western…
Bizcommunity.com Employee engagement is the key to success amidst crisis. Impacted by significant challenges, including a global pandemic, civil unrest, economic hardships and environmental disasters, South Africa stands at a crossroads. In this complex landscape, one spotlight-stealing factor cannot be ignored – employee engagement. The secret to navigating this arduous situation lies in the hearts…
Bizcommunity.com Africa’s economic growth to slow in 2023, AfDB says as it slashes forecasts.Real GDP growth is set to fall to 3.4% this year from 4% in 2022, before rising to 3.8% in 2024, the AfDB said in a report. In May, it predicted the economy would expand 4% in 2023 and 4.3% in 2024,…
WAM (Emirates News Agency) William Ruto, President of Kenya, and the UAE have joined to convene African Heads of State and other prominent personalities in a landmark event at COP28 to accelerate Africa’s Green Industrialization. The launch event was attended by the Heads of State for Angola, Burundi, Djibouti, Ghana, Cote d’Ivoire, Mauritania, Nigeria, Senegal…
Nigerian Tribune The Federal Government has pledged a robust health sector transformation as it emphasised on diagnostic medicine and collaborative pathology advances in Nigeria. It said these align with the key priorities and initiatives of the government’s four-point agenda promises which are significant advancements in governance, population health outcomes, the healthcare value chain, and health…
Nigerian Tribune The President of the Federation of Tourism Associations of Nigeria (FTAN), Mr Nkereuwem Onung has called on the various governments and tourism stakeholders to think more of how to promote green industrialisation in the tourism and trade sectors on the African continent. The President of FTAN, who was represented by the Coordinator, FTAN…
