Staff Writer, Arab Finance Egyptian exports of copper and brasswork surged by 47% year-on-year (YoY) to $218 million during the first half (H1) of 2022 from $148 million, the Middle East News Agency reported on August 31st, citing a report by the Export Council for Building Materials, Refractory and Metallurgy Industries (ECBM). Egypt exported copper to…
Staff Writer, Bizcommunity.com The newly amended Employment Equity (EE) Act which will aid workplace transformation in South Africa is set to come into operation on 1 September 2023. The amended EE Act of 1998 will empower the Employment and Labour Minister to regulate sector specific EE targets and to regulate compliance criteria to issue EE Compliance…
Staff Writer, Bizcommunity.com State-owned Botswana Power Corporation (BPC) has awarded Norwegian company Scatec ASA a contract to build a 50MW solar plant, the companies announced on Wednesday, 31 August. This is BPC’s first utility-scale renewable energy project as Botswana looks to boost power supplies and increase clean energy shares. Under the terms of a Power Purchase…
The first knockout competition in South Africa’s topflight, the MTN8, got underway as defending champions Mamelodi Sundowns made an impressive start thanks to goals from their new signings, Abubeker Nassir and Marcelo Allende. Sundowns beat Pretoria rivals SuperSport United 2-0 at Tuks Stadium on Sunday, 28 August, to progress to the semi-final of the competition….
Reuters News South African manufacturing activity expanded in August as business output rose while new sales orders declined at a slower pace than before, a survey showed on Thursday. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) was at 52.1 points in August from 47.6 points in July, rising above the 50-point mark that separates expansion…
Reuters News NAIROBI – Kenya’s consumer inflation rose to 8.5% year-on-year in August from 8.3% a month earlier, driven by increases in the price of food, transport and energy, the Kenya National Bureau of Statistics said on Wednesday. The August figure was the highest rate of inflation seen in Kenya since June 2017, when it was…
Staff Writer, Arab Finance Italy-based Eni is planning to carry out a number of solar and wind power projects with a total capacity of 10 gigawatts (GW) in Egypt within the upcoming years, according to a press release published on August 30th. In a meeting between Egyptian President Abdel Fattah El-Sisi and CEO of Eni Claudio…
Kehinde Akinseinde-Jayeoba, Nigerian Tribune Equities trading at the Nigerian Exchange Limited (NGX) on Monday was flat as the benchmark index shed one basis points to close at 49,676.75 basis points (bps). Basically, the All Share Index (ASI) marginally dipped by 0.01 per cent to settle at 49,676.75bps as against its previous close of 49,682.15bps. This outing…
Reuters News BANGUI – Central African Republic’s Constitutional Court on Monday ruled that the purchase of citizenship, “e-residency” and land using a cryptocurrency the government launched last month was unconstitutional. The “Sango Coin” went on sale on July 21 despite a sharp fall in bitcoin prices during recent months, and doubts over the project’s viability…
Reuters ABERGUINGREEN, Wales (Reuters) – Botanist Felicity Hayes inspects her crops in one of eight small domed greenhouses in the hills of Wales. Spring planted peas and papayas are green and green leaves, and soon bear fruit. In an adjacent greenhouse, these same plants look sickly and stunted. Pigeon peas are mature yellow with white…
