AFRICA BUSINESS

Comesa launches seed labelling, certification system

The Common Market for Eastern and Southern Africa (COMESA) has launched a regional seed certification and labelling system designed to enhance seed quality, strengthen cross-border trade, and improve ...

By Staff reporter | Published: 30 June 2025

AFRICA BUSINESS

Dr Elombi appointed new Afreximbank President

Shareholders of the African Export-Import Bank (Afreximbank) have appointed George Elombi as the new President and Chairman of the Board of Directors of the continental financial institution, marking ...

By Staff reporter | Published: 28 June 2025

AFRICA BUSINESS

Mangudya calls for equitable IMF fund disbursements

Former Reserve Bank of Zimbabwe (RBZ) governor and current CEO of Mutapa Investment Fund, John Mangudya, has urged the International Monetary Fund (IMF) to ensure equitable disbursements of funds to A...

By Staff reporter | Published: 28 June 2025

AFRICA BUSINESS

Intra-African trade up 12% on free trade area

Intra-African trade experienced a significant rebound in 2024, rising by 12.4 percent to reach US$220.3 billion, according to the African Trade Report 2025. This increase marks a strong recovery follo...

By Staff reporter | Published: 26 June 2025

AFRICA BUSINESS

SADC pushes for education reform to spur industry

Ministers from southern Africa have called for sweeping reforms to education systems across the region, citing the urgent need to align learning with industrialisation, regional integration and socio-...

By Staff reporter | Published: 24 June 2025

AFRICA BUSINESS

Starlink seller shuts down in South Africa

One of South Africa's biggest Starlink kit and accessories importers, IcasaSePush, has shut down operations.The company explained it was stepping back from the market as its continued presence was do...

By Staff reporter | Published: 10 June 2025

AFRICA BUSINESS

Ramaphosa gets a R26.5bn World Bank loan

The World Bank has approved a $1.5 billion (approximately R26.5 billion) loan to support structural reforms aimed at boosting South Africa's infrastructure.The Washington-based lender said in a state...

By Staff reporter | Published: 10 June 2025

AFRICA BUSINESS

South Africa seizes Starlink equipment

The Independent Communications Authority of South Africa's (Icasa's) investigation into Starlink distributor IcasaSePush has resulted in authorities confiscating the company's equipment.Icasa chair Mo...

By Staff reporter | Published: 03 June 2025

AFRICA BUSINESS

Tanzania bans US dollar

Tanzania has banned the use of foreign currencies for buying and selling goods and services inside the country. The Bank of Tanzania (BoT) announced the measure on May 2, stating that from now on, all...

By Staff reporter | Published: 21 May 2025

AFRICA BUSINESS

EFF slams Johann Rupert's state capture project

The Economic Freedom Fighters (EFF) has come out strongly against the inclusion of billionaire businessman Johann Rupert in a South African delegation set to meet former United States President Donald...

By Staff reporter | Published: 21 May 2025

AFRICA BUSINESS

Big swing for the South African rand

The rand has recovered significantly after the chaos of the past week, pulling back below R19 to the dollar as both the US tariff was and shakiness in the Government of National Unity (GNU) ease.Afte...

By Staff reporter | Published: 14 April 2025

AFRICA BUSINESS

South Africa's electricity prices have risen by over 600% since 2008

South Africa's electricity prices have skyrocketed by more than 600% since 2008, far outpacing headline inflation and becoming a key structural driver of rising costs across the economy. This relentl...

By Staff reporter | Published: 14 April 2025

AFRICA BUSINESS

Money, politics put world's biggest climate deal at risk

When Indonesia agreed last year to clean up its energy system with an estimated US$20 billion of help from a coalition of wealthy countries and large financial institutions, world leaders hailed the d...

By Bloomberg | Published: 12 September 2023

AFRICA BUSINESS

SA losing US$62 billion a year due to illicit financial flows

South Africa is losing more than US$62 billion a year because of illicit financial flows (IFFs), which could be used to fund the building of schools, hospitals and safer roads.This was highlighted at ...

By Staff reporter | Published: 12 September 2023

AFRICA BUSINESS

Break down trade barriers - AfDB chief

Elimination of barriers could potentially spur Africa's trade by 53 percent and eventually double in the medium term, Akinwumi Adesina, president of Africa Development Bank has said. Adesina made the ...

By Business Writer/AfDB | Published: 14 June 2019

AFRICA BUSINESS

South Africa moves to tighten job terms, expats fear expulsion

Foreign workers in South Africa with expertise deemed vital to the economy are worried that authorities will reduce the number of critical skills eligible for work permits, a move they say could force...

By Reuters | Published: 28 April 2019

AFRICA BUSINESS

Gold worth billions smuggled out of Africa

Billions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East - a gateway to markets in Europe, the United States and beyond - a Reu...

By Reuters | Published: 28 April 2019

AFRICA BUSINESS

South Africa introduces R50 and R500 coins to celebrate 25 years of democracy

The South African Mint has unveiled a set of new R50 and R500 collector coins, celebrating the country's 25 years of democracy."This week 25 years ago, South Africans went to the polls in the country'...

By Staff reporter | Published: 26 April 2019

AFRICA BUSINESS

Namibia mulls end to 25-year rand peg

Namibia is growing tired of the economic pain caused by the volatile rand and is considering ending a 25-year-old peg to the SA currency.The government in Windhoek is weighing options to amend the cur...

By Staff reporter | Published: 23 December 2018

AFRICA BUSINESS

South African billionaire defends white wealth

Johann Rupert, South Africa's second-richest man with a $6.3 billion fortune, spoke out to defend the stranglehold white people still have over the economy more than two decades after the end of apart...

By Bloomberg | Published: 06 December 2018

AFRICA BUSINESS

Comesa plans to set up regional energy regulator

THE Common Market for Eastern and Southern Africa (Comesa) plans to establish a regional energy regulatory authority to enhance sustainable energy investment and development.Comesa is a regional group...

By Staff reporter | Published: 16 July 2018

AFRICA BUSINESS

How to identify fake Mandela bank note or coin

The South African Reserve Bank (SARB) recently launched a new public awareness campaign alongside the introduction of the new Mandela commemorative series of banknotes and R5 circulation coin.As part ...

By Staff reporter | Published: 05 July 2018

AFRICA BUSINESS

Comesa Summit appoints Ngwenya successor

DELEGATES to the 20th Common Market for Eastern and Southern Africa (Comesa) Heads of States and Government Summit will appoint a new secretary general to the regional trading body next month to take ...

By Staff reporter | Published: 20 June 2018

AFRICA BUSINESS

Fitch Ratings affirms SA's rating at BB+

Fitch Ratings has affirmed SA's credit rating of junk status, warning of low growth and 'sizeable government debt'.Fitch kept SA's rating at BB+ with a stable outlook, as expected, after a host of mee...

By Staff reporter | Published: 15 June 2018

AFRICA BUSINESS

SAPP gets fresh mandate

THE Southern African Power Pool (SAPP) will construct a new facility in Zimbabwe to expand its existing home and cater for increased staff after getting a new mandate from its 12-member electricity pr...

By Staff reporter | Published: 07 June 2018
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