South Africa’s rand made gains on Monday, strengthened by a surge in gold prices and growing optimism about a potential agreement between the country’s two largest political parties on the …
BusinessEconomyFinance & ServicesMarketsPolitics
- BusinessEconomyManufacturingPolitics
South Africa’s Manufacturing Sector Faces Challenges but Sees Slight Improvement
In March, South Africa’s manufacturing sector continued to face challenges, according to the latest Purchasing Managers’ Index (PMI) survey. The index, which measures the performance of the manufacturing industry, showed …
- AfricaBusinessEnergyFinance & Services
Standard Bank almost doubles sustainable finance commitments to R450 billion
Standard Bank Group, Africa’s biggest bank by assets, has raised its sustainable finance targets by 80% to R450 billion in the next three years. This move is part of the …
- EconomyEgyptGOVERNMENTNorth AfricaTravel & Tourism
ETF: Tourism in Egypt Increases by 15% Due to Government Strategies
Hossam Hazaa, a member of the Egyptian Tourism Federation (ETF), has stated that tourism rates in Egypt have increased by 15% to 20% in some areas. He attributed this growth …
Egypt’s Prime Minister, Mostafa Madbouly, has announced that the country’s unemployment rate dropped to 6.4% in the fourth quarter (Q4) of the 2024/2025 fiscal year. This marks one of the …
- Banking, Finance & InvestmentEconomyNigeriaWestern Africa
GTCO Records 107.8% Profit Growth, Hits N1.26 Trillion in 2024
Guaranty Trust Holding Company Plc (GTCO) has announced an impressive 107.8% growth in profit before tax, reaching N1.266 trillion for the financial year ended December 31, 2024. This marks a …
- Business and EconomyINVESTMENTManufacturingNigeriaWestern Africa
Multinationals’ Exit from Nigeria Creates Opportunity for Local Detergent Manufacturers
The exit of several multinational detergent companies from the Nigerian market has opened up a new opportunity for local manufacturers to meet the growing demand for premium detergents. The gap …
- Business and EconomyEastern AfricaKenyaPoliciesTrade and Commerce
Kenya Becomes Africa’s Largest Importer of Second-Hand Clothes
Kenya has been named the largest importer of second-hand clothes in Africa, a title that highlights the country’s ongoing struggle to revive its textile industry while serving as a dumping …
- BusinessEnergyFinance & ServicesInsuranceINVESTMENTNigeriaWestern Africa
AfrexInsure Partners with Oando to Strengthen Investment Protection
AfrexInsure, the speciality insurance subsidiary of the African Export-Import Bank (Afreximbank), has onboarded Oando Plc as a strategic partner to protect the bank’s investment in Oando’s operations in Nigeria through …
- BusinessEntrepreneurshipFinance & ServicesNigeriaWestern Africa
STL Trustees Empowers Women Entrepreneurs with N3m Grants
Leading trust company STL Trustees has awarded a total of N3m in grants to 30 women-led businesses through its newly launched STL FundHer initiative. According to a statement from the …