News from across Africa covering business, markets, policy and development in North, West, East, Central and Southern Africa.
African countries will only benefit from the African Continental Free Trade Area (AfCFTA) if the continent invests in value addition. South Africa’s President Cyril Ramaphosa wondered why Africa is still …
Egypt’s Suez Canal revenue plunged by almost half in January, a top official said, after attacks by Yemeni militants on Red Sea vessels According to a Bloomberg report, Suez Canal …
Highly indebted African countries are facing stark trade-offs between servicing expensive debt, supporting high and growing development needs, and stabilising domestic currencies. Government debt has risen in at least 40 …
The sixth International Day of Education was observed last week. This is a day dedicated to celebrating the profound impact of education as a fundamental human right and a catalyst …
Global technology company, Epson has set up a school donation programme that will see schools in Africa receive printers, projectors, and visualizers. The company has set out on this journey …
The International Monetary Fund (IMF) slashed South Africa’s economic growth outlook for the year by about half. Initial growth estimates sat at 1.8% for 2024, but the Washington-based lender’s revised …
PayPal Holdings will reduce its workforce by about 9% as Chief Executive Officer Alex Chriss, who took over in September, grapples with rising competition, profit pressures and a raft of …
The Johannesburg High Court last week rejected an application for the eviction of illegal occupants in two formerly commercial buildings in Doornfontein, Johannesburg, saying there does not appear to be …
The rand was little changed early on Wednesday, ahead of an interest rate decision by the Federal Reserve. At 0732 GMT, the rand traded at R18.78 against the dollar. The …
China has granted its first development loan under its “project whitelist” mechanism, the country’s official Securities Times reported on Wednesday. The loan worth 330 million yuan ($46 million) to a …
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