Tanzania’s gold mining sector has recorded a major boost in the last four years, with total gold production rising sharply from 18,210 kilograms in 2021 to 27,000 kilograms by 2025. …
Business and Economy
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Business and EconomyINVESTMENTPoliticsTANZANIA
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Business and EconomyFinance & ServicesGOVERNMENT
Kenya’s Dollar Reserves Hit $11.2bn as Shilling Holds Strong
Kenyan traders and importers have every reason to breathe a sigh of relief, as the Central Bank of Kenya (CBK) has confirmed that the country’s US dollar reserves are strong …
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AfricaAFRICA NEWSBusiness and EconomyEconomySouth AfricaTransportation & Logisitics
Fuel Prices Rise Across South Africa
Motorists and households in South Africa are facing a fresh round of fuel price hikes, with the cost of petrol, diesel, and paraffin all increasing as of this week. According …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusiness and EconomyEconomyFinance & ServicesNewsPoliciesSouth Africa
South African Inflation Expectations Crushed
South African analysts, business leaders, and trade unions have lowered their inflation expectations for the coming years, according to the latest survey released on Wednesday. This shift could encourage the …
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AfricaAFRICA NEWSBusiness and EconomyEconomyEnergyInfrastructureNewsSouthern AfricaZAMBIA
Zambia Launches Largest Solar Power Plant to Boost Energy Security
Zambia’s President, Hakainde Hichilema, on Monday officially opened the country’s largest grid-connected solar power plant, a major step towards strengthening the nation’s electricity supply. The 100-megawatt solar facility, located in …
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AfricaAFRICA NEWSBusiness and EconomyEconomyMarketsPoliciesSouth Africa
South African Rand and Bonds Strengthen on Optimism Over Possible Inflation Target Cut
South Africa’s financial markets showed signs of renewed strength on Tuesday, as the rand firmed and government bonds rallied, supported by growing investor optimism that the country could be moving …
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AfricaAFRICA NEWSBusiness and EconomyEconomyEnergyEnvironmentPoliciesUGANDA
Uganda to Begin Ethanol Fuel Blending in 2025
Uganda’s Ministry of Energy has announced a new fuel policy that will require all petrol sold in the country to be blended with locally produced ethanol starting January 2025, a …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusiness and EconomyEconomyEnergyInfrastructureSouth AfricaTransportation & Logisitics
SA Secures $474.6 Million Loan from African Development Bank
South Africa has secured a fresh $474.6 million loan from the African Development Bank (AfDB) to support the country’s ongoing efforts to improve its struggling transport and energy infrastructure. The …
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AfricaAFRICA NEWSBusinessBusiness and EconomyEnergyInternational RelationsNatural ResourcesNewsTrade and CommerceZAMBIA
India Sends Geologists to Zambia to Hunt for Copper
India has sent a team of its geologists to Zambia to look for copper and cobalt as part of its bigger plan to secure minerals needed for its clean energy …
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AfricaAFRICA NEWSBusiness and EconomyEconomyInternational RelationsManufacturingPoliticsTrade and Commerce
South Africa Seeks More Time to Finalize Trade Deal With U.S.
South Africa is requesting an extension from the United States government to allow more time for ongoing negotiations on a trade deal before a new U.S. tariff regime is set …