The Reserve Bank of Malawi (RBM) has extended its five-year capital markets development plan by one more year after falling short of several major targets due to tough economic conditions …
Business
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Banking, Finance & InvestmentBusinessCapital MarketGovernment Policy
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BusinessBusiness PoliciesLegal AffairsMobile AppsNewsSouth AfricaTechnology
Truecaller Under Investigation in South Africa Over Privacy Law Breach Complaints
The Information Regulator of South Africa has confirmed that it is investigating mobile app Truecaller after several companies and individuals complained that the service violated the country’s Protection of Personal …
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BusinessCurrencyEconomyFinanceMarketsRetailSales StrategySouth AfricaStock Market
South African Rand Strengthens on Higher Business Confidence and Retail Sales Growth
The South African rand gained further ground on Wednesday, helped by a weaker U.S. dollar and positive local economic data showing improved business confidence and retail sales growth. By mid-afternoon, …
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African AffairsBankingBusinessCorporate GovernanceFinanceMarketsSouth AfricaStock Market
Standard Bank to See Leadership Change in 2027
Standard Bank Group, Africa’s biggest bank by assets, has confirmed that its Chief Executive Officer, Sim Tshabalala, and Chief Financial Officer, Arno Daehnke, will step down from their roles by …
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BankingBusinessCorporate AffairsEconomic PolicyFinanceINVESTMENTNigeriaTradeTrade & Investment,
Stanbic IBTC Bank Wins Best Cash Management
Stanbic IBTC Bank has received top honours at the Cosmopolitan The Daily Business Awards, securing two prestigious titles — Best Cash Management Bank in Nigeria and Best Trade Finance Bank …
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BusinessCorporate AffairsEconomyMonetary PolicyNewsTaxationZIMBABWE
Treasury’s Tough Stance Raises Heat on Zimbabwean Companies
Zimbabwe’s corporate sector is facing fresh pressure after the country’s Finance Minister, Professor Mthuli Ncube, used his mid-term budget review to focus more on boosting government revenue than providing incentives …
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BusinessEnergyEnvironmentInfrastructureManufacturingRenewable EnergySouthern Africa
PPC Moves into Renewable Energy with Major Projects in Zimbabwe and South Africa
Pretoria Portland Cement Company (PPC), one of the largest cement producers in Southern Africa, is taking big steps into renewable energy as part of its long-term business strategy. The company …
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BusinessEconomyGovernanceNewsPublic FinanceZIMBABWE
Zimbabwe Finance Minister Warns Over Procurement Chaos Draining Treasury
Zimbabwe’s Finance Minister, Professor Mthuli Ncube, has raised alarm over what he calls “procurement chaos” in government ministries, warning that it is draining the Treasury and putting the country’s fragile …
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BankingBusinessDevelopmentEconomyEntrepreneurshipFinanceUncategorized
MSMEDA, Sign EGP 500m Deal to Fund Over 5,000 Micro Businesses
by Adeolaby AdeolaThe Micro, Small, and Medium Enterprise Development Agency (MSMEDA) and Banque du Caire have signed two major agreements worth a combined EGP 500 million to support micro-enterprises across Egypt. The …
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BusinessFinanceGovernment PolicyInfrastructurePublic Sector
Nigeria Clears Power Sector Arrears with ₦4 Trillion Debt Refinancing Plan
The Federal Government has approved a ₦4 trillion debt refinancing plan for Nigeria’s power sector, a move aimed at clearing long-standing arrears owed to power generation companies and improving electricity …