JOHANNESBURG, South Africa – June 9, 2025: The South African rand opened the week on a quiet note, holding steady against the U.S. dollar in early trading on Monday. The …
Economy
- Banking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTInternational RelationsMarketsPoliciesSouth Africa
- AfricaAFRICA NEWSBusinessBusiness and EconomyBusiness PoliciesEconomy
Botswana Pauses Diamond Production as Global Market Slumps
GABORONE, Botswana – The Debswana Diamond Company, a joint venture between the Government of Botswana and global diamond giant De Beers, has announced a temporary suspension of production at some …
- AFRICA NEWSEconomyInfrastructureINVESTMENTNigeriaPolicies
Experts Advocate Strategic Partnerships, Investment to Bridge Africa’s Infrastructure Gap
LAGOS, Nigeria – Stakeholders have stressed the urgent need for massive infrastructure development across Africa to drive sustainable economic growth, job creation, and industrial competitiveness. This position was made known …
- DevelopmentEconomyEnvironmentHealthcarePoliciesTravel & Tourism
Plastic Pollution Threatens Nigeria’s Tourism and Public Health.
Plastic pollution is increasingly jeopardizing Nigeria’s tourism industry, public health, and marine ecosystems, according to experts from the Association of Professional Women Engineers of Nigeria (APWEN). Speaking at a public …
ABUJA, Nigeria — The Federal Government has said the removal of petrol subsidy by President Bola Ahmed Tinubu has ended a longstanding economic drain, saving Nigeria over $84 billion and …
- BusinessEconomyFinance & ServicesInsuranceMarketsNews
Cornerstone Insurance Grows Profit by 87% in 2024.
Cornerstone Insurance Plc has posted a strong performance for the 2024 financial year, recording a profit after tax (PAT) of N25.89 billion, a massive jump of 87.11 per cent compared …
- EconomyELECTRICITYEnergyGOVERNMENTInfrastructure
Power Sector Crisis: DisCos Lose Over N202bn in Q1 2025
Nigeria’s electricity distribution companies, popularly known as DisCos, are once again in the spotlight as revenue shortfalls continue to haunt the sector. In the first quarter of 2025 alone, the …
- BusinessEconomyEnergyGlobal NewsGOVERNMENTInfrastructureINVESTMENTSouth Africa
Transformation Is Key to South Africa’s Economic Growth – BLSA CEO
Chief Executive Officer of Business Leadership South Africa (BLSA), Busisiwe Mavuso, has said that South Africa’s economic future depends heavily on transformation and continuous reforms. She made this known in …
- BusinessEconomyGOVERNMENTInfrastructureLeadershipTransportation & Logisitics
Over 300,000 Trucks Jam Richards Bay Port as South Africa’s Rail System Breaks Down
South Africa’s biggest bulk export port, Richards Bay, is now struggling to cope with heavy truck traffic due to the ongoing collapse of the country’s rail system. According to reports, …
- EconomyFinance & ServicesManufacturingMarketsTrade and Commerce
Dollar Weakens Ahead of Key U.S.-China Trade Talks in London
The U.S. dollar fell against all major global currencies on Monday as market optimism sparked by a strong American jobs report was quickly overtaken by investor caution ahead of high-stakes …