The new administration has announced plans to reform the credit information sharing system in a bid to lower the cost of loans for micro and small businesses. President William Ruto …
Banking, Finance & InvestmentEastern AfricaEconomy
Category:
Economy
- AfricaAFRICA NEWSAgricultureBusinessEconomyFood ProductionNewsNigeriaWestern Africa
Nigerian government grants cashew processors five-year tax relief
Nigerian companies involved in cashew processing will enjoy income-tax-free for three years which can be extended to five years. This move is part of the government’s efforts to diversify the …
- AgricultureEconomyEthiopiaFinance & Services
Agricultural machineries and inputs importers are eligible to access loan from leaders
Importers of agricultural machineries and inputs are eligible to access loans from external lenders, following a directive amendment by the National Bank of Ethiopia (NBE). The amended directive, which came …
- AfricaAFRICA NEWSEconomyEnergyNewsSouth AfricaSouthern Africa
South African government turns to wind amid energy crisis
The South African government has increased the wind energy allocation for Renewable Energy Independent Power Producer Procurement Programme bid window six to 3.2GW due to the urgent need for increased capacity …
- AfricaAFRICA NEWSEconomyNewsSouthern AfricaSponsoredTransportation & Logisitics
South Africa imposes higher anti-dumping duties on tyres from China
The South African government has announced new anti-dumping duties of 38.8% on imported tyres from China. Currently, the duties on eight sizes of tyres, for cars as well as large …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyNewsSouth AfricaSouthern Africa
AFDB appoints Nomfundo Xenia Ngwenya as the new executive director for South Africa, Eswatini, and Lesotho.
The African Development Bank(AFDB) has named five women including South Africa’s Nomfundo Xenia Ngwenya as executive directors for a three-year term. In total, 12 executive directors were appointed, according to …
- Banking, Finance & InvestmentEconomyMorocco
Malika Dhif has been Appointed by AFDB as the New Executive Director for Morocco, Togo and Tunisia
Malika Dhif, former deputy director at Morocco’s Directorate of Treasury and External Finance, has been appointed as the new executive director for Morocco, Togo, and Tunisia at the African Development …
- AFRICA NEWSBusinessEconomyMorocco
French Farmers Unions Launch a Campaign Against Morocco’s Tomato imports to France
A consortium of French farmers’ labor unions is launching a campaign against Morocco’s tomato imports to France, saying that they are “unfairly competitive.” In a joint press release, the French …
- BusinessEastern AfricaEconomyTransportation & Logisitics
New Cargo Vessel Links Kisumu Port to EAC Region for the transportation of goods
A 2,000 tones capacity Marine Vessel, Pamba Wagon Ferry owned by Mango Tree Group commenced the transportation of goods from the Kisumu Port to the East Africa region on Monday. …
- Eastern AfricaEconomyOil & Gas
Fuel shortage hits ahead of price as investors sanguine in market stocks
Motorists have been hit by a fuel shortage following rationing to some retail outlets in Nairobi amid fears that marketers have cut volumes in anticipation of higher prices from Wednesday …