Foreign investors have withdrawn a staggering $3.7 billion from South African equities since October 2024, marking the longest streak of outflows from the continent’s largest equity market in five years, …
Trade and Commerce
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Rand Weakens Sharply as Middle East Tensions Trigger Global Market Jitters
South Africa’s financial markets opened on a nervous note Friday morning, as the rand and government bonds came under sharp pressure following Israeli military strikes on Iran. The heightened geopolitical …
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AgribusinessDevelopmentEconomyGhanaInfrastructureTrade and Commerce
Ghana Validates First National E-Commerce Strategy
Ghana has taken a major step towards digital transformation by validating its first-ever National E-Commerce Strategy, aimed at boosting online trade, empowering small businesses, and supporting inclusive economic development across …
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DevelopmentEconomyInfrastructureTrade and Commerce
Algeria Cancels $5 Billion China-Backed Port Deal
Algeria has officially shelved the El Hamdania deep-water port project, a $3.3 billion initiative initially planned in partnership with China. The decision, confirmed by the Algerian Port Authority, attributes the …
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AgricultureEconomyFinance & ServicesKenyaManufacturingTrade and Commerce
Kenya’s Trade Deficit Narrows to Four‑Year Low as Export Gains Grow
Kenya recorded its lowest trade deficit in four years in the first quarter of 2025, helped by rising exports and falling fuel costs. The trade gap between imports and exports …
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AfricaAgricultureEconomyPoliciesTrade and Commerce
Malawi’s Maize Crisis Deepens as Traders Export Grain Amid Local Shortage
Malawi is facing another maize shortage even as some traders have started exporting the staple food, leaving farmers selling their produce below government-recommended prices. This troubling development comes at a …
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AFRICA NEWSBusinessBusiness and EconomyDevelopmentEastern AfricaInfrastructureManufacturing & Consumer GoodsNewsTANZANIATrade and Commerce
Tanzania Boosts Steel Industry with New ALAF Color Coating Line
DAR ES SALAAM, TANZANIA — In a major boost to Tanzania’s industrialization drive, ALAF Limited has launched a new Color Coating Line (CCL) with an annual production capacity of 75,000 …
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DevelopmentEnergyInfrastructureSouthern AfricaTrade and CommerceTransportation & LogisiticsZAMBIA
Zimbabwe and Zambia Sign MoU for Cross-Border Fuel Pipeline
HARARE, ZIMBABWE — Zimbabwe and Zambia have signed a landmark Memorandum of Understanding (MoU) to develop a new cross-border pipeline for the transportation of refined petroleum products, marking a key …
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EconomyInternational RelationsPoliciesTrade and Commerce
US Warns Zimbabwe May Miss Tariff Relief Deadline Amid Trade Talks Delays
HARARE, ZIMBABWE — Hopes for Zimbabwe to secure lower tariffs on its exports to the United States could be dashed due to time constraints, despite a temporary suspension granted by …
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BusinessDevelopmentEconomyEnergyInfrastructureINVESTMENTPoliciesTrade and Commerce
Zimbabwe to Ban Export of Lithium Concentrate by 2027
HARARE, ZIMBABWE – The government of Zimbabwe has announced that it will stop all exports of lithium concentrate starting January 2027. This is part of its broader plan to boost …