The Central Bank of Botswana has again decided to maintain the country’s main interest rate at 1.90%, marking the fourth time in a row that the rate has stayed unchanged. …
Banking, Finance & InvestmentEconomySouthern Africa
Tag:
SOUTHERN AFRICA
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Access BankAfricaAFRICA NEWSSouthern Africa
Access Holdings expands into Angola, takes over Finibanco S.A. Bank
by Editorby EditorAccess Holdings has completed its bid to gain a foothold in Africa’s second-biggest oil producer, Angola, about two and a half months after announcing it had scaled regulatory hurdles to acquire …
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AfricaAFRICA NEWSSouth AfricaSouthern AfricaZIMBABWE
Zim lithium miners to feel the heat as China ends EV subsidy
by Editorby EditorMINES and Mining Development permanent secretary Pfungwa Kunaka says China’s decision to lift electric vehicles (EVs) subsidies will lead to a sharp fall in lithium demand across producing countries, including …
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AfricaAFRICA NEWSMALAWISouthern Africa
Hitesh Anadkat, one of Malawi’s richest businessmen, amasses $73-million fortune in one year through FMB Capital stake
by Editorby EditorOver the past year, Hitesh Anadkat, a prominent Malawian banker and successful businessman, has amassed a multimillion-dollar fortune from his shares in FMB Capital Group. His stake in the Mauritius-based …
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AfricaAFRICA NEWSMALAWISouthern Africa
IMF says Malawi economy stabilizing under Chakwera
by Editorby EditorThe International Monetary Fund (IMF) has claimed that President Lazarus Chakwera’s government is making efforts in stabilizing the country’s economy. The IMF delegation led by first deputy manager Gita Gopinath …
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AFRICA NEWSBusiness and EconomyEconomyOil & Gas
Namibia has the potential to become one of the leading oil producers by the year 2035.
by Editorby EditorThe Prime Minister Hon Saara Kuugongelwa-Amadhila on Wednesday reaffirmed the government’s commitment to socioeconomic development and environmental stewardship, following the discovery of two light crude oil discoveries in Namibia in …
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AfricaAFRICA NEWSMOZAMBIQUE
Mozambique collects one billion meticais from Beluluane Park
by Editorby EditorThe Mozambican state has so far this year collected one billion meticais (15.7 million US dollars at the current exchange rate) in taxes in the Beluluane Industrial Park, on the …
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AfricaFinance & ServicesNewsSouth AfricaSouthern Africa
South Africa central bank raises key rate to 5.5%
South Africa’s central bank raised its benchmark interest rate by three-quarters of a percentage point to 5.5 percent on Thursday — the steepest hike in a decade. The move — …
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AfricaSouth AfricaSouthern AfricaTransportation & Logisitics
Air Mauritius to offer overnight flights from South Africa
Air Mauritius is set to resume non-stop flights from Cape Town to Mauritius in November this year. In a social media post on Tuesday (19 July), the airline announced that it would …