ZIMBABWE’S government will maintain the country’s multi-currency system and legislate the use of the US dollar for the next five years, finance minister Mthuli Ncube said on Monday. ‘The market’s lack of confidence in multi-currency is causing us problems, but…
NAMIBIA and Germany Friday signed a Financial Cooperation Agreement that will see the latter providing about $170 million in a loan on favourable terms to support economic development in Namibia, a joint statement by the two governments said. The loans…
STANDARD Bank Group is bringing together institutional investors, policymakers and top African corporates to discuss Africa’s growth and investment opportunities at its flagship international event, the Africa Investors’ Conference. The event, in collaboration with ICBC Standard Bank, will take place at…
ECONOMIC growth in Mozambique is expected to accelerate in the medium term, averaging 5.7 percent between 2022 and 2024, as demand recovers and the economy benefits from the start of liquefied natural gas production this year, the World Bank said…
THE African Development Bank (AfDB) has approved a €39.62 million loan to Cameroon to improve road access to the industrial and port areas of Kribi, in the south of the country. Designed for implementation of the second phase of the…
THE African Development Bank (AfDB) is setting up youth entrepreneurship investment banks that will help grow youth-based wealth for Africa’s young population, the bank’s president, Akinwumi Adesina, announced Tuesday. The banks, to be rolled out by the end of this…
They met Malt drink at #100 but now it is #250 They met coca cola at #60 but now it’s #200 They met cooking gas @ #150 per KG but today it is #800 They met a bag of cement@#2000…
ZIMBABWE President Emmerson Mnangagwa oversaw the groundbreaking of a $300 million spodumene project at the Bikita Minerals mine. It’s hoped the spodumene project will ramp up lithium production and extend the life of Zimbabwe’s oldest mine. According to the official The…
TANZANIA, with its 57.54 trillion standard cubic feet of natural gas reserves, has the potential to become a regional and global energy hub. With global liquefied natural gas (LNG) prices anticipated to increase and peak in 2025, and supply deficit…
MULTILATERAL and bilateral lenders on Wednesday made a series of pledges to support Cote d’Ivoire’s 2021-25 Development Plan totalling $26.1bn, Prime Minister Patrick Achi said. The West Africa Development Bank pledged 1 billion euros, the African Development Bank $4.3bn, the…
