imbabwe Small scale miners are aiming to contribute US$4 billion to the targeted goal of turning the mining sector into a US$12 billion economy Zimbabwe Miners Federation (ZMF) announced. Read more.
Botswana’s exit from the Financial Action Task Force’s (FAFT) grey list and the European Union (EU) black list will be determined by the outcome of an on-site assessment that will be discussed at the FAFT Plenary in October 2021, the Minister of Finance and Economic Development, Peggy Serame, has said. Read more.
In almost two decades the defunct State-owned meat processor and marketer, Cold Storage CompanyCSC is set to resume normal operations after the investor injected US$6 million to capacitate the company in its bid to revive old and absolute infrastructure which has not been taken care of for the past two decades. Read more.
The favorable economic environment and stability in the property sector has positive outcome to the local property sector value with the average price for residential properties 11% up to P800K, Market for office space remains weaker due to COVID-19 and Construction developments at Gabs CBD to unlock growth, economic development analysts have said. Read more.
IFC and the Rwanda Development Board have signed a partnership agreement to develop vaccine manufacturing capacity in Rwanda and contribute to expanding vaccine production in Africa. Read more.
Mozambique Ministry of Economy and Finance (MEF) expects exchange rate to reach 68 meticais per US dollar by the year end 2021. Read more.
With the African Continental Free Trade Area (ACTFA) coming into force, Singaporean companies hope to invest more in Africa’s manufacturing industry, according to Linn Neo, the Regional Director – East Africa Enterprise Singapore. Read more.
The managing director of Kenmare Resources has said its titanium mineral mine in Mozambique has sufficient resources to support production – at the current rate – for more than 100 years and that the company had no plans to seek licences elsewhere. Read more.
IITA to establish fifth Alflasafe production facility in Mozambique, heightening fight against aflatoxin contamination. Read more