Botswana’s economy is headed for a potential meltdown as the national budget deficit is projected to deepen to P7.8 billion. 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
Seed producer, Seed Co Zimbabwe has completed setting up its new US$12 million artificial seed drying plant at Stapleford, Mt Hampden, Zimbabwe which will enhance early seed availability for sale post-harvest. Read more.
Spurred by demand, rough diamond production at the world’s leading diamond mining and producing company, De Beers, increased by 134 percent to 8.2 million carats in the second quarter (Q2) of 2021 that ended 30 June 2021. Read more.
Botswana’s diamond production decreased by 12.1 percent during the first quarter of 2021 compared to the same quarter of the previous year, The Botswana Gazette can reveal. Read more.
Zimbabwe’s largest beverages maker, Delta Corporation, registered a 114 % growth in revenue for the first quarter to June 2021, in inflation adjusted terms, on volumes recovery driven by relaxed Covid-19 tight lockdown that disrupted business in the same period last year. Read more.