Zambia’s president Hakainde Hichilema says he seeks to fortify relations with the European Union to foster trade and economic development in that country. Read more.
Business and financial news from the African continent.
The lifting of the covid-19 restrictions and subsequence opening of the tourism sector to the island nation is fuelling a rise in the value of the Seychelles rupee against all other currencies in Africa, making it among the top 10 performing currencies in Africa this year, according to a financial news outlet. Read more.
The newly inaugurated president of Zambia Hakainde Hichilema has promised the country with 10% growth per year during his five-year term in power as discussions with the International Monetary Fund (IMF) over provision of financial support continue. Read more.
Pan-African investment platform Africa50 has announced the creation of a new US$500 million fund called the Africa50 Infrastructure Acceleration Fund, aimed at catalysing further investment flows into African infrastructure.
Two home-grown Malawian entrepreneurs, Manuel Mangazi and Joseph Mponda, saw a tourism market potential at the feet of the granitic Dzimwe hills under a canopy of tropical savannah climate miombo trees that meet the crystal clear southern lakeshore sandy beaches of Lake Malawi, one of the world’s fresh water bodies, at Monkey Bay in the tourist district of Mangochi. Read more.
The exceptional retail sales figures that were released last week has caused a substantial rally in the Dow and S&P as both are at or approaching their recent highs. Read more.
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.
The Africa Resilience Forum is a flagship African Development Bank event which brings together key stakeholders across government, civil society, the private sector, and international partners. Read more.
The Board of Directors of the African Development Fund a subsidiary of African Development Bank approved a loan of around $116 million to the Tanzanian government to upgrade a 160-km Mnivata-Newala- Masisi road corridor in the southern part of the country. Read more.
Investors pocketed gains that had accumulated during the week as Nigerian stocks fell by 0.71% on Monday. Read more.