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.
Business and financial news from the African continent.
The Chinese economic transformation, which has seen the country emerge as a force to reckon with in the 21st century has attracted trade, economic and political partnerships with different countries across the world, including Malawi. Read more.
Established in 1925, The Foschini Group (TFG) is a South African clothing group that was listed on the Johannesburg Stock Exchange in 1941, trading under a wide range of brands with over 3,000 stores that form part of its portfolio.
Zimbabwe’s Rainbow Tourism Group (RTG) posted an inflation adjusted 95% rise, $164 million pre-tax profit, during the half year ended as at June 30th 2021 from $84 million pre-tax profit prior the same period. Read more.
Established in 1998, Curro Holdings, Limited (Curro) is a leading for-profit independent school provider in South Africa, actively involved in the development, acquisition, and management of independent schools for learners that range from the age of three months to Grade 12. Read more.
Nigerian equities rose 0.38% in mid-week trading to reach their highest level in more than eight months, just before of the third quarter earnings season, which is anticipated to start any day now. Read more.
The Tanzania Agricultural Development Bank (TADB) has approved a loan of Tzs 435,500,000/= for the establishment of a small cashew processing factory to increase its value. Read more
Windhoek-Namibian Minister of Finance Ipumbu Shiimi has taken the fight against contraband goods entering the country as well as stamping illicit financial flows to another level after launching a sophisticated container terminal at Walvis Bay Port. Read more.
The German government has pledged to contribute €100 million to the African Development Bank’s Sustainable Energy Fund for Africa (SEFA), affirming its commitment to efforts to tap Africa’s renewable energy potential and drive its transition to clean energy sources. Read more.
Nigerian Stock Exchange investors totalled N80.44 billion in losses on Monday as stocks reversed a nine-day uptrend. Read more.
The increase means that household consumers must now fork out R0.80 for a unit of electricity when they used to pay R0.73 per unit. Read more.