Namibia has effectively adopted a mining act which makes it mandatory for any future investments in the lucrative extractive sector to reserve a minimum of 15 percent ownership for locals. Read more.
Business and financial news from the African continent.
South Africa’s Gross Domestic Product growth is envisaged to grow by 3% in 2021 after contracting by 8% last year, the African Development bank (AfDB) has announced. Read more.
Investment across the Sub Saharan Africa region remains dependent on a sustained improvement in oil prices, which also remains subject to downside risks and uncertainty, an international research firm has said. Read more.
The USD60 Billion liquefied natural gas (LNG) projects is under threat and risk in Mozambique northern province Cabo Delgado due to long standing conflicts between the Mozambique government and Islamist insurgence. Read more.
The Zimbabwean government plans to speed up exploration, evaluation and digitalization of selected reserved mining areas under the Ministry of Mines and Mining Development as part of wider measures to achieve a USD12 billion mining industry by 2023. Read more.
Liquidity challenges, steep lending rates and high operational costs are hampering growth for many Zimbabwean companies. Read more.
Lack of access to appropriate financing models is a fundamental weakness of Zimbabwe’s agricultural system which limits growth in both commercial and smallholder agriculture despite having good climate, good rainfall and fertile soils. Read more.
Weakening flows in development aid financing and foreign direct investment (FDIs), two of Malawi’s economic drivers, meet at crossroads amidst a crisis that has left world economies shaking. Read more.
THE Reserve Bank of Zimbabwe (RBZ) this month march 2021, has gone to the market seeking to raise $400 million through the issuance of 270-day Treasury Bills to fund Government programmes and cashflow management with the previous TB action held in August 2019. Read more.