The government’s ongoing expenditure towards infrastructural development and investment in energy-efficient is encouraging the market demand for Zimbabwe Construction and Infrastructure companies as well as encouraging the involvement of companies that operate with technological advancements. Read more.
Business and financial news from the African continent.
The Namibian financial system remained resilient, withstanding the shocks of the country’s worst economic performance since independence and the pre-existing weak economic activity that was worsened by the COVID-19. Read more.
After a constant period of high economic growth with an average of not less than 5% per annum over the period 2010-2015, Namibia experienced a slowdown in real gross domestic product (GDP) in the past four years .
Namibia chamber of mines, a representative board of mining companies in the country is edgy over the delay in finalising the New Equitable Economic Empowerment Bill (NEEEF) which is set to push for improved local participation of the previously disadvantaged population in key sectors of the economy. Read more.
Lesotho could finally be on course to benefiting from its first mover advantage after leading medical cannabis grower MG Health announced acquiring accreditation to sell its products in the European Union (EU).
South Africa is expected to be the largest automotive industry in the continent however, increased competition from the used vehicle market and weak domestic demand - which is further compounded by constrained household finances and high unemployment remains the major concerns for the automotive industry in the country. Read more.
Namibia is mooting establishment of an agriculture centred insurance product to mitigate the devastating effects of natural calamities like drought and floods on the sector
The 2020 performance of Malawi’s banks listed on the stock market has sent signals indicating high investment yields in capital gains and dividend payouts. Read more.