Tobacco production in Zimbabwe is expected to grow by nearly 9% due to good rainfall in 2020/2021 agricultural season. Read more.
Business and financial news from the African continent.
Zimbabwe tourism sector is expected to bounce back at the average annual growth of 6 % for both international and domestic tourism market amid government intervention with a $5.8 million scheme to support tourism industry. Read more.
The World Bank has revised up 0,2% real GDP growth for sub Saharan Africa with expectations for an estimated 2,3% in 2021 and 3,1% in 2022 as higher commodity prices expected to rise due to an uptick in global demand for commodities. Read more.
Namibia has recorded a negative trade balance in the first, three months of the year the latest national accounts figures released by the Namibian Statistics Agency indicate. Read more.
Malawi’s economic growth, largely buoyed by the agriculture sector, has witnessed an extra push from the financial sector’s stock market as business productivity increased following capital investment support from equity and debt access. Read more.
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.
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.
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.
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.