MTN, IHS reopen talks to resolve stand-off on governance issues
'The renewal of the various contracts across our markets into the next decade put MTN operations in the respective markets onto a more sustainable footing,' MTN Chief Executive Officer Ralph Mupita said.
View ArticleSouth African Development Bank aims to double renewable energy program
The state development bank also wants to proceed with a plan to set up an office that will manage auctions of transmission projects for the national grid.
View ArticleSouth African reform unit to focus on local government, housing
'We’ve got to sort out the municipality infrastructure to support the growth of our economy,' David Masondo said.
View ArticleShein hires ex-EU official to bolster lobbying as IPO nears
Shein faces a raft of issues including a debate whether to impose customs duties on cheap parcels — a potential game-changer for Shein and other low-cost online retailers like PDD Holdings Temu.
View ArticleChinese data expected to show economy still faltering
'We anticipate the data to reflect a sluggish start to the third quarter,' Carlos Casanova, senior Asia economist at Union Bancaire Privee, said.
View ArticleEl Niño triggers 3m ton corn deficit in Southern Africa
Farmers from Angola to Zambia and Mozambique suffered the worst dry spell in more than a century during the middle of the growing season earlier this year.
View ArticleSouth Africa, B4SA to focus on energy, freight, regulation fixes
South Africa’s biggest companies and the government have set up joint panels as part of a drive by businesses to work with the state to resolve issues holding back the economy.
View ArticleZambia holds rate for first time in almost two years
The monetary policy committee kept the rate at 13.5%, Governor Denny Kalyalya told reporters in the capital, Lusaka, on Wednesday.
View ArticleNamibia splits from South African rates for first time in year
The monetary policy committee cut the key rate by 25 basis points to 7.5%, Governor Johannes !Gawaxab told reporters on Wednesday.
View ArticleSouth Africa says rail firms’ poor performance costs jobs
The collapse of South Africa’s freight-rail services has driven iron ore and coal exports, two of the country’s biggest sources of foreign exchange, to multi-decade lows.
View ArticleWHO calls Mpox outbreak in Africa a global health emergency
Now a mutated strain of mpox — a virus that causes unsightly, painful rashes and lesions — has spread to at least six African countries, infecting about 15 000 people and killing more than 500 in the...
View ArticleIron ore hits lowest since 2022 as steel crisis rattles market
Futures of the steelmaking material retreated by as much as 2% to $93.70 a ton — the lowest intraday price since November 2022 — before trading at $94.60 at 10:19 a.m. in Singapore.
View ArticleNigeria’s rampant inflation set to ease after peaking at 34%
Ushering in some relief from a cost-of-living crisis that has fanned deadly protests.
View ArticleZimbabwe commissions wind-energy study
As part of an effort to increase electricity generation.
View ArticleUS jobless claims fall for a second week to lowest since july
Initial claims decreased by 7 000 to 227 000 in the week ended August 10, according to Labour Department data released Thursday.
View ArticleUS retail sales beat forecasts, defying calls of weaker consumer
The value of retail purchases, unadjusted for inflation, increased 1% in July and helped by a sharp snapback in car sales, Commerce Department data showed Thursday.
View ArticleCrypto hacks double to $1.6bn as prices jump, report shows
While the value of stolen funds stolen has surged, the number of hacks rose only marginally to 149 so far this year, up from 145 in the corresponding period of 2023.
View ArticleJapan’s stocks set for best week since 2020 as exporters rally
The Nikkei 225 Stock Average climbed 2.9% to 37 800.42 as of the morning session close in Tokyo, while the Topix index gained 2.4%.
View ArticleWorld’s first carbon removal bond to fund Amazon reforestation
Investors will earn a fixed guaranteed coupon, of approximately 1.745% annually, lower than ordinary World Bank bonds of similar maturity.
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