Southern Africa
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Zimbabwe Bank Secures $15 Million Trade Deal from AfDB for SMEs
The African Development Bank (AfDB) and NMB Bank Limited Zimbabwe (NMB) have signed a $15 million trade deal for Small…
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South Africa Issues First Operating License to 39 Crypto Firms
South Africa’s Financial Sector Conduct Authority (FSCA) has granted operating licenses to 59 cryptocurrency firms as of March 12, 2024.…
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Over 7,000 South Africans to Lose Jobs in Platinum Amid Cost-Cutting Measures
The platinum group metals (PGM) industry in South Africa is considering a restructuring plan due to increasing costs and declining…
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MultiChoice Declines $2.5 Billion Acquisition Offer from Canal+
MultiChoice, a Pan-African Pay-tv operator, has rejected a $2.5 billion acquisition offer from French media company, Canal+. The company said…
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Dubai’s DP World Wins $2 Billion Extension For Maputo Port
Mozambique has secured a 25-year extension for the operation of its largest port, Maputo, by a consortium of companies led…
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US Takes Up China’s Infrastructure Mantle in Africa
The U.S. State Department confirmed that Washington’s plan to refurbish and extend the Lobito Corridor — a railway that will…
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Amazon Sets Date to Open $225MN First Online Shop in Africa
U.S. e-commerce firm Amazon announced it will launch its online shopping service in South Africa in 2024, entering a market…
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AfDB Grants Mozambique Ksh.987.5 million for business environment, governance
The Board of Directors of the African Development Fund has given the green light to a grant of Ksh.987.5 million…
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South Africa producer inflation eases to 2.7% in July
South Africa’s producer inflation eased to 2.7% year on year in July from 4.8% in June, Statistics South Africa said…
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Kenya keen on increasing trade volumes with Mozambique
The President explained that between 2018 and 2022, imports from Mozambique increased from Ksh.3.2 billion to Ksh.5.2 billion, while Kenyan…
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