The Brief is an online news portal and going source with a focus on the Namibian business sector, current affairs, companies and financial markets.
+264814612969
May 30, 2023
Africa-news (592)
Zambia plans to import fuel from its oil-producing neighbour Angola in the government’s push to lower pump prices and stem supply shocks.
MTN has joined forces with Lndr, a registered local credit provider, to offer personal loans via its Mobile Money platform, MoMo.
MultiChoice Africa has announced the appointment of Dr. Keabetswe Modimoeng as Corporate Affairs and Stakeholder Relations Group Executive for MultiChoice Africa, effective January 2023. Dr. Modimoeng will report to Collen Dlamini, the Group Executive Corporate Affairs, and will be a member of the MultiChoice Africa Executive Team.
Botswana posted a budget surplus for the six months through September, driven by surging demand for diamonds as buyers flocked to the African nation and avoided Russia following its invasion of Ukraine.
Although 2022 was a challenging year for numerous South Africans, the country’s billionaires are starting the new year with even more money in the bank.
Zimbabwe has registered its largest wheat harvest in 2022, 375,000 tons, making the austral African country a self-sufficient agricultural powerhouse.
Samsung remains the best-selling smartphone brand in the world, even if its year-on-year sales have taken a massive hit.
American firms have pledged billions of US dollars to projects across Africa in the ongoing US-Africa Leaders Summit. Visa plans to spend US$1 billion (R17 billion) across all 54 African countries, expanding its footprint and technology platforms in the next five years. Some of the money will go towards local strategic partnerships with governments, local financial institutions, mobile operators, FinTech, and merchants.
The US government is exploring ways of renewing a preferential trade programme that gives countries in sub-Saharan Africa preferential access to US markets, allowing them to export products tariff-free.
FTX Co-Founder Sam Bankman-Fried was accused by US regulators of carrying out a multi-year scheme to defraud investors.
More...
The US’s resolve to claw back lost influence in Africa will be put to the test this week when dozens of the continent’s leaders and officials gather for three days of talks with their American counterparts in Washington.
Uganda said on Friday it would not renew South Africa power firm Eskom’s licences to run two hydropower stations when they expire in March next year, as part of plans to bring the electricity sector under government control to reduce costs to consumers.
The UK approved opening its first deep coal mine in more than 30 years, risking backlash from activists portraying the project as a backward step in meeting ambitious climate goals.
Developing nations may need to find as much as US$2.5 trillion over five years to meet external debt-service costs as interest rates rise and poorer countries struggle to refinance borrowings, a Finance for Development Lab model shows.