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Africa-news (597)

The South African government has unveiled a pipeline of 55 new catalytic infrastructure projects from various sectors valued at about R595 billion, that will create an estimated 538 500 employment opportunities.

In Zambia, the newly elected government announced an increase of US$2 billion in debt owed to foreign creditors.

Facebook blamed a global service outage that kept its social media apps offline for much of Monday on a problem with its network configuration, adding that it found no evidence that user data was compromised during the downtime.

The latest South African stock exchange opened on Thursday pledging to lure firms from across the continent with listing costs that are a third of that charged by the Johannesburg Stock Exchange.

Denny Kalyalya has been reinstated as Governor of the Bank of Zambia, a year after he was controversially dismissed by the former president. In a statement published September 27, newly elected President Hakainde Hichilema announced the appointment with “immediate effect”.

Zambia’s new finance minister, Situmbeko Musokotwane, said talks with the International Monetary Fund in Washington on Thursday were “very progressive” as the southern African nation sought funding needed to escape from a debt crisis.

Although South African Airways (SAA) is yet to conclude its transaction agreement with Takatso Consortium, Department of Public Enterprises (DPE) director-general Kgathatso Tlhakudi says it’s important that the airline starts flying and generates cash.

MTN announced to shareholders on Friday that IHS Towers is pursuing a potential registered initial public offering (IPO) on the New York Stock Exchange. 

Deloitte Africa has been named Africa Tax Firm of the Year by the 2021 International Tax Review (ITR) Europe, Middle East, and Africa (EMEA) Tax Awards.