China Quietly Increases Purchases of Low-Priced Russian Oil

China is quietly ramping up purchases of oil from Russia at bargain prices, according to…

Water Outages Loom Over Major South African Hub

Hundreds of thousands of people in one of South Africa’s most important economic regions risk…

AfDB Board Okays $1.5bn to Avert Food Crisis in Africa

The Board of Directors of the African Development Bank Groups (AfDB) on Friday approved a…

Vodacom: Mobile Money Woes in Tanzania Dent International Portfolio Performance

The Vodacom Group has reported R102.7bn ($6.9bn) in revenue generated mostly in South Africa. Meanwhile,…

UN Drops Forecast for Global Economic Growth in 2022 to 3.1%

The United Nations on Wednesday significantly lowered its forecast for global economic growth this year…

SA Hikes Rates by Most Since 2016 With More to Come

South Africa’s central bank raised its benchmark interest rate by the biggest margin in more…

New South Africa Agro-Processing Masterplan to Transform Sector

Agriculture, Land Reform and Rural Development Minister Thoko Didiza has told a mini-plenary of the…

SA, Namibia Among New African Green Hydrogen Alliance’s Founding Members

South Africa, Namibia and four other African countries on May 18 formally launched the Africa…

Mining and Drilling Outside Russia is “Not a Viable Response” to Ukraine War, Climate Scientists Say

It is now clear that keeping fossil fuels in the ground is the single biggest…

Citi, British International Investment Agree $100 million Risk-Sharing Lending Deal for Africa

British International Investment (BII) and U.S. bank Citigroup Inc (C.N) have signed a $100 million risk-sharing facility…