African Development Bank President, Akinwumi Adesina has called on Korean investors to seize untapped investment opportunities in Africa, especially in the energy and agriculture sectors. “Africa is a continent that cannot be ignored by investors,” Adesina said at a business forum attended by CEOs of Korean corporations, heads of financial institutions as well as ministers
Despite the prevailing difficult global economic conditions, South Africa’s economy continues to demonstrate its resilience, with multiple gains being achieved towards the country’s economy, investment and trade. These include the 0.6% expansion of the Gross Domestic Product (GDP) in the second quarter of 2023, a R5 billion investment pledge by auto component manufacturers, job creation
China has taken significant steps to strengthen its economy amid economic challenges and uncertainties. Ahead of a crucial Politburo meeting this week, where the country’s first-half economic performance will be reviewed, the Chinese government has unveiled a range of measures targeted at specific sectors and aimed at boosting investor confidence. One of the key focuses
South Africa’s vast reserves of critical minerals present a huge opportunity for the country to accelerate economic growth and boost employment creation while ensuring the energy transition is just and inclusive. In this regard, the South African government has implemented a number of measures aimed at scaling-up investment, increasing exploration and production while optimizing the
Stats SA has published the latest gross domestic product numbers for the third quarter of 2022, showing surprising growth of 1.6% in the quarter. The growth beat out market expectations by some margin – consensus among economists and analysts was that the economy would grow 0.4% for the quarter, given the heightened levels of load
Bitcoin and other cryptocurrencies do not pose a threat to the world economy, but should be monitored as the market “continues to evolve rapidly.” That’s the assessment of the Financial Stability Board (FSB), an international body that monitors the global economy. The observations were brought to light in a December 28 report by the Reserve
The Tertiary Education Trust Fund (TETfund) has predicted Nigeria would become the 14th best economy in the world by 2050. The Executive Secretary of the fund, Dr Abdullahi Baffa-Bichi said this during an interactive session with members of the Buhari Support Political Group, “One 2 Tell 10’’, on Wednesday in Kano. According to him, indices
Rwanda has earned Standard and poor’s (S&P), a corporate and sovereign rating agency, revised outlook to positive from stable and maintained the rating at B/B for long and short term. The rating, by the American independent credit rating agency, was released on August 10, 2018. Rating agencies like S&P are always non-governmental institutions or independent
In its bid to strongly drive its strategic business focus on rural economy, Unity Bank Plc has developed a product called NIRSAL Farmers Savings Account specifically designed as a platform to execute a key aspect of the service level agreement for the NIRSAL Unity Bank channel partnership to bank farmers in rural areas. NIRSAL, (Nigerian
NIPOST will use what3words to increase the number of homes it can deliver to and improve delivery services in preparation for the take-off of Nigerian e-commerce Nigeria’s postal service, NIPOST, has just announced its adoption of the innovative global addressing system what3words (www.what3words.com). Nigeria is the seventh country to adopt what3words, and the third in
