Browsing: Southern Africa Business

The African Development Bank (AfDB) Group has approved a loan of $4.25m to Lesotho to broaden the country’s tax base and boost government revenue. The fund…

Botswana, Africa’s leading diamond producer has unearthed yet another huge diamond stone. The new discovery is a huge 1,174-carat surpassing a similar discovery in the country…

Another new note is being introduced into Zimbabwe. A new 50 Zimbabwe dollar note will be in circulation from Wednesday, according to a statement from the…

The COVID-19 pandemic has reinforced several truths about the detrimental effects of Africa being over-reliant on western and international stakeholders to solve its health challenges and…

The government receives as much as 80 per cent of the income from Debswana’s sales through dividends, royalties and taxes.

Nigeria’s Consul General to South Africa Malik Abdul also said South Africa imported R35 billion ($2.48 billion) worth of goods, mainly crude oil from Nigeria, and exported R6 billion ($425milion) to Nigeria.

Anticipation, and many other emotions had run wild among South Africans before Finance Minister, Tito Mboweni read out the 2021 budget proposal. Even organised labour prepared…

Apart from parting with the lease rate, Air Namibia may forfeit N$94 million security deposit currently domiciled with the lessor.

The Spokesperson of Malawi’s Ministry of Agriculture Gracian Lungu has stated that the country’s cotton production will see a 70% decline in 2021 with attendant impacts on the country’s forex.

In a report, Partech Partners said companies on the continent raised $1.43 billion in 2020, down by 29% from a year ago, which was just two deals above $50 million closed last year compared with 10 in 2019.