Browsing: Southern Africa Business

Health minister Dr Zweli Mkhize said on Thursday that the South African government will be the sole buyer of the vaccines for the country

The FTSE/JSE Africa All Share Index advanced 1% as of 4:07 p.m. in Johannesburg, extending its gains this week to more than 7%, showing the best performance over the first five trading sessions of the year since 1999.

According to the World Customs Organisation (WCO), inconsistent and obsolete laws and regulations, and resistance to change and lack of transparency in Customs administration operations in most African countries are major challenges to ensuring that the free trade takes off and continues uninterrupted in the operational phase starting this month.

On Monday night, South African President Cyril Ramaphosa announced an extension of the curfew restricting movement in the country between 6 am and 9 pm.

43 ships with different cargoes are currently stuck in Lagos waters as congestion stalls operations at Nigeria’s busiest ports, the TinCan Island Port and Apapa Port…

The African Continental Free Trade Area (AfCFTA), which brings together all the African countries with a combined gross domestic product of $3 trillion, had initially been scheduled to be launched on July 1. The implementation was postponed for six months due to the Covid-19 global pandemic that led to lockdowns and restricted movement.

He said the speed of the economic recovery process from the pandemic will depend on collective responsibility and the financial capacity of developing countries to address immediate shocks, stabilize their economies, and invest in growing back.

Nigeria’s yearly exports to South Africa are in excess of $3.8 billion, making it Nigeria’s biggest trading partner on the continent. The Consul General of Nigeria…

South Africa’s earnings have substantially increased in the third quarter of 2020 as exports shone through on continued recovery in global demand. Data from the South…

Namibia’s Airports Company (NAC) on Wednesday said Turkish Airlines has commenced scheduled cargo operation once a week on Istanbul-Johannesburg-Windhoek route. The newly commenced cargo route is…