Africa-Press - Malawi. The local unit, the Malawi Kwacha, registered a mixed performance against other major currencies in the first quarter of 2025 (between January and March), figures show.
During the quarter under review, the Kwacha appreciated against the United States Dollar, but weakened...
Malawi Kwacha in quarter 1 mixed performance
Reputation worth more than riches
Africa-Press - Zimbabwe. In the fast-paced world of business and personal success, wealth is often viewed as the ultimate measure of achievement.
Many individuals and companies strive to accumulate riches, in the belief that financial prosperity equates to power and influence.
However, as the...
ESWATINI TO MARKET ITSELF AT THE 2025 JAPAN WORLD EXPO
Africa-Press - Eswatini. Eswatini has been presented with a remarkable opportunity to showcase its unique features at the prestigious 2025 Japan World Expo.
The event, scheduled to run from 13th April 2025 to 13th October 2025, will welcome over 170 countries and inter-governmental organisations...
Malawi courts 40 Chinese investors
Africa-Press - Malawi. About 40 investors from China are seeking to invest in the Special Economic Zones (SEZs), the Malawi Investment and Trade Centre (MITC) has said.
It says the would-be investors are expected to come to Malawi for exploration,
MITC Director General Kruger Phiri said the...
NEW CHAPTER FOR MATSANJENI: GENERATIONS INC. TO REVIVE LOCAL FACTORY AND RESTORE JOBS
Africa-Press - Eswatini. In a significant development for the people of Matsanjeni South, hope is being restored as the Ministry of Commerce, Industry and Trade has confirmed that Generations Inc., a reputable South African textile company, will take over operations at the Matsanjeni Factory.
The...
Bayelsa Govt reveals secret behind state’s IGR surge to N4.2bn
Africa-Press - Nigeria. The Bayelsa State Internal Revenue Service, BIRS, has explained the reason behind the state’s internally generated revenue surging by 320 per cent to reach N4.2 billion.
In a statement on Saturday, BIRS attributed the historic revenue increase to the introduction of an...
Reserve Bank says inflation target review still on the cards
Africa-Press - South-Africa. The Reserve Bank says a review of its inflation target is still on the cards as monetary policy heads meet for the central bank’s biennial conference this week.
The two-day meeting kicked off in Cape Town on Thursday.
It comes on the backdrop of an increasingly...
China Reaffirms Commitment to Advancing Sierra Leone’s Energy Sector
Africa-Press - Sierra-Leone. The Chinese Ambassador to Sierra Leone, Wang Qing, paid a courtesy call on the Energy Sector Lead, Dr. Kandeh Yumkella, on Thursday, 27th March, 2025, at the Ministry of Energy’s Conference Room to highlight China’s commitment to strengthening bilateral relations...
Mozambique: Central bank reduces interest rates
Africa-Press - Mozambique. The Monetary Policy Committee of the Bank of Mozambique (CPMO), meeting in Maputo on Wednesday, reduced the bank’s benchmark interest rate, the MIMO rate, by 50 base points, from 12.25 to 11.75 per cent.
A CPMO statement said this decision “arises essentially from...
‘Slave markets thrive in Africa’ – Soyinka laments kidnapping of Nigerians
Africa-Press - Nigeria. Nobel Laureate Wole Soyinka on Tuesday described the decade-long abduction of schoolgirls from Chibok town in Borno State, Nigeria, as an example of modern-day slavery.
Soyinka addressed the United Nations General Assembly (UNGA) at a commemorative meeting on the 2025...
Message for all Zimbabwe’s Property Owners
Africa-Press - Zimbabwe. The conviction of Prosper Bizwick by Harare magistrate Ethel Sichera has shed light on the deep-rooted corruption within the Deeds Office, exposing how those entrusted with public service can betray their responsibilities for personal gain. You may have the title deeds in...
CNPP demands probe into alleged diversion of Kaduna LG funds
Africa-Press - Nigeria. The Conference of Nigeria Political Parties (CNPP), Kaduna State Chapter has called on the Kaduna State House of Assembly to set up an independent investigative committee to probe allegations of diversion of local government funds leveled against Governor Uba Sani by his...
Kenya failed final IMF program review may delay World Bank, UAE funds, S&P Says
Africa-Press - Kenya. Kenya’s failure to meet key targets in its final review under an International Monetary Fund program that led it to forfeit a disbursement of about $850 million may lead to delays in it obtaining other external financing, S&P Global Ratings said.
“Since IMF funding...
Air Namibia’s revival takes off
Africa-Press - Namibia. Reviving the now-defunct national carrier Air Namibia, restoring TransNamib’s profitability and rehabilitating the country’s roads infrastructure are high on new works and transport minister Veikko Nekundi’s agenda.
At a time when officials and cronies have been...
Stanchart Expects Profit before Tax to Rise by over P40M
Africa-Press - Botswana. The bank has projected a rise of between 10% and 20%, which equates to an increase of P40m to P81m over P403m reported for the same period in 2023.
Standard Chartered Bank Botswana anticipates a significant increase in its profit before tax (PBT) for the year ending 31...
EU Invests €403 Million in Good Governance in Angola
Africa-Press - Angola. Since 2021 the European Union (EU) has invested €403 million in three areas of action with the Angolan Govt, such as strengthening good governance, human development and economic diversification, within the scope of its Multi-Annual Plan that runs until 2027.
The...
Govt to Distribute 1 Million Bags of Fertilizer to NCPB Depots Next Week After Shortage
Africa-Press - Kenya. The Ministry of Agriculture has confirmed that it will issue over one million bags of subsidized fertilizers starting next week following high demand during the rainy season.
In a statement on Saturday, March 22, the Agriculture Cabinet Secretary Mutahi Kagwe said that the...
US and Sierra Leone to Deepen Private Sector Participation and Commercial Development
Africa-Press - Sierra-Leone. US Ambassador to Sierra Leone, Bryan Hunt has met with Chief Minister David Sengeh where both nations reaffirmed their commitment to strengthening private sector participation and fostering commercial development.
Chief Minister Sengeh highlighted the importance of the...
BUSINESS ESWATINI CELEBRATES SINCEPHETELO MVA FUND’S GROUNDBREAKING TRANSFORMATION JOURNEY
Africa-Press - Eswatini. In a bold move to redefine customer experience and foster a culture of service excellence, the Sincephetelo Motor Vehicle Accident (MVA) Fund, a proud member of Business Eswatini (BE), recently hosted a transformative Customer Experience Knowledge Share workshop. The event,...
Uk’S Department for Business and Trade Welcomes Ghanaian Healthcare Delegation
Africa-Press - Ghana. The United Kingdom Department for Business and Trade has welcomed a delegation of 15 organisations from Ghana’s healthcare sector for a four-city roadshow aimed at strengthening trade partnerships and development opportunities.
The delegation, visiting the UK from March 17...