Africa-Press - Eswatini. At the heart of Geneva’s diplomatic quarter, in the corridors of the International Labour Conference (ILC), a meeting of minds unfolded with far-reaching implications for Southern Africa.
The leadership of Business Eswatini (BE), President Mvuselelo Fakudze and CEO E....
STRONGER TOGETHER: BE AND BUSA DEEPEN REGIONAL BUSINESS TIES
Petrol not expensive in Nigeria – Dangote
Africa-Press - Nigeria. The President of Dangote Group of Companies, Aliko Dangote, has named the road leading to the Dangote Refinery after President Bola Ahmed Tinubu.
Dangote spoke at the launch of the reconstruction of the Deep Sea Port Access Road in Lagos State on Thursday.
He also said...
Empowering women in fisheries
Africa-Press - Seychelles. A major milestone in the empowerment of Seychellois women was marked this week with the official launch of a specialised training programme on Fisheries Business Management.
The initiative brings together 32 participants, including representatives from Seychelles’...
Ishmael Yamson Appeals for National Economic Dialogue
Africa-Press - Ghana. Dr Ishmael Yamson, the Chairman of the National Economic Dialogue Planning Committee has appealed to President John Dramani Mahama to institutionalise the National Economic Dialogue into a permanent consultative mechanism.
He said the mandate of the Committee was to...
Informality threat to Malawi’s economic growth—RBM
Africa-Press - Malawi. Reserve Bank of Malawi (RBM) Governor Macdonald Mafuta Mwale has identified informality as the biggest obstacle to the country’s economic development, calling for urgent digitisation to formalise the economy.
Speaking at the opening of the 2025 International ICT Expo in...
Reserve Bank of Malawi's Tight Monetary Policy Results
Africa-Press - Malawi. Economics Association of Malawi President Bertha Bangara Chikadza says the sharp deceleration in broad money growth to 33.9 percent in the first quarter of 2025 indicates the effectiveness of the Reserve Bank of Malawi (RBM)’s monetary policy.
The annual growth rate of...
ESWATINI SECURES HISTORIC E5.3 BILLION FUEL RESERVE DEAL
Africa-Press - Eswatini. Eswatini has signed the largest loan agreement in its history, an impressive US$300 million (E5.3 bn) deal with Taiwan’s Exim Bank.
This strategic partnership will fund the development of a national fuel reserve, a project set to drastically enhance the country’s...
Inapem and Standard Bank Sign Memorandum to Boost Capacity
Africa-Press - Angola. A memorandum of understanding focused on training entrepreneurs, as well as to facilitate access to bank credit was signed Tuesday, in Luanda, by the National Institute for Support to Small and Medium Enterprises (INAPEM) and Standard Bank of Angola.
The document which...
Afreximbank Lauds Ethiopia’s Growing Financial Sector
Africa-Press - Ethiopia. African Export-Import Bank (Afreximbank) has praised Ethiopia’s transformative economic reforms, reaffirming its commitment to scaling up continued support for one of Africa’s fastest growing economies.
In an exclusive interview with ENA, Client Relations Acting...
Innovation, investment key to food security—Report
Africa-Press - Malawi. The International Food Policy Research Institute (IFPRI) has warned of an escalating global food crisis, saying that climate change, rapid population growth and unsustainable farming practices are threatening food security, especially in low—and middle-income countries such...
Malawi gets K27bn from Badea for water project
Africa-Press - Malawi. Malawi and the Arab Bank for Economic Development in Africa (Badea) have signed a $16 million (about K27.4 billion) facility for the Mponela Water Project.
Finance Minister Simplex Chithyola Banda said on Monday that the agreement was signed in Abidjan, Côte d’Ivoire,...
Investors gain N259bn as NGX continues uptrend
Africa-Press - Nigeria. Investors at Nigerian Exchange Limited recorded a N259 billion gain on Tuesday to extend the uptrend.
This comes as market capitalisation rose by 0.37 percent to close at N70.894 trillion, compared with N70.635 trillion on Monday.
Accordingly, the All-Share Index (ASI)...
Tanzania introduces e-Visa for tourists
Africa-Press - Tanzania. THE Tanzanian government, through the Immigration Department, has introduced an online visa application system (e-Visa), allowing tourists to apply for visas from anywhere in the world without having to visit an embassy. The initiative aims to simplify the visa acquisition...
Rwanda Mobilizes Finance for 19 Carbon Projects
Africa-Press - Rwanda. Rwanda has taken a significant step forward in its climate action plan, with 19 projects now ready to participate in the international carbon market as a way of mobilizing climate finance according to the Rwanda Environment Management Authority (REMA).
Rwanda is exploring...
Old Mutual Completes Cyclone Freddy School Recovery
Africa-Press - Malawi. Old Mutual (Blantyre) Foundation Trust has successfully completed its Post-Cyclone Freddy Recovery Project, a major rehabilitation initiative aimed at restoring learning infrastructure destroyed by the devastating cyclone.
The project, valued at MK360 million, saw the...
House Approves Loan Agreements with Arab Bank and IDA
Africa-Press - Ethiopia. The loans and financial assistance obtained from the Arab Bank will enhance the economy through job creation, Government Chief Whip Tesfaye Beljige told the House of People's Representatives (HPR).
In its regular session today, the HPR has endorsed draft...
Govt rewards local industry’s role in economic transformation
Africa-Press - Zimbabwe. ZIMBABWEANS should support local industry and products due to their critical role in driving the country’s economic growth, a Cabinet minister has said.
Speaking at the ZimBrands Awards ceremony recently, Industry and Commerce minister Nqobizitha Ndlovu said the future...
Naira records massive appreciation across FX markets
Africa-Press - Nigeria. The naira appreciated massively against the dollar across foreign exchange markets to begin the week on an impressive note.
At the black market, the naira gained significantly to N 1615 per dollar on Monday from N 1628 exchanged last Friday. This means that the naira...
IMF mission wraps up review in Malawi
Africa-Press - Malawi. The International Monetary Fund (IMF) mission team that has been in Malawi since May 23 is expected to leave the country tomorrow after concluding its two-week Article IV consultation visit.
The Article IV consultation is a routine review conducted by the IMF with each of...
AfDB sees Malawi GDP growing by 3% in 2025
Africa-Press - Malawi. The African Development Bank (AfDB) has said it expects the local economy to grow by 3 percent in 2025.
The projected growth is 1.2 percentage points better than the 1.8 percent growth recorded last year.
In its latest African Economic Outlook Report released during the...