April 04
Uganda: Govt Imposes Hefty Fine for Vandalism On Entebbe Expressway
Nile Post
In a bid to combat road vandalism and ensure the preservation of taxpayer funds, the government has implemented a significant penalty for offenders damaging the Entebbe Expressway. Read more »
South Africa: Joburgers Remain the Nation's Biggest Spenders
Daily Maverick
Joburgers, Capetonians, and Durbanites are splurging at varying rates, with Cape Town leading the charge in increased spending on groceries, dining out, and travel. Read more »
South Africa: Harmony, Unions Strike Gold With Historic Five-Year Wage Pact
Daily Maverick
Harmony Gold signed a historic inflation-linked five-year wage agreement with five unions on Thursday, the day after the precious metal's price hit a record high. The deal should… Read more »
Zimbabwe: Zimbabwe Central Bank Says It Has Assets Worth 2.5 Tons of Gold
VOA
On the eve of the anticipated rollout of a new gold-backed currency, Zimbabwe's central bank announced Thursday that it has the equivalent of 2.5 tons of gold reserves. Read more »
Ethiopia: Securitizing the Ethiopia-Sudan Border - How Cross-Border Conflict Is Shaping Trade and the Control of Land [analysis]
Chatham House
Long-running border disputes between Ethiopia and Sudan are intersecting with other internal conflicts, bringing greater militarization and economic instability. Read more »
Sudan: The 'Conflict Economy' of Sesame in Ethiopia and Sudan [analysis]
Chatham House
How the sector has become entangled in local and transnational conflict, and how policymakers need to respond Read more »
Namibia: !gawaxab Warns of 'Dutch Disease' Amid Oil, Green Hydrogen Discoveries
Namibian
Bank of Namibia governor Johannes !Gawaxab has cautioned against the phenomenon whereby the rapid development of the oil and gas and green hydrogen industries in Namibia may lead… Read more »
Namibia: Govt Spends N$39,8m On Funerals, Celebrations in One Year
Namibian
The office of the Prime Minister spent N$39,8 million on 38 funerals, Independence Day and Heroes Day celebrations last year. Read more »
Namibia: Namibia Urged to Grow in Sectors That Create Jobs
Namibian
Namibia should make a deliberate effort to invest in improving agriculture production and value chains, as well as target other sectors like construction to stimulate employment… Read more »
South Africa: While the People Are Desperate for Jobs, the Country Is Rapidly Deindustrialising [analysis]
Daily Maverick
ArcelorMittal South Africa is acutely aware of the severe consequences of winding down the Long Steel business on the economy and in particular, on employment in SA. Read more »
South Africa: Broadening a Mighty Range - The New Ford Ranger Tremor and Platinum [analysis]
Daily Maverick
South Africa's bakkie-mad market has just got even more competitive with the launch of Ford SA's locally produced Ranger Tremor and upmarket Ranger Platinum. Read more »
Nigeria: Did Davido Just Acquire a Private Jet?
Daily Trust
At exactly 5:57pm on Thursday, April 4, 2024, music star David Adeleke, better known as Davido, tweeted, "Bombardier 7500 Tear Rubber". Read more »
Eritrea: Assessment Meeting On Desert Locust Control Efforts
Shabait
The Ministry of Agriculture hosted an assessment meeting on 2 April in Massawa, focusing on the endeavors made to manage the desert locust infestation in the Northern and Southern… Read more »
Nigeria: Vaccine - Gavi Announces $250m Grant to Nigeria As Tinubu Urges Greater Collaboration With Organisation [press release]
Premium Times
President Tinubu said partnership on local vaccine production has become necessary owing to the challenges faced by developing countries, especially during the COVID-19 pandemic… Read more »
Nigeria: Tinubu to Gavi CEO - Nigerian Manufacturers Capable, Ready to Produce Vaccines
Vanguard
President Bola Tinubu has called on Gavi, the Vaccine Alliance, to collaborate with potential Nigerian vaccine manufacturers to ensure equitable access to life-saving vaccines for… Read more »
Namibia: Bon Launches Modified N$100 Note
Namibian
The Bank of Namibia (BoN) has launched a modified N$100 note that now bears the signature of governor Johannes !Gawaxab. Read more »
Namibia: Namibia Records N$26,3m Worth of Fraud Cases in Banking Sector
Namibian
Namibia has recorded a total of 357 fraud cases in 2023, which has led to losses amounting to N$26,3 million. Read more »
Uganda: Lack of Standards Hindering SMEs From Tapping Into Continental Free Trade Area
Nile Post
Ugandan medium- and small-sixed enterprises (SMEs) have been urged to embark on quality standards and enough production to get into the African Continent Free Trade Area (AFCFTA). Read more »
Africa: Standard Chartered, Old Mutual Fintech Arms to Launch UAE Wealth Management Platform
Daily Maverick
The new wealth platform will be headquartered in the UAE, the Middle East's financial hub, providing access to advanced budgeting, savings and investment solutions for users in the… Read more »
South Africa: SA Reserve Bank Is Exorcising the Spectre of Stagflation
Daily Maverick
The South African Reserve Bank is unlikely to cut interest rates in the near future. Read more »
Nigeria: Wike Appoints New Md of Abuja Investment Company
Premium Times
Mr Wike also terminated the contract for the maintenance of International Conference Centre. Read more »
South Africa: Markus Jooste's Steinhoff Was a Horrific, High-Profile Example of Corporate Capture [opinion]
Daily Maverick
Steinhoff is corporate South Africa's handmaid to State Capture. They share the same DNA -- people who knew better and could have done something chose silence. Read more »
Uganda: NCBA Monthly Mug Challenge Set for Namulonge
Independent (Kampala)
NCBA Bank will sponsor the Monthly Mug challenge at the MaryLouise Simkins Memorial Golf Club in Namulonge. The NCBA Monthly Mug tournament is scheduled to take place on April 27,… Read more »
Nigeria: Stanbicibtc Declares N2.20 Dividend to Shareholders
Vanguard
StanbicIBTC Nigeria has declared to pay its shareholders a final dividend of N2.20 per ordinary share of 50k each, totaling N28.51 billion for the period ended Dec. 31, 2023. Read more »
Ethiopia: Ethiopian Securities Exchange Garners Over 1.5 Billion Birr, Exceeding Capital-Raising Target
ENA
The Ethiopian Securities Exchange (ESX) announced that it has raised 1.51 billion Birr capital, exceeding "expectations in terms of capital and confidence shown by investors in the… Read more »