June 24
Africa: U.S.-Africa Trade Desk Secures $56 Million South African Table Grape Deal [press release]
Prosper Africa
Prosper Africa is proud to announce the United States - Africa Trade Desk (USATD)'s first $56M trade deal for 700 containers (1,260,000 crates) of South African-grown table grapes… Read more »
Kenya: Malema Backs Anti-Finance Demos, Slams IMF, World Bank
Capital FM
South Africa's outspoken politician and leader of the Economic Freedom Fighters (EFF), Julius Malema, has expressed support for Kenya's anti-Finance Bill 2024 protests. Read more »
South Africa: R800K Counterfeit Bust at Lebombo Border Post - South African News Briefs - June 24, 2024
allAfrica
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Angola: Angola Pays U.S.$176 Million of Its Debt With the IMF
ANGOP
Around 176 million US dollars is the amount that the Angolan Government has already paid to the International Monetary Fund (IMF), from 2021 to date, within the framework of the… Read more »
Mozambique: Debts Ruin Anti-Poverty Strategy
AIM
Over the past decade the number of Mozambicans living below the poverty line increased, and now accounts for much more than half the population. Read more »
Malawi: Sunbird Tourism PLC Posts Mk5.3 Billion Profit.
Nyasa Times
Sunbird Tourism(plc), a publicly quoted enterprise listed on the malawi stock exchange, has announced that it has chalked a profit after task of MK5.3 billion during the financial… Read more »
Zimbabwe: Zimbabweans in South Africa On Exemption Permits Safe for Now After Concourt Rules in Their Favour
New Zimbabwe
THE Constitutional Court last week dismissed an application by the Minister of Home Affairs for leave to appeal a June 2023 Gauteng High Court, Pretoria, judgment which held that… Read more »
Kenya: Kenya Airways Launches 45th Route With Direct Flights to Maputo
Capital FM
With its warm tropical climate, marine parks, and stunning beaches, Maputo, the capital of Mozambique, offers tourists a unique blend of rich cultural heritage and modern… Read more »
South Africa: Cosatu Statement On the Second Central Executive Committee Meeting [press release]
COSATU
The Congress of South African Trade Unions (COSATU) held its second Central Executive Committee (CEC) meeting of the year from 18 to 20 June. Read more »
June 23
Mozambique: Government Admits Huge Rise in Poverty - Mozambicans Who Are Poor Jumped From 46% to 65% in a Decade
Mozambique News Reports And Clippings
The 20-year-development plan approved by the Council of Ministers Tuesday (17 June) admits the past decade has been a disaster. "Lower than expected economic growth resulted in… Read more »
Mozambique: Economic Diversification is Essential But is Not Happening, Says ENDE
Mozambique News Reports And Clippings
GDP has been growing at 7% per year for two decades, yet poverty increases. Changing this requires "economic diversification", which is not happening, admits ENDE. In 2022, 75% of… Read more »
Lesotho: Power Imports Plunge LEC Into Financial Woes
Lesotho Times
The Lesotho Electricity Company (LEC) is in financial difficulties due to the high costs of importing electricity from South Africa and because of huge debts it owes to service… Read more »
June 22
Angola: President of the Republic Verifies Conditions for New Airport to Come Into Operation
ANGOP
The President of the Republic, João Lourenço, on Saturday visited Dr. António Agostinho Neto International Airport in Icolo and Bengo to see the progress of… Read more »
Angola: Credit to Non-Financial Sector Grows 28.6 Percent
ANGOP
Gross credit to the non-financial sector in May totalled 6.7 trillion kwanzas, an increase of around Kz 1.5 trillion (28.6%) compared to the same period in 2023. Read more »
June 21
Malawi: The World Bank Must Double Its Fund for the Poorest Nations Like Mine to Tackle Hunger Crisis [opinion]
IPS
After El Niño-induced floods and devastating drought, roughly two in five people in Malawi - a country of some 20 million people - are now facing the looming prospect of… Read more »
Zimbabwe: Zimbabweans Skeptical About Country's Latest Currency
Global Press Journal
Zimbabwean gold is tied to the country's reserves, including the precious metal from which it gets its name. The structure aims for stability. Yet the rollout has been anything… Read more »
South Africa: South Africans Score Their Government Poorly On Its Economic Performance
Afrobarometer
New ruling coalition inherits deep public dissatisfaction with country's overall direction. Read more »
South Africa: Joburg, City Power Ordered to Pay R1.07 Billion Eskom Debt - South African News Briefs - June 21, 2024
allAfrica
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Southern Africa: SADC to Convene 24th Virtual Meeting of the Ministerial Task Force and 34th Committee of Ministers of Trade [document]
SADC
The Southern African Development Community (SADC) will holdthe 24th virtual meeting of the Ministerial Task Force (MTF) and the 34th Committee of Ministers of Trade (CMT). These… Read more »
South Africa: Workers Describe Appalling Conditions At Eswatini Mine
GroundUp
"To live, I had to quit" Read more »
Zimbabwe: Seeff Zimbabwe Urges Diasporans to Use Formal Investment Channels
New Zimbabwe
SEEFF Zimbabwe has called on diasporans to mitigate the risk of losing money by using formal companies when funding property investments back home. Read more »
South Africa: City of Johannesburg, City Power Ordered to Pay Eskom Debt
SAnews.gov.za
Eskom has obtained a court judgement against the City of Johannesburg (CoJ) and City Power for the payment of their R1.073 billion debt. Read more »
Zimbabwe: Budget Transparency - Zimbabwe Ranks High
The Herald
Zimbabwe has made significant improvement in its rankings for budget transparency and inclusiveness, as announced by the Open Budget Survey (OBS) on May 29, coming in 30th out of… Read more »
Namibia: Biomass Fair 2024 Set for August
Namibia Economist
The Standard Bank Biomass Fair 2024 is set to take place from 8 to 10 August in Otjiwarongo in the Otjozondjupa Region. Read more »
Angola: Clothing Plant With Capacity for Up to 900,000 Garments Per Month Opens in Luanda
ANGOP
A clothing factory with the capacity to produce between 300 and 900 thousand items of clothing per month was inaugurated this Friday in the municipality of Viana, Luanda, thus… Read more »