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Zimbabwe: Fight Against Inflation Lauded

Africa Moyo — Deputy News Editor A career critic of Zimbabwe's economic management, Johns Hopkins University Applied Economics professor Steve Hanke, now reckons Zimbabwe's year-on-year inflation is… [+5618 chars]

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Uganda Lawmakers Approve Smaller Budget as Foreign Funding Falls

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter Ugandan lawmakers approved spending plans of 44.7 trillion shillings ($12.6 billion) for the year through June 2022, ab… [+437 chars]

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Nudo Youth League Calls for PM to Be Shown the Door

In the ongoing saga of the farms sold by the Prime Minister, Right Hon Saara Kuugongelwa-Amadhila to the government, the NUDO Youth League joined the fray by putting out a statement asking the Presid… [+4064 chars]

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Namibia: One Economy Foundation Appoints Youth On Board

The One Economy Foundation has roped in 21-year-old Beatha Iileka and 28-year-old Macveren Kapukare on its board of directors to serve the interest of youth with its mandate. The board comprises dir… [+2771 chars]

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Central Bank Hails Banks for Maintaining High Capitalisation Threshold

RESERVE Bank of Zimbabwe (RBZ) has hailed local banks for maintaining high capitalisation thresholds, sound asset quality, and non-performing loans. Speaking during the 2021 Zimbabwe Finance Confere… [+1693 chars]

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Zimbabwe: Banking Sector Solid - RBZ

Business Reporter Despite the economic challenges experienced in the country worsened by the Covid-19 pandemic, the local banking sector is in a sound position with key statistics pointing to a viab… [+3324 chars]

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Zimbabwe: SMEs Welcome Lending Facilities

Small to medium enterprises have welcomed plans by the Reserve Bank of Zimbabwe to avail long term lending facilities at reasonable interest rates to the sector. In its last meeting, held on the 30t… [+2836 chars]

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Namibia: Icelandic fishing company Samherji in Hot Water Over Alleged Tax-Dodging

Icelandic fishing company Samherji, which is at the centre of the Fishrot corruption investigations, is suspected of using the Faroe Islands to avoid paying employee income tax in Namibia. The Faroe… [+3627 chars]

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Fixing Dilapidating ECD Schools

Seven young Namibians have taken it upon themselves to fix dilapidating structures of early childhood development schools through their New Elementary Namibia organisation. ECD refers to the develop… [+3779 chars]

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Uganda: Concern as Govt Cuts Funding to Districts

The government has directed districts across the country to stop budgeting for funds received under the Discretionary Development Equalisation Grant (DDEG) effective the next financial year starting … [+3991 chars]

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Nurses, Midwives Go on Strike Over Lunch Allowances

Nurses and midwives under their umbrella body Uganda Nurses and Midwives Union (UNMU) have vowed to go on strike over lunch allowances estimated at Shs70b until the money is included in the 2021/2022… [+1926 chars]

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Uganda says negotiating with IMF for $900 million budget support loan

Uganda has applied to the International Monetary Fund (IMF) for a $900 million loan to help bolster its shaky finances after the COVID-19 pandemic hammered its economy, a top finance ministry officia… [+1237 chars]

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Mineral Resources Department Will Procure Additional Power From Various Sources, Says Minister

The Department of Mineral Resources and Energy plans to launch the procurement of an additional 11 800 megawatts of power from renewable energy, natural gas, battery storage and coal after it has con… [+2247 chars]

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South Africa Banking and Stokvels Market Report 2021: State of the Industry, Influencing Factors, Competition, Industry Associations, Coronavirus

DUBLIN, May 5, 2021 /PRNewswire/ -- The "The Banking Industry in South Africa, including Stokvels 2021" report has been added to ResearchAndMarkets.com's offering. This report focuses on the banking… [+7089 chars]

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Ugandan Farmers Whose Land Will Soon Become a Crude Oil Pipeline Pathway Lose Years of Livelihood

Three years ago, Alfred Okumu Wekis land was identified for acquisition by multinational oil companies and the Ugandan government to pave way for new oil infrastructure in the Albertine region of Wes… [+9352 chars]

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Fiscal Accountability and Oversight in the Spotlight At NCOP Workshop

On the Constitutional Imperatives for Fiscal Accountability and Oversight of the NCOP, Prof Omphemetse Sibanda of the University of Limpopo, started off by weighing in on an idea that there is no nee… [+1987 chars]

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NCOP Holds Budget and Fiscal Oversight Workshop

The National Council of Provinces (NCOP) held a two-day Budget and Fiscal Oversight Workshop to determine successes and failures in conducting effective and efficient budgetary and fiscal oversight o… [+4220 chars]

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Former Harare Mayor Herbert Gomba in Court Over Fresh Charges

Former Harare mayor Hebert Gomba was Tuesday hauled before Harare Magistrate Stanford Mambanje facing fresh criminal allegations involving illegal sale of a business stand. He was, however, remanded… [+1332 chars]

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Zimbabwe: Central Bank Auction Sustains Stability, Targets 55% Inflation Reduction By July

Reserve Bank of Zimbabwe (RBZ) foreign exchange auction system has managed to sustain stability nearly a year since its introduction amid targets to achieve a 55% yearly inflation reduction by July. … [+1770 chars]

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Finance Conference to Urge Diasporans to Channel Remittances for Economic Growth

This year's annual Zimbabwe Finance Conference (ZFC) slated to take place Wednesday is set to urge Diasporans to channel their remittances towards long term developmental projects in their home count… [+2604 chars]