News : Business

Goodwell Investments raises $24 million for African investment

On Wednesday 7 February 2018, Impact investing firm Goodwell Investments announced that it has raised US $24.8 million. The firm raised the money from over 30 investors and will be using it to place investments in the inclusive economy in Sub-Saharan Africa. According to the firm, Goodwell invests in young, fast-growing companies that offer products [&hellip (

South Africa:Outlook for the South African Mining Industry

[SAIIA] Hot on the heels of Davos, the Investing in Africa Mining Indaba provides an opportunity for the new ANC president, Cyril Ramaphosa, to send the right signals to the local mining industry and civil society to renew confidence in the sector. South Africa's mining industry remains a critical component of the economy; a potential flywheel for upstream manufacturing, downstream beneficiation, and horizontal spillovers. If we are to address the problems of youth unemployment, poverty and inequality, due attenti (

Zimbabwe:UK Envoy Seeks to Build Bridges With Govt

[Zimbabwe Independent] Visiting newly-appointed British minister for Africa and Commonwealth Office and Department for International Development Harriett Baldwin is expected to discuss currency stabilisation, re-engagement and other macro-economic issues with senior government officials as Harare steps up a diplomatic offensive to revive a floundering economy, it has been established. (

South Africa:Snap On the City Safety Belt

[CAJ News] Smart, Secure and Evolved this is the city that can transform the South African economy. (

South Africa:It's the Economy, Stupid - How to Unlock Avenues for Investments

[Daily Maverick] With the nostalgia dying down post the Nasrec ANC conference and some positive steps being observed from certain quarters such as the Asset Forfeiture Unit and the Hawks, we are indeed encouraged that change has commenced. (

Entrepreneurs Urged Not to Miss China-Namibia Business Opportunities

[New Era] Windhoek -Minister of Land Reform Utoni Nujoma has urged both Chinese and Namibian entrepreneurs to take advantage of the business opportunities being presented by China-Africa cooperation, in a win-win manner, in order to grow the country's economy. (

Africa:EU, AU Pledge to Support Zimbabwe

[The Herald] Addis Ababa -The European Union (EU) and African Union (AU) have both pledged unwavering support to President Mnangagwa's Government in its efforts to reintegrate Zimbabwe into the international community and reforms to place the economy on a growth trajectory. AU chairperson Mr Moussa Faki Mahamat will visit Zimbabwe soon to assess how the AU can support the country in its preparations for harmonised elections, to be held by June this year and renewed efforts to have illegal sanctions imposed by the West lifted. (

Tanzania Supremacy in Economic Inclusion... Here Is the Top Secret

[Daily News] UPGRADED infrastructure, health services, free education policy, anti-corruption fight and well-performing social security schemes are among factors that helped Tanzania to emerge the best inclusive economy in Africa, it has been revealed. (

Gig economy disrupts status quo, presenting an opportunity for Africa

Freelancing has found a new name in the digital era. A ‘Gig’ is simply a task performed as a once-off freelancing job, but because the trend towards freelancing has grown so significantly, a new economy has been born: the ‘Gig Economy'. Internationally, it has grown at a rapid pace with independent workers within Europe regarded [&hellip (

Africa:Reconsidering Governance in Africa

[Independent (Kampala)] If you follow debate on Africa anywhere in the world, everyone will tell you that the main problem with our countries is governance. Yet this claim is new, picked from the World Bank's World Development Report of 1989. Now it has entered the lexicon of politics as a religion; the very reason we need to focus on it. In the 1960s and 70s, the main issue was that African countries are poor because of their integration into the world economy as producers of unprocessed raw materials. (

Africa:Unemployment to Remain High, Quality Jobs Harder to Find in 2018 - UN Labour Agency

[UN News] While the global economy has kept up modest growth, the total number of unemployed people will likely remain high in 2018 - at above 192 million - and it will be harder to find a decent job, the United Nations labour agency reported on Monday. (

Ten Priorities for Getting Agriculture Moving in Zimbabwe

[The Conversation Africa] Agriculture is taking centre stage in plans for the revival of Zimbabwe's ailing economy under the new leadership of Emmerson Mnangagwa. (

VP defends Trump over vulgar remarks on African immigrants

JERUSALEM — U.S. Vice President Mike Pence on Monday defended President Donald Trump over his recent comments disparaging immigration from Africa and Haiti, telling The Associated Press that the president's "heart" is aimed at a merit-based system that is blind to immigrants' "race or creed."

Pence, in an interview with the AP from Jerusalem, said the president was intent on implementing a merit-based system that encourages immigration by those who will "contribute to a growing American economy and thriving communities."


South Africa:Team SA to Restore Investor Confidence At WEF

[] A South African delegation led by Deputy President Cyril Ramaphosa says it will use the 2018 World Economic Forum (WEF) to restore investor confidence in the South African economy. (

South Africa's president under pressure at key party meeting

The leadership of South Africa's ruling African National Congress party is holding a key meeting amid media reports of talks about the removal of President Jacob Zuma, whose scandal-plagued tenure has hurt the party's popularity and the economy. (

Africa's Top Bank Indicates Oil Investments to Spur Uganda Economy in 2018

[Independent (Kampala)] Abidjan, Ivory Coast -The latest African Economic Outlook (AEO) report indicates that foreign direct investment (FDI) flows following the recent issuance of oil exploration licenses and the investment in infrastructure development is expected to spur Uganda's economy for most of 2018. (

Focus on digital skills, technology to reignite South Africa’s manufacturing sector (

Ghana's Economy Will Top Africa in 2018

[Business Day] Ghana is tipped to lead Africa as the fastest growing economy in 2018 with a growth rate of eight per cent as a result of increased oil and gas production, which boosts exports and domestic electricity production. (

Swaziland:Swaziland Near Last for Human Rights

[Swazi Media] Swaziland's economy is in free fall and the infrastructure of the kingdom ruled by King Mswati III as sub-Saharan Africa's last absolute monarch is crumbling. Government bills go unpaid and the health service is near collapse. There is no money to pay state pensions to those who reach the eligible age of 60 this year. Public servants have been on strike and look certain to do so again in the coming months. Members of the Swaziland Amy with the support of their commanders have systematically sexually assaul (

South Africa:Ramaphosa Extends an Open Invitation to Investors

[News24Wire] ANC president Cyril Ramaphosa has promised to resuscitate the country's ailing economy while implementing the ruling party's policies on free education and radical economic transformation. (

Kenya:President Kenyatta to Meet New ANC Leaders On Trade Deals

[Nation] President Uhuru Kenyatta will use his tour of South Africa to establish contacts with the imminent new leadership in Africa's largest economy, as well as pursue pending agreements with Pretoria. (

East Africa:East Africa Islamic Economy Summit 2018 to Focus On Fintech Technologies

[CIO] The East Africa's Islamic Economy Summit 2018 which takes place in Kenya's capital, Nairobi on the 24th and 25th April will be themed around Fintech as a driver for Islamic Economy in East Africa as well as Financial inclusion in the region. (

South Africa's ANC leader Ramaphosa urges unity as Zuma booed

The new head of South Africa's ruling party Cyril Ramaphosa vows to tackle corruption and the economy. (

Tanzania:Safety Education Crucial As Gas Use Rises Nationally

[Citizen] Domestic and industrial use of natural gas in Tanzania is already on the rise and may very well spread to other areas, such as motor vehicle fuel. As East Africa's second largest economy, Tanzania is also home to some 57 trillion cubic feet of natural gas deposits, much of those in the country's southeastern regions and offshore (

Growth 'To Fall' but Still Fastest in Region

[Citizen] Dar es Salaam -Tanzania may not experience annual economic growth of seven per cent and above in the next three years from 2017, the World Bank says in its latest Global Economic Prospects report. However, the country is still expected to be the fastest growing economy in East Africa and among the fastest in Africa. (

Ethiopia:World Bank Foresees Rising Public Debt Moderates Ethiopia Growth Ahead

[Addis Fortune] The World Bank, in its latest Global Economic Prospects, has forecasted Ethiopia's growth in GDP at 8.2pc in 2018, further to shrink to 7.8pc the following year. However, the projection for Ethiopia is above the average 5.4pc for low-income countries, making it remain the fastest growing economy in the East Africa region. (

Africa:Why Rwanda's Development Model Wouldn't Work Elsewhere

[The Conversation Africa] Rwanda is often touted as an example of what African states could achieve if only they were better governed. Out of the ashes of a horrific genocide, President Paul Kagame has resuscitated the economy, curtailed corruption and maintained political stability. (

South Africa:Limpopo Top Achiever Hopes to Improve Communities Using Passion for Maths

[News24Wire] Takalani Bambela from Limpopo's Tshivhase Secondary School has told News24 that he wants to get into actuarial science to contribute not only to business and community development, but the economy as well. (

Women Shaping Botswana's New Economy

[New Era] Botswana is working hard to diversify its economy, which has historically been based on the production and sale of diamonds. The World Bank's Doing Business Report shows that the country has the highest new business density in Africa with 13.11 new businesses registered per 1 000 adults. (

Addis in the Eyes of African Youth Visitors

[Ethiopian Herald] Peace and security are the major challenges of Africa. When there is peace and security there is prosperity. In this regard, the youth will be direct beneficiaries form the economy. More job opportunity will be created and they will in turn support their community. (

Africa's Fastest Growing Economy's Bittersweet Year

[African Arguments] Low cocoa prices have compounded tough economic times for Côte d'Ivoire. (