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News : Business

Industrialization can serve as "a critical engine of economic growth and development" for Africa, which, like the rest of the world, continues to feel the impact of the global economic and financial crisis, UN Secretary-General Ban Ki-moon said Friday. "UN figures indicate that the world economy is poised for recovery, but for Africa to benefit the continent must focus on industrialization as a critical engine of economic growth and development," Ban said in his message to mark the Afric ... (webremix.info)

November 20, 2009 The rugby series between the Springboks and the British and Irish Lions boosted the South Africa economy to the tune of almost R1,5-billion, a study commissioned by SA Rugby has reve... (webremix.info)

Armed conflict, inadequate infrastructure, weak governance, limited financing and technological abilities, and policies that stifle entrepreneurship, limit competition and raise the cost of doing business are hindering the industrialization that Africa needs to fully join the global economy, Secretary-General Ban Ki-moon warned today. (webremix.info)

A TOP think-tank sharply raised its forecasts for the global recovery yesterday, and gave a surprisingly upbeat assessment of SA's economy over the next two years. (webremix.info)

Harare — ZIMBABWE is ready to receive investment across all sectors of the economy, and will remain an attractive investment destination in Africa, Zimbabwe's Ambassador to South Africa Simon Kh... (webremix.info)

ZIMBABWE is ready to receive investment across all sectors of the economy, and will remain an attractive investment destination in Africa, Zimbabwe's Ambassador to South Africa Simon Khaya Moyo, told South African investors. (webremix.info)

President Ian Khama has unveiled his multi-faceted dream to turn Botswana from a diamond dependent economy to a producer country and a competitive service provider in Africa. (webremix.info)

United Nations Industrial Development Organization (UNIDO) Director-general Kandeh K. Yumkella has said that the lack of industrialization is the missing key for Africa to join in the global economy, according to a report published by the United Nations Information Service Vienna (UNIS Vienna) on Wednesday. "Africa's pursuit of industrialization was critical to the continent's full integration into the global economy," said Yumkella in the report. According to the UNIDO chief, mo ... (webremix.info)

18 November 2009 - The head of the United Nations Industrial Development Organization (UNIDO) warned today that Africa must overcome the obstacles to boosting industrial production and gaining a larger share of world trade to benefit from the global economy. (webremix.info)

China and the United States (US) have signed a joint statement agreeing that the transition to a green and low-carbon economy is essential. (webremix.info)

President Ian Khama has unveiled his multi-faceted dream to turn Botswana from a diamond dependent economy to a producer country and a competitive service provider in Africa. (webremix.info)

FOR sub-Saharan Africa, building a knowledge economy "is no longer an option, it is a necessity", World Bank Institute economic adviser Shahid Yusuf said last week at a University of the Witwatersrand symposium on research and training for sustainable development in Africa. (webremix.info)

Growth in private-sector credit slowed to its lowest pace in more than 40 years in August, showing that interest rate cuts have done little so far to revive the shrinking economy. (webremix.info)

MIDRAND, South Africa, Nov 13 (IPS) - As the Second Africa Water Week ends, participants have reiterated that lack of access to clean water and adequate sanitation has a direct bearing on public health and the economy in Africa. (webremix.info)

As the Second Africa Water Week ends, participants have reiterated that lack of access to clean water and adequate sanitation has a direct bearing on public health and the economy in Africa. (webremix.info)

SA's decision to block a 23b n merger between MTN and India's Bharti Airtel may indicate President Jacob Zuma favours more state involvement in the economy to protect jobs and local industries. (webremix.info)

Figures due out this week should show that factory output picked up in August, in line with growing evidence that the economy's most embattled sector is emerging from the recession. (webremix.info)

ATTEMPTS to weaken the rand may backfire, given the clout of global markets and the potential cost to the economy, analysts say. (webremix.info)

Amid signs the rest of the world may be recovering from the global financial crisis, Africa is still being hammered. South Africa's economy, the continent's largest, shrunk by another 3 percent in the... (webremix.info)

The DRC with an estimated population of 65 million has the second largest land area in Sub-Saharan Africa. It is rich in natural and human resources and in need of foreign direct investment to re-build an economy stagnated by prolonged civil war. (webremix.info)

An improvement in manufacturing, as well as an increase in confidence means that a recovery in South Africa's economy could be expected by year end, SA Reserve Bank deputy governor Daniel Mminele told delegates at a Citigroup seminar in Istanbul, Turkey this week. (webremix.info)

CALLS are mounting for steps to reverse gains in the rand, which erode the competitiveness of local exports, hurt mining revenue and threaten the expected recovery in SA's bruised economy. (webremix.info)

WHILE business, the unions and government fiddle at Nedlac, the economy burns. Figures released by Statistics SA yesterday showed that business failures were up by about 21% in the year so far, even though they dipped in August. This was an improvement from the previous month but frightening nonetheless. (webremix.info)

SA's economy is still on track to recover in the final quarter of this year -- despite hefty gains in the rand, which should be sustained in the year ahead, a top local bank said yesterday. (webremix.info)

NAIROBI (Reuters) - The United States has sent warning letters to 15 prominent Kenyans it says are blocking reform in east Africa's biggest economy following last year's post-election violence, the U.... (webremix.info)

THE economy has lost almost 200000 formal sector jobs as the recession has taken hold over the past year, with the state proving to be the only source of employment growth while jobs have been shed by private firms in almost all sectors. (webremix.info)

THE economy lost almost 200000 formal sector jobs as the recession took hold over the past year. The state was the only source of employment growth while private firms in almost all sectors shed jobs, writes Hilary Joffe. (webremix.info)

Even as it is becoming evident that Africa holds the potential to be a dynamic growth pole in the rapidly evolving world economy, the region needs to urgently tackle increased climate variability and temperature increases to maintain its performance and preserve recent gains, says a World Bank report released on Monday. (webremix.info)

Kenya Airways is counting on increased tourism in Africa to shore up its revenues in the face of shrinking traditional European markets as a result of the slowdown of the global economy. The national... (webremix.info)

Kenya Airways is counting on increased tourism in Africa to shore up its revenues in the face of shrinking traditional European markets as a result of the slowdown of the global economy. (webremix.info)

SA's economy should start to recover later this year but risks to the outlook were mainly negative, stemming from swings in investor sentiment and the global backdrop, the International Monetary Fund (IMF) said yesterday. (webremix.info)