Areximbank disbursed US$2,6 billion to African projects in 2021
Tapiwanashe Mangwiro Senior Business Reporter Minister of Finance and Chairperson of the General Assembly of the African Export-Import Bank (Afreximbank), Mohamed Maait, said that the bank achieved good financial results…
South Africa’s economic activity bounces back strongly from floods
Bloomberg A gauge measuring South African economic activity bounced back strongly in May after the worst flooding in almost three decades left more than 400 people dead, damaged businesses and…
China buys $7.5bn of Russian energy with oil at record
Bloomberg China continued to snap up Russian energy products last month, including a record quantity of crude oil, lifting purchases to $7.47 billion — about $1 billion more than April…
Three Gulf, nine African sovereign funds sign deal to spur investment
Reuters Three Gulf sovereign funds signed a deal on Monday in Rabat with nine African peers to promote investment on the continent. The deal was signed by Abu Dhabi’s Investment…
Europe may shift back to coal as Russia turns down gas flows
Bloomberg Europe’s biggest Russian gas buyers were racing to find alternative fuel supplies and even looking at burning more coal to cope with reduced gas flows from Russia on Monday…
Omnia sees Africa increasing farm input support amid food security fears
Reuters Fertiliser manufacturer Omnia Holdings says African governments are increasing support for smallholder farmers amid fears that input costs, driven higher after Russia’s invasion of Ukraine, could cut crop production…
What’s driving the surge in SA’s fuel price?
The Conversation Increases in the domestic price of fuel are big news in South Africa, with the price of petrol, diesel and paraffin reaching new highs. The underlying reason for…
Invictus prepares for drilling tests
Business Writer/NewZiana INVICTUS Energy has started constructing the site for its first exploratory well in Muzarabani where it is prospecting for oil and gas. This is being done in preparation…
FINSEC sets up private, derivatives markets
Enacy Mapakame Alternative trading platform – the Financial Securities Exchange Limited (FINSEC) – has set up the Private market and Derivatives market as the financial services firm enhances investment options…
ORT fuel crisis: Thousands hit by scrapped flights, rail supplies only restored by October
Carin Smith News24.com Following flood damage to railways in KwaZulu-Natal, transporting jet fuel from Durban to the OR Tambo International Airport by rail will likely only be 100 percent restored…











