Tik Tok bans ‘Milk crate challenge’

Short video platform TikTok has banned the popular “milk crate challenge” due to concerns that users participating in the trend could be seriously injured.

Nedbank Zimbabwe increases industry support

NEDBANK Zimbabwe, which is upbeat about growth prospects this year, says it will continue to support the economy’s productive sectors through increased loan advances at a time many financial institutions have adopted a cautious lending position.

Dairibord, Dendairy merger plans terminated

DAIRIBORD Holdings Limited says the planned merger with Dendairy (Private) Limited has been terminated after both parties agreed to continue operating as separate entities.

Govt acts tough on Command Agriculture beneficiaries

Farmers who benefited from the Command Agriculture programme in the past season will not be eligible to enroll for the 2021/22 season unless they pay their debts, Government through Agriculture Minister Anxous Masuka has said.

Powell says US taper could start in 2021, with no rush on rate hike

Federal Reserve Chair Jerome Powell said the central bank could begin reducing its monthly bond purchases this year, though it won’t be in a hurry to begin raising interest rates thereafter.

Nigeria’s UAC to buy minority stake as Tiger Brands exits

Nigerian conglomerate UAC plc has signed an agreement to acquire the minority shares of its unlisted subsidiary UAC Foods from South Africa’s Tiger Brands next month, it said.

Botswana lifts 2021 economic growth forecast to 9.7 percent

Botswana now expects economic growth of 9,7 percent in 2021, compared with the 8,8 percent forecast in February, helped by higher diamond sales and a recent rebasing of GDP accounts, Finance Minister Peggy Serame told Reuters on Monday.

Fintech investment in Africa – a big-picture perspective

As a listed Pan-African equities portfolio manager, I am fascinated by the enormous amount of private capital that African financial inclusion (fintech) companies have attracted over the last five years. Venture investors have, mostly, paid no heed to the most common risks cited by South African institutional investors such as currency stability and/or availability.

TotalEnergies Mozambique LNG project may resume within 18 months: AfDB

TotalEnergies’ liquefied natural gas (LNG) project in Mozambique could be back on track within the next 18 months after African armies deployed to help quell an insurgency, the president of the African Development Bank (AfDB) said on Friday.

New leader takes Zambia from defaulter to investor darling

Zambia’s new president, Hakainde Hichilema, is turning the nation’s economic fortunes around barely a week into the job.

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