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Greatest AfricansAfricaJoburgSouth AfricaGreatest AfricansAlthough global foreign direct investment (FDI) flows suffered a setback of about 13 per cent in 2018, with inflows sliding to $1.3 trillion from $1.5 trillion in the previous year, but sub-Saharan Africa (SSA), recorded growth of about 13 per cent, pushing investment inflow to $32 billion in 2018.However, the positive result in SSA on...
Zimbabwe is on course to clear its US$605 million debt with the African Development Bank (AfDB), which will allow the country to start accessing funds from the bank early next year, Finance and Economic Development Minister Professor Mthuli Ncube has said.In an interview on the sidelines of the ongoing 54th Meeting of Boards of Governo...
The African Development Bank (AfDB) has so far invested about $1 billion on small businesses and infrastructure in Africa, president of the bank, Dr Akinwunmi Adesina, has said.Dr Adesina disclosed this on Monday in Malabo, Equatorial Guinea, at a press conference to herald the AfDB's 2019 Annual Meetings, due to open Tuesday in the ce...
Global rating agency Moody's says the contraction of SA's GDP in the first quarter is credit negative for SA's government and the country's banks.Last week Stats SA announced the economy shrank by 3.2% in the first three months of the year, the biggest drop a decade.Moody's is the sole global rating agency to still assess SA's sovereig...
The National Treasury has come to the defence of the cost containment measures for local government, saying they promoted better governance and management of finances in municipalities.The department published the regulations last week, a move that attracted a mixed reaction.The Municipal Cost Containment Regulations, effective from Ju...
Global rating company, Fitch Rating, yesterday, affirmed Nigeria's rating at B+, stable outlook, saying that President Buhari's second term will be marked with implementation of piecemeal reforms and slow progress in tackling impediments...
On July 1, 2019, Australians will be able to call a new "black economy hotline" to report any businesses "dodging their responsibilities" as taxpayers. It's part of a larger government initiative launched to fight against informal econom...