Business

Africa FDI Rises As Global Investment Declines to $1.3 Trillion

Although 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...

By Joburg Post 3 days ago

Zimbabwe to Clear $605m Debt

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...

By Joburg Post 4 days ago

AfDB Invested $1bn On African SMEs, Others - Adesina

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...

By Joburg Post 6 days ago

South Africa's Shrinking Economy Credit Negative for Govt, Banks - Moody's

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...

By Joburg Post 6 days ago

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