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GCR Upgrades Shelter Afrique Development Bank Ratings

Global Credit Ratings (GCR) has elevated Shelter Afrique Development Bank’s (ShafDB) national scale issuer ratings while affirming its international standing. The Johannesburg-based agency maintained ShafDB’s international long-term and short-term...

Pinewood to acquire southern Africa business from Motify Group for £2.5m

Pinewood to acquire southern Africa business from Motify Group for £2.5m

Pinewood Technologies Group PLC has announced a move to strengthen its footprint in Southern Africa, revealing plans to acquire key assets of the Pinewood Dealer Management System business from entities within the Motify Group (referred to...

Population dividend, technological leapfrogging, and high growth rates signal opportunities for African economies

Population dividend, technological leapfrogging, and high growth rates signal opportunities for African economies

[music] SIGNÉ: Hello, I am Landry Signe, senior fellow in the Global Economy and Development program and the Africa Growth Initiative at the Brookings Institution. Welcome to the Foresight Africa podcast, where I engage with distinguished leaders...

World Bank Classifies Nigeria as Lower-Middle Income Economy, Below Libya and Gabon

World Bank Classifies Nigeria as Lower-Middle Income Economy, Below Libya and Gabon

Advertisements The World Bank has reaffirmed Nigeria’s status as a Lower-Middle Income Economy (LMIE) in its 2025/2026 country income classification, placing it below conflict-affected Libya and resource-rich Gabon. While Nigeria remains in the...

Path to upper-middle economy

DAR ES SALAAM: A NEW era is beckoning for Tanzania as President Samia Suluhu Hassan is set to officially launch the Tanzania Development Vision 2050 (TDV 2050) in the capital city, Dodoma, on July 17th this year. Envisioned to take Tanzania to the...

‘Swans on the surface’: What it takes to be an air traffic controller

‘Swans on the surface’: What it takes to be an air traffic controller

Melbourne Aerodrome and Airspace Services head Leanne Costin says: “If you are tapping your foot on the floor, or if you’re fidgeting and nervous as you do the work, this is not the job for you. “You can’t be stressed doing this.” Calm and...

African Continental Free Trade Area (Afcfta) Adjustment Fund Credit Fund Closes Its First Deal  US$ 10 Million Investment In Telecel Global Services Ltd

African Continental Free Trade Area (Afcfta) Adjustment Fund Credit Fund Closes Its First Deal US$ 10 Million Investment In Telecel Global Services Ltd

(MENAFN- African Press Organization) KIGALI,Rwanda, July 8, 2025/APO Group/ -- The Credit Fund of the AfCFTA Adjustment Fund has successfully closed its first investment, committing US$10 million to Telecel Global Services Ltd, through a senior...

With ₹3.4 trillion already in, are DIIs the new market movers from here on?

With ₹3.4 trillion already in, are DIIs the new market movers from here on?

DIIs infused ₹3.44 trillion into Indian equities between January and June 2025—the highest ever for this period since 2017, NSDL and BSE data showed. Meanwhile, FIIs have sold Indian equities worth ₹82,389 crore during the same period. One of the...

O3+ eyes 25 pc growth backed by consumer push, quick commerce, and global play

O3+ eyes 25 pc growth backed by consumer push, quick commerce, and global play

O3+, a professional skincare brand, is betting big on consumer demand, quick commerce, and global expansion to achieve 25 per cent growth this fiscal year, Vidur Kapur, Director of O3+ Professional, told ETRetail. The brand, which has evolved from...

World Bank Retains Nigeria in Lower-Middle Income Bracket, Below War-Torn Libya and Gabon

World Bank Retains Nigeria in Lower-Middle Income Bracket, Below War-Torn Libya and Gabon

For the umpteenth time, the World Bank has classified Nigeria among Lower-Middle Income Economies (LMIEs) in its 2025/2026 country income classification, below war-torn Libya as well as Gabon. While Nigeria retained its position in the LMIEs, some...

Top 10 most powerful passports in Africa

Top 10 most powerful passports in Africa

Imagine waking up one morning with the excitement to travel, explore new places, make unforgettable memories with friends and loved ones, and diving into new cultures without the stress of visa applications or the fear of being turned away at a...

World Bank: Nigeria Stuck in Lower Middle Income Economy Below Libya, Gabon

World Bank: Nigeria Stuck in Lower Middle Income Economy Below Libya, Gabon

*Stresses country not ranked among heavily indebted poor countries Dike Onwuamaeze For the umpteenth time, the World Bank has classified Nigeria among Lower-Middle Income Economies (LMIEs) in its 2025/2026 country income classification, below...

South Africa Airways Extends Flight Service to Mauritius

South Africa Airways Extends Flight Service to Mauritius

Chinedu Eze In line with repositioning itself as a network carrier promoting routes beyond Johannesburg, South African Airways (SAA) has added Mauritius to its destination. The airline recently organized a networking lunch with top CEOs of the...

Trump expands tariffs: See the full list of targeted countries

Trump expands tariffs: See the full list of targeted countries

Image: Getty Images In a sweeping executive order, US President Donald Trump has expanded tariffs on imports from multiple trading partners, citing persistent trade deficits and national security concerns. The move follows Executive Order 14257,...

The world's best island for 'cheap luxury' - incredible beaches and crystal clear water

The world's best island for 'cheap luxury' - incredible beaches and crystal clear water

If you are dreaming of a paradise sun-kissed tropical island this summer you are not alone. There has been a huge rise in global interest for some island escapism. Perhaps you fancy a luxury villa in the Caribbean or a five star hotel on a Greek...

Hero Motors, Allied Engineering, Meesho among 12 companies that filed IPO papers last week: Full list

Hero Motors, Allied Engineering, Meesho among 12 companies that filed IPO papers last week: Full list

IPO Papers, Draft IPO Papers: A total of 12 companies, including smart energy meter manufacturer Allied Engineering Works, Hero Motors, e-commerce platform Meesho, and air freight forwarder Skyways Air Services, among others, filed draft papers...

Negotiating from strength: Goyal on trade deal with US

Negotiating from strength: Goyal on trade deal with US

With the Congress criticising the BJP-led NDA government over the proposed trade deal with the US, Union Minister Piyush Goyal on Saturday said India “negotiates from a position of strength and doesn’t operate under external deadlines”. He also...

Donald Trump hits South Africa with 30% tariffs – the HIGHEST in Africa

Donald Trump hits South Africa with 30% tariffs – the HIGHEST in Africa

US President Donald Trump has announced that South African goods will be hit with a 30% tariff starting on 7 August, in a move that threatens to derail one of the country’s most critical trade relationships. The tariffs mark the highest imposed on...

We negotiate from position of strength, not under deadlines: Goyal on US trade deal

We negotiate from position of strength, not under deadlines: Goyal on US trade deal

Bengaluru, Jul 5 (PTI) With the Congress mocking the BJP-led NDA government over the proposed trade deal with the US, Union Minister Piyush Goyal on Saturday said India negotiates from a position of strength and not under deadlines. He also...

‘We Negotiate From Position of Strength, Not Under Deadlines’: Union Minister Piyush Goyal on India-US Trade Deal After Congress Jab

‘We Negotiate From Position of Strength, Not Under Deadlines’: Union Minister Piyush Goyal on India-US Trade Deal After Congress Jab

Bengaluru, July 5: With the Congress mocking the BJP-led NDA government over the proposed trade deal with the US, Union Minister Piyush Goyal on Saturday said India negotiates from a position of strength and not under deadlines. He also accused...

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