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World Economic Forum News

How to make sustainable development a reality

05/06/2015 15:33:24

The year 2015 is significant for Africa, as it marks the end of global, regional and local efforts to meet the MDGs.

Importing skilled labour to bridge the gap

05/06/2015 14:29:32

South Africa is advised to relax visa regulations and welcome more skilled immigrants in catalysing its economic growth.

UNFPA encourages PPPs to tackle Africa’s unemployment

05/06/2015 13:35:34

UNFPA's Executive Director, Babatunde Osotimehin has urged private sector to be partners in national development.

South Africa prepares for increasing interest rates

05/06/2015 11:23:26

South Africa's Reserve Bank Governor confirmed that interest rates will be going up in 2015 given the current inflation outlook.

Special Report

S.Africa is facing economic headwinds from all directions

03/10/2015 19:57:06

Bart Stemmet, Economist, NKC African Economics, delves into the reasons.

Zambia: An economy in stress revival plans

03/10/2015 19:37:18

Zambia will be better-equipped to weather shocks in the long term should President Lungu's State of the Nation address come to fruition.

Africa's economies at risk as El Nino threatens to scorch and soak

03/10/2015 18:36:06

Extended drought seen in southern Africa, floods in east.

African markets are integrating

01/10/2015 12:01:56

Plans are also afoot to get African companies to consider making their secondary listings on the JSE.

Southern Africa

Zimbabwe proposes 10 pct black empowerment tax - state paper

05/10/2015 14:31:43

Zimbabwe plans to impose a 10 percent tax on foreign-owned firms to fund a black economic empowerment programme.

Southern Africa power generation investment up to $233 bln by 2027

05/10/2015 14:22:23

The regional trade bloc will invest between $114 billion and $233 billion from 2012-2027 to improve electricity generation.

South African coal miners begin strike

05/10/2015 06:14:29

South African coal miners began a strike on Sunday after wage talks collapsed last week.

S.Africa's biggest mining union says accepts gold wage offer

02/10/2015 09:13:19

National Union of Mineworkers (NUM) said on Friday its members had accepted the latest pay offer from gold producers.

Western Africa

Ghana delays Eurobond it expected to launch on Friday

05/10/2015 07:07:28

Ghana has postponed a Eurobond sale of up to 1.5 billion US dollars it had expected to launch on Friday.

Nigeria to ease foreign currency restrictions in the long term -VP

05/10/2015 06:28:49

Nigeria will keep its restrictions on foreign currency for now to preserve the country's currency reserves amid plunging oil revenues.

Double bomb attack hits Nigeria's capital Abuja

03/10/2015 18:29:05

At least 15 people killed and 41 injured.

Nigeria’s cabinet list names to be revealed Tuesday

02/10/2015 15:18:37

President Muhammad Buhari has submitted the first list of cabinet names to the Senate which is due to be announced on Tuesday.

East Africa

Ethiopia aims to grow tourism threefold in five years - minister

05/10/2015 06:38:24

Ethiopia aims to triple its number of foreign visitors to more than 2.5 million by 2020.

Kenya government provides sweetner for sugar companies

03/10/2015 18:53:33

Kenyan government writes off millions in debt.

The "Uber" of motorcycles

02/10/2015 17:18:19

SafeMotos connects customers to safer motorcycle taxis across Africa through a smartphone application.

Kenyan economic growth slows as construction, industry weaken

01/10/2015 06:43:52

Kenya's economic growth slowed to 5.5 percent year-on-year in the second quarter as construction and financial services weakened.


South Africa's rand retreats on Fed uncertainty, stocks seen higher

16/09/2015 09:00:18

S.Africa's rand retreated from its firmest in two weeks on Wednesday after gaining on a narrower current account deficit.

S.African banks under growing pressure to ease company lending rates

16/09/2015 08:37:16

Some South African banks are beginning to ease corporate lending rates, and others could follow.

S.Africa's rand softer on China data jitters, stocks seen flat

11/09/2015 08:51:16

S.Africa's rand reversed gains inspired by domestic economic data, due to pressure from reduced appetite for emerging market assets.

S.African bank FirstRand's annual profit rises 13 pct, in line with consensus

10/09/2015 08:29:26

FirstRand, South Africa's biggest bank by market value, reported a 13 percent rise in full-year profit on Thursday.


South Africa's Sappi Q3 profits fall on maintenance shutdowns

07/08/2015 09:14:00

South African pulp and paper company Sappi posted a 89 percent fall in third-quarter earnings on Friday.

South Africa's Sasol flags lower FY earnings on softer oil price

07/08/2015 09:07:42

S.African petrochemicals company Sasol said on Friday it expected full-year profits to fall by up to 19 percent due to softer oil prices.

South African insurer Liberty plans to spend millions on Nigerian deals

07/08/2015 08:50:19

South Africa's fourth-largest insurer Liberty Holdings reported a 6 percent increase in half-year profit on Friday.

Omnia FY earnings inch up, mining woes a constraint

23/06/2015 08:49:00

Omnia, reported a slight rise in year earnings on Tuesday.

Special Reports

Social Contract as a way to further an inclusive economic agenda

30/09/2015 15:14:54

Social contracts still need to be developed to bridge the inequality between communities and private sector.

We can address social inequality: Stephen van Coller

13/08/2015 07:52:30

Barclays Africa’s CE for Corporate and Investment Banking Stephen van Coller has called for a robust approach in dealing with inequalities.

SMEs the answer to S.Africa's unemployment

29/06/2015 15:40:29

The SME landscape in South Africa is grappling with the ability to create employment.

Collaboration crucial to promoting entrepreneurial development

29/06/2015 15:23:24

Industry leaders have called for improved relations between government and private sector in promoting enterprise development.


Opening Pandora’s Box: The bitter harvests of xenophobia

24/04/2015 16:04:29

It is a supreme irony that, exactly 30 years later, the troops are back on the streets of Alexandra.

Please beat the count Ali

24/10/2014 12:54:21

There are many Africans who are praying that Muhammad Ali will beat the count and rise from the hospital bed where he lies critically ill.

The rise of the island paradise

03/10/2014 11:32:19

From the moment you step on the plane you know Mauritius means business.

TB Joshua Lagos church collapse: the cheapness of life in Africa

19/09/2014 14:41:52

As a journalist, it makes me sick.

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