insert_link Business / Economics Morning Biznews update – 22 March 2024 With South Africa’s annual consumer price inflation increasing to 5.6% in February, exceeding economists' expectations, and rising closer to the top of the central bank's 3% to 6% target range, all hopes of an interest rate cut before the Monetary Policy Committee meeting in July have fallen. A number of economists are in fact now looking at September as the first opportunity for any easing of the country’s 8.25% repurchase rate. […] todayMarch 22, 2024 7
insert_link World Portugal to establish coalition government In Portugal, the leader of the centre-right Democratic Alliance party, Luis Montenegro, has been invited to try to form a government after inconclusive elections earlier this month. Giles Gibson reports though that he has already ruled out a coalition with the far-right Chega party, which now holds 50 seats in parliament. todayMarch 22, 2024 17
insert_link Africa Investors watching Senegal election closely Foreign investors are keeping a close eye on Senegal’s upcoming election, already marred by delays and uncertainty, amid concerns over the political and economic direction in which key opposition leaders might take the country if voted into power. Al Jazeera reports that nineteen candidates are running in Sunday’s election, including former Prime Minister Amadou Ba, and Bassirou Diomaye Faye, a tax inspector running in place of jailed opposition figure Ousmane Sonko. While […] todayMarch 22, 2024 5
insert_link Namibia Angolan national trampled by elephant An Angolan national has died after being attacked by an elephant in the Uukolonkadi-Ruacana conservancy. Ministry of Environment, Forestry, and Tourism, spokesperson Romeo Muyunda says that the deceased and others were attempting to chase the elephant from a field. todayMarch 22, 2024 17
insert_link Namibia Namibian delegation to attend 148th Inter-Parliamentary Union assembly Speaker of the National Assembly, Dr. Peter Katjavivi, will lead a delegation of members of parliament to attend the 148th Inter-Parliamentary Union assembly in Geneva, Switzerland from 23 to 27 March. While there, members are expected to participate in meetings of IPU statutory bodies, such as the governing council and standing committees ranging from the human rights of parliamentarians to what parliamentary action to take regarding the protracted conflict in […] todayMarch 22, 2024 11
insert_link APO International All Africa Music Awards (AFRIMA), President speaks on fostering collaboration within African music community as BridgeAfric launches in Malawi [[{"value":"In continuation of promoting and showcasing African artistes, providing them with platforms to reach a global audience beyond their home countries, the President/Executive Producer, All Africa Music Awards, AFRIMA (www.AFRIMA.org), Mike Dada, would be sharing his thought at the BridgeAfric’s Southern Africa launch in Malawi on March 23, 2024. BridgeAfric is a revolutionary initiative aimed at connecting African artistes and industry professionals across the continent led by the dynamic Victoria […] todayMarch 21, 2024 6
insert_link APO International Afreximbank’s MANSA Digital Initiative Achieves Four ISO Standards Certifications for its Integrated Management System (IMS) [[{"value":"The Africa Export-Import Bank (Afreximbank's) (www.Afreximbank.com) MANSA Digital Initiative, a Pan-African due diligence platform, has been awarded four ISO standards for the effective implementation of its Information Management Systems (IMS). MANSA Digital Initiative is a pan-African customer due diligence platform created by Afreximbank to promote, expand and support both intra and extra African trade, with a special focus on value-added exports from Africa. These four certifications recognize the successful implementation […] todayMarch 21, 2024 7
insert_link APO International African Development Bank and Mozambique strengthen partnerships to boost regional infrastructure development and trade [[{"value":"The African Development Bank (www.AfDB.org) and Mozambique reinforced their partnership during a visit by Mr. Solomon Quaynor, the Bank’s Vice President for Private Sector, Infrastructure and Industrialization. This visit, held from March 12th to 15th, 2024, underscores the Bank’s commitment to supporting Mozambique's economic growth trajectory, particularly following the third review of the country's Extended Credit Facility with the International Monetary Fund and the Bank's recent Economic Acceleration Package and […] todayMarch 21, 2024 8
insert_link APO International Large players pull out all the stops to keep Africa connected [[{"value":"With only three of the ten undersea cables that connect South Africa to the world still in operation, it is quite remarkable that the region remains as well connected as it is. This is the view of Workonline Communications (www.Workonline.Africa/), one of the leading providers of wholesale IP transit services in Africa, commenting on recent disruptions to internet connectivity across the continent due to multiple undersea cable faults. “The cable breaks […] todayMarch 21, 2024 8