Leonard Witbeen

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Africa

Italy and African Development Bank Seal €400 Million Deal

Italian state lender CDP and the African Development Bank signed a €400 million roughly US$420 million co-financing agreement on Thursday to support climate finance, sustainable agriculture, education, and technical assistance. The deal, which was finalized during the AfDB's Africa Investment Forum in Rabat, is part of Italy’s €6 billion Mattei plan aimed at boosting African development.

today6 December, 2024

Africa

Botswana’s Central Bank Holds Interest Rate Steady

  CNBCAfrica reports that Botswana’s central bank has decided to keep its main lending rate at 1.90% on Thursday, citing expectations that the economy will remain below capacity and not generate inflationary pressures due to a downturn in the global diamond market. This marks the second consecutive meeting where the rate has been left unchanged. The rate is applied through a seven-day instrument.

today6 December, 2024

World

French President to pick new PM after ousting

French President Emmanuel Macron has called for a "spirit of hope" in his country, as the nation wrestles with a constitutional crisis after its Prime Minister was kicked out of office. Monsieur Macron, in a televised address on Thursday night, vowed to appoint a new premier in the coming days. From Paris, Ross Cullen reports.  

today6 December, 2024

Business / Economics

NamRA Commissioner Elected African Tax Administration Forum Vice

Sam Shivute, Commissioner of the Namibia Revenue Agency was elected Vice Chairperson of the African Tax Administration Forum during its General Meetings in Kigali, Rwanda. This election signifies Namibia's growing influence in African tax governance, with Shivute joining eight other commissioners on the ATAF Governing Council for a two-year term.Yarukekuroo Ndorokoza is NamRA's Chief Strategic Communications and Support Engagements official . He expandson ATAF:  

today6 December, 2024

South Africa

S.A’s Cabinet Lauds Energy Action Plan for Sustained Power Supply

The South African Cabinet has commended the successful implementation of the national energy action plan, led by Electricity and Energy minister, Kgosientsho Ramokgopa. The plan has contributed to 252 continuous days of power supply, and a saving of 17.37-billion-rand. In her media address, minister in the Presidency Khumbudzo Ntshavheni said cabinet was also updated on Eskom’s progress with the successful rollover of 5.5-million prepaid meters:  

today6 December, 2024

World

NY police hone in on health insurance exec killer

    Police looking for the gunman who killed the CEO of a US health insurance company in New York have searched a hostel where they believe the suspect may have been staying. New York police department says United Healthcare boss Brian Thompson was shot in a targeted attack. US correspondent Kate Fisher reports:  

today6 December, 2024