Global Markets

18 October 2024 Morning Biz News: BoN to Launch Sustainability Forum, South Africa Eyes Lower Inflation, Nigeria Reaps Reform Benefits, UK Eases Fiscal Limits

The Bank of Namibia , in partnership with the Ministry of Finance, NAMFISA, and various financial institutions, is preparing to introduce a coordinated forum to promote sustainability in the financial sector, according to The Brief. BoN Governor Johannes !Gawaxab announced that the platform, slated for launch in the coming weeks, will enhance coordination and collaboration on sustainability initiatives. In other financial news, South Africa’s central bank governor, Lesetja Kganyago, reaffirmed […]

18 October, 2024

Africa

DRC adds new investor to power its deepwater port ambitions

By Bonface Orucho, bird story agency The Port of Banana project, a deepwater project in the Democratic Republic of Congo (DRC), has gained fresh momentum with the addition of a new investor, sparking renewed optimism for the port's long-awaited completion. The British International Investment has committed up to US$35 million alongside DP World for the strategic project expected to become a key driver of trade and economic […]

22 August, 2024

Local

Trustco Group Holdings Announces Share Consolidation for Global Market Alignment

Trustco Group Holdings Limited (JSE: TTO; NSX: TUC; OTCQX: TSCHY) has announced a significant move to implement a share consolidation, also known as a reverse stock split, in response to its recent upgrade of its American Depositary Receipts (ADR) program. The board has approved and recommended to shareholders a consolidation of shares at a ratio of 20:1. This consolidation aligns with the ADR ratio of 1:20, ensuring consistency between […]

14 August, 2024

Business / Economics

Private trains to ply South African rail network in commercial revamp

By Seth Onyango, bird story agency South Africa is opening its rail network to private train operators in a commercial pivot to revitalise a key component of its transport and logistics infrastructure. It is part of the state-run logistics firm, Transnet SOC Ltd to inject dynamism into the sector, plagued by inefficiencies and maintenance challenges. On Friday, March 15, Transnet published a document laying the groundwork for […]

18 March, 2024