Revenue

In S.A, DA Demands Accountability Over R1 Billion Municipal Deficit

In S.A, the DA in the Free State is calling for urgent accountability, as the Maluti-a-Phofung Municipality ends the 2023/2024 financial year with a one-billion-rand deficit. Over the past year, revenue stood at 1.73-billion-rand while expenses reached 2.82-billion-rand. The DA’s, Alison Oates, says this financial mismanagement directly affects residents, who continue to face water shortages, electricity instability, and deteriorating municipal services:

19 February, 2025 41

Business / Economics

Rössing Uranium Reports Record Performance in 2023

Rössing Uranium's 2023 Sustainability and Performance Report reveals record achievements, with the mine producing 6.4 million pounds and selling 6.9 million pounds of uranium, resulting in N$6.48 billion in revenue, a significant increase from 2022's N$4.84 billion. Key markets included China, North America, and EMEA. Dividends of N$177 million were paid. The mining sector contributed 14.4% to GDP, with over N$21 billion spent on local procurement and N$6.4 billion in […]

20 June, 2024 30

Africa

African football won the 34th Afcon, with Côte d’Ivoire a close second

By Chuka Onwumechili, Howard University The 34th Africa Cup of Nations (Afcon) came to an end in Côte d'Ivoire with millions of viewers around the world shouting at TV screens, and an astonishing performance by Côte d'Ivoire both on the field as champions and off it as hosts. The west African country beat Nigeria 2-1 in the final but the good news was bigger than the match. […]

14 February, 2024 12

Africa

International clubs look to Africa for female football talent

By Bonface Orucho, bird story agency Africa is growing into a critical supplier of professional female football talent to international clubs outside the continent, according to a new FIFA report. The ‘Global Transfer Report 2023’ released on January 30 by the international football governing body, FIFA, shows that Nigeria and Ghana produced among the highest number (in the top ten globally) of women players in the international transfer […]

1 February, 2024 150

Business / Economics

ATIDI signs partnership agreement to underwrite AMEA Power’s 20 MW Solar Project in Uganda

African Trade & Investment Development Insurance, ATIDI, announced its intent to support the 20 MW Ituka West Nile Uganda Ltd solar project developed by AMEA Power, a Dubai-based Independent Power Producer (IPP). ATIDI will support the project via its Regional Liquidity Support Facility (RLSF) by providing payment guarantees for the benefit of the project on behalf of the Ugandan national power utility, Uganda Electricity Transmission Company Limited (UETCL). The partnership was announced in a signing […]

15 December, 2023 61

Sport

Women’s Sport revenues projected to top 1 Billion Dollars in 2024

Global revenues from women's sport will top $1 billion for the first time in 2024 thanks to an explosion in popularity, according to financial experts Deloitte. Fresh from a highly successful 2023 World Cup in Australia and New Zealand, football's revenue is expected to reach $555 million out of a total predicted figure of $1.28 billion in 2024. But more than 50 percent of total revenue for women's sport is […]

29 November, 2023 8

World

Fast-fashion giant Shein applies to go public in US: report

ATTENTION - ADDS Shein declined to comment /// Washington, Nov 28, 2023 (AFP) - Chinese-founded fast fashion giant Shein has confidentially applied to go public in the United States, the Wall Street Journal reported Monday, calling the move potentially one of the biggest IPOs in years. The offering could come next year, the newspaper said, citing people familiar with the matter and adding that Chinese media had also reported on […]

28 November, 2023 10

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Namibia

NamRa announces Black Friday special

The Namibia Revenue Agency has announced a Black Friday special, allowing taxpayers to settle their outstanding amounts, including all interests and penalties, at a discounted rate of 100 percent. Here is the Agency's Tonateni Shidhudhu.

23 November, 2023 90 2