Author: Francis Mwema

Small business enterprises in Egypt wishing to transact business with Amazon Payment Services, a payment processing service in the Middle East and North Africa (MENA) region, have all reasons to do so after the Service provider announced that it will waive all fees for the new businesses.

This latest move is in line with Amazon Payment Services’ mission of providing business with simple, affordable and trusted online payment experiences.

ALSO READ: Zimbabwe prepares itself ahead of a tourism recovery

It is a support initiative undertaken by the Amazon payment services in line with an initiative launched by the Central Bank of Egypt (CBE) of encouraging the transition to digital payments in Egypt.

This has seen Amazon Payment Services waiving all account setup and maintenance fees for Micro, Small & Medium Enterprises (MSMEs) for its digital payment service throughout the month of Ramadan until the end of June 2021.

To implement …

Tourism and Hospitality management group, Rainbow Tourism Group (RTG) is upbeat of positive performance going forward offsetting the negative impacts of the Covid-19 pandemic in FY2020.

The Rainbow Tourism group which is located in Zimbabwe, has an extensive portfolio of owner-managed or leased hotels and conference facilities in Zimbabwe and Mozambique, as well as a tour operator company.

As countries implement Covid-19 vaccinations to its residents as part of efforts to limit the spread and severity of the pandemic, the group is hopeful of the economic recovery with anticipation healing on the travel and tourism sector across the globe.

“The tourism industry was adversely affected by the Covid-19 pandemic. While the current situation is likely to persist into early 2021, we remain confident that the tourism industry will in time rebound and set the hotel business on a path towards recovery.

“A glimmer of hope has come from the ongoing …

The Jubilee Syringe Manufacturing (JSM) Company Limited, the largest disposable syringe factory in Africa that produces disposable syringes, made with state of the art technology, from high quality medical, has been awarded the internationally recognized ISO certifications for its conformity with industrial quality and management.

Jubilee Syringe Manufacturers was presented with the ISO 9001:2015 and ISO 13485:2016 certifications, almost four years after its inauguration in September 2017 mandated to produce syringe for single use hypodermic and sterile disposable syringes.

Jubilee Syringe which is the largest disposable syringe factory in Africa was established in 2017 through the vision of Governor Udom Emmanuel’s led administration. The Company which has since commenced operation is producing three types of disposable syringes (2ml, 5ml, and 10ml).

ALSO READ: Mobile Data Providers In S.A Put On Notice Over High Prices

This disposable syringes whose raw materials are produced by Nigerian Petrochemical companies come handy with the …

South African regulators have put on notice Communications companies in country who are charging unbearable prices for mobile data, this is after South Africa was ranked 136th worldwide for its mobile data pricing this year in a study that was conducted based on the cost of 1 gigabyte (1GB) of mobile data.

The research was conducted by Cable.co.uk between the month of December 8, 2020 and February 25, 2021, with 6 148 mobile data plans in 230 countries gathered and analyzed.

South Africa’s data costs an average of $2.67 (R38.93) for 1GB of data from a sample of 60 plans measured on February, 25. The study found the cheapest data cost $0.12, while the most expensive was $34.95.

Data prices are keenly looked at by South African consumers after the Competition Commission found South Africa’s major mobile providers, Vodacom, Telkom, MTN, and Cell C, were charging too much for mobile …

Tobacco farmers in Zimbabwe are positive about this year’s marketing season that was officially opened on Wednesday will surpass the last year’s figures.

This year’s saw an increase in price of tobacco per Kg retailing at 4.30 U.S. dollars from 4 dollars last year.

According to estimates, about 200 million kg of tobacco will be sold this season, as compared to 180 million kg valued at 452 million dollars that were sold last year.

Tobacco Farmers from different parts of the country especially in Harare will mark the start of tobacco sales season in a market hall despite strict health restrictions.

Tobacco production in Zimbabwe is expected to grow by nearly 9% this year, according to the Tobacco regulatory authority.

“Our tobacco harvest was very good this season and we expect good profit this year and I can see good prices as well. The highest I saw was US$4.30 and …

The ravaging Covid-19 pandemic earlier last year 2020 forced the Federal Government of Nigeria to suspend borrowing from International market but with their progressive economic recovery they have since announced plans to re-enter the international debt market this year once again.

Patience Oniha, the Director-General of the Debt Management Office (DMO), revealed this during a Reuters interview on Wednesday, April 7, 2021.

According to the Director-General of the Debt Management {DMO} the country will issue Eurobonds in 2021, with specifics to be published soon and an open bidding procedure for advisors.

ALSO READ: Folorunso Alakija Drops From Forbes List Of Nigeria’s Dollar-Billionaires

She also confirmed that the Eurobond would be included in the budget’s external borrowing plans for 2021.

A Eurobond is a debt instrument that’s denominated in a currency other than the home currency of the country or market in which it is issued.

Nigeria’s outstanding Eurobonds debt as …

Folorunso Alakija has been dropped from Nigeria’s Forbes list of dollar- billionaires for a second year in a row according to a statement released by Forbes 2021 world billionaires on Tuesday.

The Nigerian Africa Billionaire businesswoman is involved in the fashion, Oil, real estate and printing industries. She is currently the group managing director of The Rose of Sharon  Group which consists of The Rose of Sharon Prints & Promotions Limited, Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited.

Nigeria the most populous country in Africa and the seventh most populous in the world with an estimation of 206 million inhabitants as of late 2019 with the largest economy in Africa has only three dollar-billionaires now.

ALSO READ: Tanzanian Billionaire Mohammed Dewji Lands Investment Advisory Job In S.A

The current world dollar-billionaires in Nigeria according to Forbes are Chairman of Dangote group that spans a range …

Tanzanian billionaire businessman and owner of MeTL Group, a Tanzanian conglomerate Mohammed Dewji has been appointed by South African Cyril Ramaphosa as his Investment advisor.

Mr Dewji, a former CCM politician also known as ‘Mo’ will sit on President Ramaphosa’s investment advisory council, for a period of three years.

In a statement released on April 7 by MeTL says that Mr. Dewji together with other colleagues appointed on the Investment advisory council will be responsible for the development and implementation of strategies and programs to attract and retain domestic as well as foreign direct investment to the Republic of South Africa.

In 2019 South Africa’s president Cyril Ramaphosa visited Tanzania to meet with his Tanzanian counterpart to deepen and strengthen economic ties through expanded trade and investment marking a decade long cooperation between the two Nations.

ALSO READ: African Development Bank To Support Seychelles On Economic Recovery

South Africa is …

The African Development Bank is working on a financial facility to support Seychelles in its COVID-19 recovery programme according to a top official of the bank.

During a courtesy call on President Wavel Ramkalawan at State House today April 7, The executive director of AfDB, Cheptoo Amos Kipronoh, said that Seychelles the bank will support the government to heal the economy of its country.

“The facility will try and help Seychelles fully in the recuperation of its economy. I am seeing that the recovery process is going very well and the country has been able to vaccinate 60 percent of its population,” said Amos Kipronoh.

“We are also seeing that the hotel businesses are also recovering and the bed occupancy is now very high. So we are working closely with the government to ensure a strong recovery process so that the economy becomes more resilient,” he added.

ALSO READ: Microsoft …

Over 30 million people from 249 countries and territories have been helped by Microsoft to acquire relevant digital skills owing to the evolving technological job market. Microsoft has surpassed its initial goal of helping 25 million last year in June. Microsoft is also extending the company’s commitment to help 250,000 companies make a skills-based hire in 2021.

Since the outbreak of Covid-19 many companies, state public departments to private owned factories saw many employers lose their jobs due to financial restraints brought about by the pandemic. From this laid-off factory workers to retail associates and truck drivers, millions of people worldwide have since turned to online learning courses from GitHub, LinkedIn, and Microsoft during the pandemic to help prepare for and secure the most in-demand roles, including customer service, project management and data analysis.

The announcement, detailed on the Official Microsoft Blog, builds on the company’s efforts to help people …