Browsing: SADC

• Zimbabwe Stock Exchange profiles the Agriculture and Exchange Traded Fund indices introduced on April 1, 2022.
• The Introduction of sectoral indices followed the adoption of the Global Industry Classification Standard (GICS).
• The settlement base values for both indices were  placed at 100 but ZSE ETF index back-test to January 1, 2022.

The Zimbabwe Stock Exchange (ZSE) has profiled two more sector indices, the Agriculture and Exchange Traded Fund (ETF) indices. The profiles of the indices are with effect from April 1, 2022. This brings the total number of sectoral indices to ten while total market indices add to fifteen. The Agriculture index, tracks the performance of companies in the agricultural sector. The ETF index is tailor made to measure the trading performance of the three listed ETFs. In separate announcements, the ZSE said that the base value for the two indices was 100, but the ETF index back-test to January …

The company was struggling following a significant decline in the late 90s. In a related article published by ZBC News at its utmost, the giant used to employ over 4,500 people thereby making it one of the country’s biggest employers.

Further, in addition to beef production, the company also produced a large variety of by-products such as hides, neat’s foot oil, ox gall, edible offal’s, tallow and dripping, canned meats, ham, blood meal, meat and bone meal and pork sausages among others. The institution is the lifeblood of livestock farmers and the leather value chain.

The government is targeting the revitalization of the institution under the National Development Strategy One (NDS1). The government in May 2019, signed a US$400 million joint venture farming Concession Agreement with Boustead Beef Zimbabwe, a United Kingdom-based investor. The venture was reportedly based on a Concession Agreement under Rehabilitation, Operate and Transfer (ROT) Terms.

The …

The shortage of cash is a legacy of the hyperinflation 13 years ago that caused the government at the time to abandon the Zimbabwean dollar. In 2018, the government printed 100 trillion bank notes, causing inflation to reach 500 billion per cent.
In a report published by the), a worldwide organization representing the interests of mobile money operators, Zimbabwe is ranked top among the 16 member states of the Southern African Development Community (SADC) in reference to mobile money penetration.
The GSMA, on the other hand, has stated that the), also known as the 2% tax, is making mobile money transactions more expensive.…

The construction of the Lagos-Abidjan Highway has the capacity to unlock 85 per cent of trade within the ECOWAS sub-region according to the African Development Bank (AfDB).

The Highway which is 1,028-km project will span across different countries which includes Cote d’Ivoire, Ghana, Togo, Benin and Nigeria -and traverse the economic capitals of the five coastal countries, starting from Abidjan and ending in Lagos, while equally straddling eight border crossings.

Lamin Barrow the Director-General of AfDB who represented Akinwumi Adesina the AfDB President appearing on Tuesday as a panelist at a one-day webinar to showcase the investment opportunities from the Federal Government of Nigeria’s reforms and privatization activities, said that while the Federal Government had spearheaded various reforms in the banking sector that enhanced the resilience of the financial system, there was a need to stay the course in completing the bold reforms initiated to restructure the energy sector.

Nigeria’s …

The SADC Chairperson who is also the President of the Republic of Mozambique, His Excellency Filipe Jacinto Nyusi, says the Southern African Development Community (SADC) has made significant progress in strengthening its efforts to integrate its economies and promote peace and security among the member states.

Speaking in the foreword to the SADC 40^th anniversary publication titled, 40 Years of SADC of Enhancing Regional Cooperation and Integration a publication that brings to light the history of SADC and key achievements that the Region has made since 1980, The SADC Chairperson Filipe Nyusi said the bloc also takes the opportunity to hail its founders and thank them for their vision, dedication, courage and values, which the Region has inherited.

The publication that was launched in Maputo, Mozambique, on June 23^rd, 2021 during the Extraordinary SADC Summit of Heads of State and Government was Published by the SADC Secretariat …

The Southern African Development Community (SADC) Extraordinary Summit has approved the mandate to deploy the regional standby force to Mozambique.

The country which is hosting the meeting is battling terrorism and insurgents in the northern region of Cabo Delgado.

The 16-member bloc has been grappling with how to respond to the conflict in which thousands have been killed since 2017.

The insurgency, led by an Islamist group known as the Sunnar (popularly known locally as Al-Shabaab), has destabilized the region since October 2017. Its strength has grown tremendously since last year. In October it made a daring raid on one of the major towns in the north, Mocimbao da Praia. And then in March this year it targeted foreign contract workers, including South Africans.

After months of deliberations and disagreements on what would be the best response to the instability and terrorism in the region- a decision to deploy forces …

More than half of the African countries have ratified the trade agreement with Nigeria, the biggest economy on the continent, being the latest to ratify.…

Zambia – Tanzania relations

It’s no secret that Zambia’s economic situation has gone from bad to worse over the years. In mid-2018 the country’s debt reached 9.4 billion USD and has become worse as we stand in 2020, in just a period of 2 years (Ofstad & Tjønneland, 2019).

In May 2020, the Tanzania-Zambia borders were closed due to the pandemic, however, the reopening of trade between the two countries seems to be normalized as nations are now gung-ho in pushing cross border trade.

Zambia’s Economic Snapshot

source: tradingeconomics.com

The graph above shows Zambia’s development from the year 1990 to the year 2019. The country’s economy improved from the year 2011 to the year 2018, as one can see the national GDP output increasing as a result of its healthy inflation rate. In 2019 the country’s economy took a dive and started to falter given that it’s inflation rate …

In recent history virtually every continent and economic block has been trying to establish common trade area agreements as well as political unions. Africa is no different –SADC, ECA, COMESA, ECOWAS and SACU are just some of the examples of African countries trying to collaborate to drive the many aspects of social and economic development.

It is a system and an idea that promises to accelerate inclusion and promote regional prosperity among neighbours and the AfCFTA (The African Continental Free Trade Area) is rapidly becoming the embodiment of that reality – 28 African countries operating as a free trade area. As expected from an agreement of this magnitude, few people fully understand its complexity and intricacies.

FurtherAfrica spoke to one of AfCFTA’s strongest advocates. Mark-Anthony Johnson, CEO of JIC Holdings – an investment, trading and acquisition entity focused in Africa and emerging economies with roots back to 1985. Mark’s JIC …

Mozambican President Filipe Nyusi will later this month take over the Chairmanship of the Southern African Development Community (SADC).

The 40th Heads of State summit will be held virtually as Mozambique takes helm of the regional organization to speak on peace, security and regional co-operation.

Up to this year, the Chairman of the 16-member regional bloc was under the leadership of Tanzania’s fifth President, Dr. John Magufuli.

President Magufuli, the seating chairperson, assumed the leadership of the trade bloc last year in August. Arguably, President Magufuli had to deal with one of the worst crisis that the SADC trade bloc has ever had to face, Covid-19.

As it did for the European Union and other World trade areas, the Covid-19 global pandemic rendered business asunder across all 16 member states. Most all SADC member states were forced to close their borders effectively disrupting business flow across Africa’s largest trade bloc.…