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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 …
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.…
Africa is great and has the potential to be greater—economically. The youngest continent in the world stands to garner billions in the trade as its youngest generation present a potential to transform, the continent’s economic pillars, from agriculture to investment.
The region has more than 1.3 people and nearly 60 per cent of its population is under 25 years, according to United Nations Data for World Population Prospects 2017. This means that Africa can fetch healthy intra-regional and international trade growth if it utilizes its existing potentials.
As the African Continental Free Trade Area (AfCFTA) is around the corner to be domesticated (postponed due to virus outbreak), the trade pact could ignite Africa’s industrialization and boost income generation.
The trade pact connects more than 1.3 billion Africans in 55 countries with a combined gross domestic product of nearly $ 3.4 trillion while lifting more than 30 million people from extreme …
Development Bank of Southern Africa (DBSA) gave $81.30 to Mozambique’s national energy utility, Electricidade De Mocambique (EDM) for the rehabilitation and upgrading of the energy supply network.
This financing support is in line with Mozambique’s 2030 plan to upgrade its power network for it to provide universal electricity access.
Electricidade De Mocambique has launched several projects focusing on strengthening the transmission grid and improving distribution capacity in the country.
Phase one is ready for implementation. It comprises of two out of twelve projects located at Pemba City and Maputo City at an estimated cost of $81.30 million.
Also Read: African Development Banks and ABSA sign Risk Participation Agreement
The DBSA loan facility will be advanced directly to EDM as a 15-year senior debt facility.
Banco Nacional de Investimento (BNI), Mozambique’s development bank served as the project’s evaluation partner and providing capital raising and advisory services.
Development Bank of Southern Africa …