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Browsing: South Africa
Africa will be the second fastest-growing regional economy in 2024. Over 10 African countries will experience substantial GDP growth. In October 2024, the International Monetary Fund emphasized Africa’s pivotal role in global economic development and resilience.
Africa could face economic headwinds this year. However, some of the continent’s brightest spots are lighting up the economic prospects. According to the International Monetary Fund, six of the top 10 performing nations globally are projected to come from Africa in 2024.
Continuing from the discussion of evolving US-Africa trade relations, a key aspect of this dynamic is the strategic objective of…
One of the convenient instruments for shielding investment portfolios from market uncertainties is South African gold exchange-traded funds (ETFs). South…
The mining sector, a vital generator of economic growth, will benefit significantly from Australia-Africa relations. Australia’s presence in Africa’s mining…
With untapped potential in private healthcare, skilled doctors, and a growing interest in medical care, South Africa is making its…
Artificial Intelligence (AI) is emerging as a key player in transforming South Africa’s labour market and empowering its youth population.…
Mozambique’s Green Energy Transition Strategy (ETS) to drastically reduce its dependence on fossil fuels. As a nation with one of…
Artificial Intelligence (AI) offers new job opportunities for tech-savvy African graduates. African policymakers must, however, protect current employees from job…
South Africa-based insurer Hollard International has extended its footprint into East Africa. Hollard, a privately owned insurance, has struck a deal to acquire a stake in Apollo Investments Limited, the parent company of Kenya-headquartered APA Insurance.
This strategic investment, subject to regulatory approvals, gives Hollard International a presence in the East African market. The new acquisition supplements its existing operations in Southern and West Africa. Once approved, Hollard will become the second international investor in APA Insurance, following Swiss Re, which acquired a stake in 2014.
The African Development Bank (AfDB) has initiated a five-year plan to stimulate growth in South Africa, the continent’s most advanced economy. Dubbed the Country Strategy Paper (CSP) 2023-2028, AfDB has outlined two main lines of action. The Bank aims to enhance governance while deploying strategies to revamp the private sector.
Concerning governance, CSP 2023-2028 will support the South African government in its efforts to address persistent structural challenges. This approach aims to promote industrialisation and establish a faster, more inclusive growth trajectory to combat poverty.