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Browsing: South Africa
Africa’s vast untapped oil and gas reserves have the potential to reshape the continent’s energy landscape and stimulate sustainable economic…
Aggressive marketing campaigns targeting the younger demographic are significantly driving the choice of drinks. Health consciousness is not just a…
The BRICS countries bear a profound responsibility amid a shifting global economic axis. They have the extraordinary chance to reshape the world order, bestowing more significant equity and amplified voice upon the realms of the Global South.
A defining moment in the global economic axis awaits as the BRICS Summit 2023 gathers in South Africa. It signals the member countries to seize this opportunity to shape an unprecedented global economic governance system, an inclusive, all-encompassing, and efficient system.
Nigeria received $1.2 billion in 2022 to fund and support fintech-based startups. South Africa led in electronic bank transfers, with…
A new platform dubbed inDrive.Freight will allow users to send parcels with the cost of delivery negotiated with the driver. …
Civil unrest, electricity crisis and natural disasters in South Africa deal a body blow to the regional economy growth prospects.…
Population growth and economic development have necessitated speeding up and scaling up infrastructure development in Africa. Over 28 African nations have seen population growth of more than double in the last 30 years. The population of 26 other African countries will quadruple over the next 30 years. Consequently, funding for the continent’s infrastructure has become essential.
Experts warn South Africa’s growth is too low to create enough jobs to absorb new workers entering the labor market.…
A new $273,716 Growth for Jobs Tourism Challenge Fund seeks to grow South Africa’s tourism numbers by engaging SMEs. The…
In the last 20 years, Africa’s external debt has grown fivefold to about $700 billion. According to Chatham House, a policy centre in London, Chinese lenders account for about 12 per cent of that amount. As of November 2022, the International Monetary Fund (IMF) and the World Bank considered 22 low-income African countries to either be in debt distress or facing potential external debt distress.