Category: Africa News
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Chief Inyambo Yeta III Dies
By Staff Reporter Chief Inyambo Yeta III of Mwandi, Mulobezi and Sesheke Districts has died at the age of 69 in Maina Soko military hospital in Lusaka on July 20, 2023 after he went for his medical review. He was described by the Barotse Royal Establishment (BRE) of the Western Province of Zambia as a […]
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Shelter Afrique to hold its 42nd AGM
By Staff Reporter Abuja – Nigeria is set to host Shelter Afrique’s 42nd Annual General Meeting, which will also cover a ministerial roundtable and some interlinked business activities as part of the proceedings, the pan- African housing development financier has disclosed. The event is scheduled to take place during the week of 8th to 11th May 2023 at the Transcorp […]
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How Africa’s Financial Sector Can Manage Risk in Volatile Times
Right now, every financial services company in Africa wants the same thing: to grow revenues, and reduce their risk. But with consumers across the continent struggling in the face of rising inflation and interest rates, they’re experiencing a growing wave of non-performing loans (NPLs), which is putting a brake on their growth ambitions. At the […]
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Moody’s Reaffirms African Trade Insurance’s A3 Rating
By Staff Reporter Nairobi – Moody’s Investors Service (“Moody’s”) has affirmed the A3 insurance financial strength rating (IFSR) of the African Trade Insurance Agency (ATI) for the fifth consecutive year and changed the outlook from stable to positive. Moody’s noted that the change in outlook to positive reflects the strong growth in ATI’s membership base […]
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Africa’s economic growth to outpace global forecast in 2023-2024
African Development Bank’s new report calls for bold policy actions to help African economies mitigate compounding risks By Staff Reporter Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024. This is higher than […]
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Zimbabwe Open for Business, says President Mnangagwa
By Staff Reporter “Private sector opportunities in Zimbabwe are limitless” – Zimbabwe President Dr. Emerson Mnangagwa Agriculture will power our way to achieving vision 2030” – Anxious Masuka Zimbabwean President Dr. Emerson Mnangagwa has called on investors to realize the massive investment opportunities in Zimbabwe and shun negative perceptions of risk. Zimbabwe, self-sufficient in food […]
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King Misuzulu KaZwelithini Coronation Ceremony
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Zambian president visit to Namibia strengthens Oil trade
By Staff Reporter Zambian president , Hakainde Hichilema’s first state visit to Namibia has paid a special visit to NAMCOR (National Petroleum Corporation of Namibia) and NAMCOR National Oil Storage Facility (NOSF) Jetty & Terminal in Walvis Bay recently. NAMCOR’s Manager for Marketing, Communications and Public Relations Mr. Paulo Coelho , has announced that Zambian […]
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Shelter Afrique records US$1.04M in net profit for 2021
By Staff Reporter Victoria Falls, Zimbabwe – Pan African housing development financier Shelter Afrique has posted an operating profit of US$ 1.04 million up from operating loss of US$ 0.58 million the Company recorded in 2020, backed by impairment recoveries and effective cost control measures. The Company contained its operating expenses at US$ 8.04 million in […]
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3rd Session Bi-National Commission for Namibia-South Africa postponed
By Staff Reporter The 3rd Session of the Namibia and South Africa Bi-National Commission which were slated for June 28 – July 1 2022 in Windhoek has been postponed until further notice. This was officially announced on Thursday, in a letter addressed to Caprivi Vision by Ms.Marbeline Goagoses, Deputy Director of Information and Research of […]
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