Category: Africa News

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…

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…

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…

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…

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…

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…

By Staff Reporter Namibia and South Africa will be holding a 3rd Session of Bi-National Commission (BNC) to be hosted by Namibia on 28 June to July 1, 2022 in Windhoek. Amb. Penda Naanda, Executive Director in the Ministry of International Relations and Cooperation revealed that the 3rd Session will review cooperation in a wide…

By Staff Reporter African Development Bank Group President Dr Akinwumi Adesina concluded a three-day official visit to Washington DC on Saturday. Alongside the Spring Meetings of the International Monetary Fund and World Bank, the visit included several bilateral engagements with stakeholders on African development. Adesina garnered broad strong support for a robust 16th replenishment of…