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AfricaBusinessEconomy

Report: Shell is planning to leave South Africa.

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The Sunday Times and City Press have two reports claiming that the petrochemical behemoth Shell intends to leave South Africa. The international firm will sell its 72% share in Shell Downstream South Africa, according to reports quoting sources connected to Shell’s BEE partner in South Africa, Thebe Investments. Conflict about the worth of Thebe’s remaining 28% interest in the…
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AfricaEconomyHealth

More African nations recall Johnson & Johnson children’s drug

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As concerns over the safety of pharmaceutical products intensify, several African nations have taken proactive measures to recall a children’s drug manufactured by Johnson & Johnson. The decision to recall the medication follows reports of potential contamination and adverse health effects, prompting swift action from health authorities across the continent. The drug in question…
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AfricaEconomyPolitics

North African states to form new regional bloc

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In a significant development for regional diplomacy and cooperation, several North African states have announced plans to form a new regional bloc aimed at fostering greater unity and collaboration among member countries. The initiative signals a proactive effort to address shared challenges and capitalize on common opportunities in the North African region. The decision to establish the new…
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AfricaEconomyWorld

Nigeria and India to switch to local currencies in trade

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Nigeria and India’s decision to switch to local currencies in trade marks a significant departure from conventional practices and underscores their commitment to fostering stronger economic ties while mitigating external currency fluctuations. This move reflects a growing trend among emerging economies to reduce reliance on foreign currencies and promote indigenous financial…
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AfricaEconomy

In the face of poverty, inequality, and an impending election, South Africa will commemorate 30 years of independence.

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Following years of white minority rule that denied black people the right to vote, Kunene braved long lines on April 27, 1994, to participate in the nation’s first democratic elections at this school. The nation is getting ready to celebrate 30 years of democracy and freedom on Saturday. But with so many obstacles facing Africa’s most developed economy, the fervour and hope of that…
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AfricaBusinessEconomyWorld

Direct flights from Libya to Italy set to resume

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The country’s embassy in the North African nation tweeted that Rome had lifted the ban which had been in place for a decade Exclusive News Direct flights between Libya and Italy are expected to resume this fall, Italian diplomats have said. Rome imposed the ban a decade ago amid the chaos that followed the toppling of the leader, Muammar Gaddafi, and NATO’s…
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AfricaEconomy

‘People are dying’: South Africa workers protest economic woes

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Africa’s most industrialised nation is facing rolling electricity blackouts, high unemployment and interest rates, as well as growing social unrest due to soaring costs of living. Exclusive News Johannesburg, South Africa – Hundreds of members of the Congress of South African Trade Union (COSATU), the country’s largest labour union, gathered at its head office in the commercial…
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