Borrowing within an economy is more than just taking out a loan; it demonstrates trust in financial systems and is a fundamental driver of business growth and development. Borrowing reflects trust in financial systems and is vital for economic growth. Low levels of formal borrowing may indicate economic exclusion or sufficient household income. Informal lending…
South Africa has been granted $115 million in emergency funding from the United States to maintain crucial HIV/AIDS services after disruptions caused by a global aid freeze earlier this year. South Africa has secured a $115 million emergency aid package from the US to maintain HIV/AIDS services amid disruptions caused by a global aid freeze.…
The Democratic Republic of Congo is pitching the world’s largest hydroelectric site as a source of cheap, renewable energy for data centres, amid surging global demand driven by artificial intelligence. Congo aims to promote the Inga hydroelectric site as an ideal location for renewable energy data centres due to its vast potential and resources. The…
Ghana has consistently touted its intentions to regulate the use of cryptocurrency within its borders, and recently, the country revealed that said regulations could take effect before the end of the year. Ghana aims to implement cryptocurrency regulations by December, led by the Central Bank of Ghana. The regulatory framework includes the Virtual Asset Providers…
Africa’s gold refining industry is entering a transformative phase as nations race to capture more value from their mineral wealth with the launching of more refineries. Africa’s gold refining industry is undergoing significant changes with a focus on retaining value from its mineral wealth. New and expanded refineries in countries like Ghana, Uganda, and Mali…
China’s BYD, the world’s largest maker of new energy vehicles (NEVs), is preparing to electrify South Africa, and potentially the rest of Africa, with an ambitious rollout of charging infrastructure. BYD, the world’s largest NEV maker, will establish 200-300 charging stations in South Africa by 2026, expanding its electric vehicle infrastructure across the nation. The…
Vodacom, one of Africa’s leading telecommunications operators, is investing over R500 million ($29 million) in South Africa’s network infrastructure for the 2026 financial year (FY26). Vodacom is investing over R500 million in Limpopo’s network infrastructure through FY26, focusing on expanding radio and transmission capabilities. The investment includes deploying advanced 4G and 5G technologies to urban…
South Africa has reaffirmed its commitment to pursuing genocide charges against Israel at the International Court of Justice, saying the newly declared Gaza ceasefire does not alter the legal process. South Africa continues to pursue genocide charges against Israel at the ICJ, unaffected by the Gaza ceasefire. The government aims to address and prevent alleged…
The Department of Employment and Labour in South Africa has issued a stark warning to employers: non-compliance with the new Employment Equity Act (EEA), which came into force on 1 January 2025, will carry heavy consequences. New equity law takes effect: South Africa’s updated Employment Equity Act, effective January 2025, enforces racial and gender diversity…
