South African container ports have set a new operational milestone, moving a record 18,689 twenty-foot equivalent units (TEUs) in a single day during August, the highest daily volume recorded since the pandemic. South African ports set a daily operational milestone by moving 18,689 TEUs in August. The Southern African Association of Freight Forwarders highlighted this…
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Across Africa, the strength of a country’s currency frequently influences its cost of living, trade performance, and economic stability. When the currency of an African country drops dramatically, it exposes the economy to greater import costs, inflationary pressures, and decreased investor confidence. Currency strength significantly impacts economic conditions in African countries. Ghana’s currency, the Cedi,…
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Africa’s two largest economies are feeling the strain of Washington’s tariff crackdown, as Nigeria and South Africa adjust their postal services to comply with sweeping new rules imposed by the United States. The United States’ new tariff regulation affects international postal shipments, particularly from Nigeria and South Africa. The South African Post Office (SAPO) has…
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South African President Cyril Ramaphosa has inaugurated a pioneering G20 taskforce to address global wealth inequality, with a focus on its impact on growth, poverty, and multilateral cooperation. President Cyril Ramaphosa launched a G20 task force to address global wealth inequality. This initiative emphasises South Africa’s focus on developing nations’ challenges, such as debt and…
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African citizens are paying some of the highest fees in the world for international passports, even as activists and policymakers call for a more unified continental immigration strategy. Business Insider Africa presents the 9 African countries where citizens pay the highest passport fees. The list is courtesy of Henley Passport Index. Several African countries, including…
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Zambia’s stock market outpaced the world in August, with the Lusaka Securities Exchange All Share Index climbing 14.3% as the country benefits from a copper boom. Zambia’s stock market in August demonstrated significant growth, with the Lusaka Securities Exchange All Share Index rising 14.3%. The market is one of the best-performing globally this year, driven…
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