Business Affairss

TUNIS— Tunisia’s tourism revenues grew by 110.4 percent during the first 10 days of 2023, compared to the same period last year, said the Tunisian Ministry of Tourism and Handicrafts.“In the first 10 days of this year, the number of tourists visiting T...

DAR ES SALAAM— TANZANIA’S economy is on the right track despite shocks exerted by the global rise of inflation, war in Ukraine and Covid-19, thanks to the measures taken by the government to diversify the production sector.The Deputy Permanent Secretar...

Treasury Secretary Janet Yellen will meet with her Chinese counterpart, Vice Premier Liu He, in Switzerland on Wednesday to discuss economic developments between the two nations.The Zurich talks will be a follow-up to the November meeting between Presi...

JOHANNESBURG— Finance Minister Enoch Godongwana says international and local challenges continue to pose as obstacles in the growth of the South African economy.This as real Gross Domestic Product (GDP) grew by some 1.6% in the third quarter of 2022.Sp...

Honourable Ministers, Esteemed ColleaguesProgramme Director, Ms Cleo MosanaLadies and GentlemenIntroductionThank you for making the time to meet with us today to collectively prepare for Davos.This gathering gives us an opportunity, as Team South Afric...

WASHINGTON, Jan 11 (NNN-AGENCIES) — Global growth is expected to slow “perilously close” to recession in 2023, the World Bank said, slashing its economic forecast on high inflation, rising interest rates and Russia’s invasion of Ukraine.Economists have...

Growth in emerging market and developing economies will be hit hard over the next two years, according to the World Bank’s latest Global Economic Prospects report.Globally, growth continues to slow sharply due to rising inflation and interest rates, re...

BEIJING — China's new Foreign Minister Qin Gang is starting his term with a weeklong trip to five African countries, the Foreign Ministry announced Monday.Qin, who until recently was ambassador to the United States, will visit Ethiopia, Gabon, Angola, ...