Business

ZANZIBAR— A court has ordered the government of Zanzibar to pay a Thai company $69 million (about TSh159 billion) for rice bought in 1988.If Zanzibar had settled the payment in time, it would have paid $12.9 million (about TSh30 billion) 37 years ago.T...

JOHANNESBURG— The 5th Joint Trade Committee (JTC) meeting to enhance Bilateral Economic Relations between South Africa and Vietnam is currently underway at the Gallagher Convention Centre in Johannesburg.The two-day JTC meeting which will wrap up on No...

Nigerian President Muhammadu Buhari opened the first oil drilling site in the country's north Tuesday, saying it will bring energy security and economic development.The fresh source of oil comes as Nigeria's production ranking has dropped from Africa's...

LONDON, Nov 23 (NNN-SANEWS) — The United Kingdom and South Africa will join forces to drive economic growth and turbocharge infrastructure investment, UK Prime Minister Rishi Sunak said.He said this at the start of President Cyril Ramaphosa’s formal St...

The International Monetary Fund (IMF) has approved financing to cope with rising global food prices for Malawi, the first low-income country to receive the help. The number of Malawians facing food insecurity has doubled to 20% of the population due to...

The Executive Board of the International Monetary Fund (IMF) approved today a disbursement of US$88.327 million (SDR 69.40 million) to Malawi under the new Food Shock Window of the Rapid Credit Facility. [1]Concurrently, the Executive Board discussed a...

Sub-Saharan Africa is projected to grow by 3.6 percent in 2022 – more than one percentage point slower than 2021 mainly due to a worldwide slowdown, tighter financial conditions, and volatile commodity prices.Rising food and energy prices are striking ...

Be smart consumer on Black Friday and Festive Season - MEC MohaleWith black Friday and the festive season ahead, consumers become vulnerable and tend to spend monies on unbudgeted items or shop beyond their budget.As custodians of Economic Development ...