Malawi has been granted approximately US$40 million by The African Development Fund (ADF), part of the African Development Bank (AfDB), to cushion vulnerable groups from the negative impacts of recent economic reforms
Economy
Tax relief proposed to encourage South African MNC trade across continent
Experts have welcomed proposals on double taxation in the Taxation Laws Amendment Bill released by the South African National Treasury to aid the countrys multinational companies do business across the African continent
Zimbabwe Stock Exchange to introduce automated trading system
A new manual system is intended to reduce the risk of market manipulation. (Image source: Nick Benjaminsz)
Plans are underway to introduce an automated trading system to the Zimbabwe Stock Exchange (ZSE), after the manual operations have impacted on the growth of the exchange
Nigerian foreign reserves drop by US$220 million
Nigerian foreign reserves dropped to US$37.242 billion in the four days preceeding Friday, June 22, 2012, according to Central Bank of Nigeria (CBN)
Further declines set for Zambian currency
The kwacha is one of the weakest global currencies. (Image source: Simon Summers)
The weakened Zambian kwacha (ZMK) is set to worsen, according to foreign exchange analysts, as the outlook for the global economy remains bleak for 2012
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Genuine Volvo Parts are specifically developed, tested and approved to get the very best results from your Volvo machine. (Image source: Volvo CE)
The project carries an estimated total cost of US$12bn. (Image source: The Republic of Ghana Presidency)
The transaction will give TotalEnergies an interest in hydropower projects in Uganda, Rwanda and Malawi. (Image source: Adobe Stock)
Bobcat has included additional features to enhance the visibility around the machines. (Image source: Bobcat)
By localizing production, Stellantis is contributing to job creation, skill development, and technology transfer in Egypt. (Image source: Stellantis)
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The Ncwera project is expected to be completed within a year and is designed to align with key national policies, including the National Development Plan (NDP IV), Vision 2040, and Sustainable Development Plan 7. (Image source: Adobe Stock)
The opening of the Raxio DRC data centre in 2024 (PHOTO CREDIT: Raxio Group)
Condra works on second crane order (PHOTO CREDIT: Condra Cranes)
There is growing interest in blockchain and cryptocurrency in Africa. (PHOTO CREDIT: ADOBE STOCK)
Work is underway on the Guinea railway (Image credit: WCS)
