BizTrends 2025: Key Trends Shaping Local SMEs and Entrepreneurs*
As we look ahead to 2025, small and medium-sized enterprises (SMEs) and entrepreneurs are set to face new opportunities and challenges. These trends are poised...
Category : BUSINESS
Zimbabwe Scraps VAT on LPG, Prices Drop by 10%
In a move aimed at reducing energy costs for households and businesses, Zimbabwe has announced the removal of Value Added Tax (VAT) on Liquefied Petroleum...
Egypt and Medlog Sign Landmark Dry Port Deal to Boost Trade and Logistics
In a significant move aimed at enhancing Egypt’s logistics sector, the country has signed a key agreement with Medlog, a leading global logistics operator, to...
Kenya Airways to Resume Direct Flights to Angola, Strengthening Regional Connectivity
Kenya Airways, the national carrier of Kenya, is set to resume direct flights to Angola, marking a significant milestone in its efforts to enhance regional...
Ethiopia Launches New Stock Market to Attract Global Investors
In a historic move, Ethiopia has officially launched its own stock market, marking a significant milestone in the country’s economic transformation. The launch of the...
JSW Steel’s $50 Billion Mozambique Coal Deal Frozen Amid Ongoing Legal Dispute
JSW Steel’s monumental $50 billion coal deal in Mozambique has come to a standstill, as the company faces an escalating legal dispute. This deal, one...
Durban Port Faces Ongoing Delays Amid Severe Equipment Shortage
Durban’s port, one of Africa’s busiest, continues to grapple with significant delays due to a persistent shortage of crucial equipment. The shortage has been a...
Barrick Gold Issues Ultimatum to Mali Government Over Contract Dispute
Barrick Gold, one of the world’s leading gold mining companies, has issued a stern ultimatum to the government of Mali following an escalating dispute over...
Oil Prices Slip Amid Waning Demand Optimism
Oil prices have experienced a decline as concerns over reduced global demand dampen optimism that has previously supported markets. The outlook for oil has shifted...
Tesla’s China Sales Reach Record High in 2024, Defying Global Decline
In 2024, Tesla has achieved a remarkable milestone, with its sales in China soaring to a record high. This growth comes amid a global slowdown...
2025 Holds Better Economic Prospects for South Africa: A New Era of Growth and Recovery
South Africa’s economy has faced numerous challenges in recent years, ranging from high unemployment and load shedding to sluggish growth and global uncertainties. However, as...
Egyptian Contractors Eye Iraq Reconstruction with Backing from First Abu Dhabi Bank
Egyptian construction companies are setting their sights on major opportunities in Iraq’s reconstruction efforts, with financial backing from First Abu Dhabi Bank (FAB), one of...
Zimbabwean Farmers Urged to Tap Into China’s Growing Fruit Import Market
Zimbabwe’s agriculture sector is being encouraged to explore new export opportunities, particularly in China’s expanding fruit import market. As China’s demand for fresh produce continues...
Zimbabwe’s Currency Crisis Deepens: Traditional Stores Struggle as Illegal Night Bazaars Thrive
Zimbabwe’s ongoing currency crisis is wreaking havoc on the country’s retail landscape, leaving traditional stores grappling with soaring prices and limited access to foreign currency....
European Commission Grants €1 Billion in Macro-Financial Assistance to Egypt
The European Commission has adopted a decision to disburse €1 billion in loans to Egypt following the fulfilment of the policy conditions agreed with the EU...
SMEs Risk Falling Behind Without Proper Tools to Handle Festive Season Rush
As the festive season approaches, small and medium enterprises (SMEs) face a critical period that could make or break their yearly performance. The holiday rush...
Elon Musk Announces Starlink Service Inactive in India After Second Device Seized by Authorities
Elon Musk’s satellite internet service, Starlink, has been rendered inactive in India following the seizure of a second Starlink device by local authorities. This latest...
Africa’s Tech Unicorns Face Growth Challenges in Global Markets
Africa’s tech ecosystem has witnessed a surge in innovation, with several startups achieving unicorn status valuation at or above $1 billion. Companies like Flutterwave, Jumia,...
Masdar-Backed Renewable Energy Firm Explores Abu Dhabi IPO Amid Growth in Clean Energy Investments
A renewable energy developer supported by Masdar, one of the world’s leading clean energy companies, is reportedly considering an initial public offering (IPO) on the...
IEA Forecasts Record-High Coal Demand Until 2027 Amid Global Energy Transition Challenges
The International Energy Agency (IEA) has released a report projecting that global coal demand will continue to hit record highs through 2027, driven by persistent...