Economy
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Economy
Zimbabwe expects IMF programme in second half of year: Minister
Date:Apr 19, 2024
Zimbabwe is expecting to sign on to a new staff-monitored programme with the International Monetary Fund (IMF) in the second half of 2024, Finance Minister Mthuli Ncube said at a press conference this Friday.
Zando launches international unit to counter Shein, Temu in SA
Date:Apr 19, 2024
South African online fashion retailer Zando launched an international e-commerce division called Zando Global in the hopes of taking on fast-fashion Chinese e-commerce retailers Shein and Temu at home.
Hyundai pauses ads on X over brand safety issues
Date:Apr 19, 2024
South Korea's Hyundai says it has paused advertising on X, formerly known as Twitter, and is speaking to the Elon Musk-owned social media platform directly about brand safety issues.
UAE giant eyes majority stake in Vedanta's Zambian mines in expansion drive
Date:Apr 19, 2024
The mining investment arm of Abu Dhabi's most valuable company has offered to buy a majority stake in Vedanta Resources' Zambian copper assets, two sources familiar with the matter told Reuters, in its drive to build an African copper mining empire.
Netflix to stop reporting subscriber tally as streaming wars cool
Date:Apr 19, 2024
Netflix has unexpectedly announced that it will stop reporting subscriber numbers each quarter, a decision seen as a sign that years of customer gains in the streaming wars are coming to an end.
Sub-Saharan Africa incomes falling further behind rest of world: IMF
Date:Apr 19, 2024
Incomes in Sub-Saharan Africa are falling further behind the rest of the world amid a "tepid" economic recovery, the International Monetary Fund (IMF) said on Friday, warning of risks from geopolitics, domestic instability and climate change.
IMF revises down Mideast growth outlook on war, trade disruptions
Date:Apr 19, 2024
The IMF says Middle East economies would grow at a slower pace this year than it previously projected as the war in Gaza, attacks on Red Sea shipping, and lower oil output add to the existing challenges of high debt and borrowing costs.
SA's largest hybrid solar project launches amid grid constraints
Date:Apr 19, 2024
South Africa's Electricity Minister, Dr Kgosientsho Ramokgopa, has highlighted the challenges faced by the national grid that is slowing the deployment of renewable energy initiatives.
Apple pulls WhatsApp, Threads from China app store after Beijing order
Date:Apr 19, 2024
Apple says it has removed Meta Platforms, WhatsApp and Threads, from its App Store in China after being ordered to do so by the Chinese government, which cited national security concerns.
Nestle undertakes efforts to minimize sugar content throughout its product range
Date:Apr 19, 2024
Food company, Nestle, says it has undertaken significant efforts to minimize sugar content throughout its product range,including the phased removal of added sugars such as sucrose and glucose syrup from their milk for children above 12 months world.
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