Economy

Nissan to test African demand for its e-Power hybrid vehicle

Japanese carmaker Nissan Motor, opens new tab plans to introduce its e-power hybrid technology car in Tunisia, its Africa head said on Tuesday, as part of plans to test demand in the African market for electric vehicles.

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BRICS development bank aims to make $5bn in loans in 2024

The New Development Bank (NDB), set up by the BRICS group of emerging economies, aims to make about $5 billion in loans this year, its vice president, Zhou Qiangwu, said this Tuesday.

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Central Bank of Nigeria set to raise its benchmark rate

The Central Bank of Nigeria is set to raise its benchmark interest rate to 24.75% on Tuesday and keep it there for the rest of the year, a Reuters poll forecast, a move analysts reckon will be enough to slow inflation and bring dollar inflows.

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Rand little changed ahead of employment data

South Africa's (SA) Rand was little changed against the Dollar early on Tuesday ahead of fourth-quarter local employment figures.

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BRICS Development Bank aims to make $5 bn in loans in 2024

The New Development Bank (NDB), set up by the BRICS group of emerging economies, aims to make about $5 billion in loans this year, its vice president, Zhou Qiangwu, said on Tuesday.

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African Credit Rating Regulators convene in Zambia

African regulators of Credit Rating are gathered in Lusaka, Zambia's capital looking at the continent's credit rating sector.

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SARS under fire for disclosing former President’s tax records

The Information Regulator South Africa (IRSA) says it has received a complaint against the South African Revenue Service (SARS) in relation to the disclosure of South African former president Jacob Zuma’s tax records.

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Promote, support locally produced goods: SA Minister

South Africa’s Trade Industry and Competition Minister, Ebrahim Patel, has called for concerted efforts between government, locals and the private sector to promote and support locally produced goods.

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SA Special Tribunal orders SAP to pay $26m for shady contracts

South Africa's Special Tribunal has mandated SAP, a leading German software company, to return $26 million to the State.

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Sudan war causes stoppages on South Sudan oil pipeline

The main pipeline carrying oil from South Sudan through Sudan for export has been suffering stoppages since last month due to problems linked to the war between Sudan's army and the Rapid Support Forces, according to three Sudanese officials.

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