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World Economic Forum; South Africa To Establish Industrial Revolution Centre

World Economic Forum; South Africa To Establish Industrial Revolution Centre

South Africa and the World Economic Forum (WEF) have signed a host government accord to establish an affiliate centre of the WEF’s Fourth Industrial Revolution Centre (C4IR). South Africa will be joining China, India and Japan, who already have the affiliate centre. The C4IR, which is intended to be launched in September in SA, acts […]

Dubai 2019 Annual Investment Meeting: South Africa Receives Promotion Award

  South Africa’s investment facilitation efforts have borne fruit, with the country taking home the Investment Promotion Award “South Africa’s investment mobilisation drive is gaining traction and the latest data from South African Reserve Bank and the United Nations Conference on Trade and Development (UNCTAD) indicates a major increase in Foreign Direct Investments from previous […]

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Nigeria: FCTA Proposes Over 30 Billion Naira Budget For National Projects

By Peter Usman: The Federal Capital Administration, FCTA has presented a National Priority Budget of N30, 704,674.051 to the Senate Committee on the FCT. The presentation was made by the FCT Minister, Malam Muhammad Musa Bello when he led a delegation of senior FCTA officials to the National Assembly complex. According to the Minister, the […]

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South Africa’s Net Foreign Reserves Rise To $43.7bn

  South Africa’s net foreign reserves inched up to $43.659 billion in February from $43.589 billion in January, the Reserve Bank said on Thursday.   The central bank data showed that gross reserves also edged higher, rising to $50.836 billion from $50.832 billion previously.   The forward position, which represents the central bank’s unsettled or […]

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2019 A Watershed Year For Labour Market In Africa – ILO

Despite the ongoing reorganisation, the International Labour Organization (ILO) remains key to fast-tracking the implementation of sustainable decent work deficits in the continent. According to the ILO, World Employment and Social Outlook: Trends 2019 report – the many African economies are gaining momentum with annual economic growth on the continent projected to accelerate to 3.9% […]

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Renewable Energy Programme Attracts R209.4 Billion To South African Economy

  By Joseph Edegbo The Renewable Energy Independent Power Producer Procurement Programme (REIPPP) is making a significant impact on the economy, job creation, community upliftment, economic transformation and climate change. The REIPPP is a competitive tender process that has been designed to facilitate private sector investment into grid-connected renewable energy generation. In a short, 8-year […]

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China Central Bank Announces Bill Swaps To Support Bank Perpetual Issuance

  China’s central bank said it would implement a one-year central bank bill swaps worth 1.5 billion yuan ($222.02 million) on Wednesday to improve the liquidity of banks’ perpetual bonds, and support issuance of the bonds to replenish capital. The People’s Bank of China (PBOC) made the announcement in a statement on its website on […]

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91 Million Nigerians Now Living In Extreme Poverty – Report

    Over 91 million Nigerians are said to be living in extreme poverty. According to the report of World Poverty Clock, a Vienna, Austria- based data lab. The report said at least 3 million Nigerians have slipped into extreme poverty between November 2018 and February 2019. According to the report 91.16 million Nigerians were […]

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