Business

Namibian bank first to issue green bond in Southern Africa

Windhoek – Namibia’s Bank Windhoek has announced its issuance of the first green bond in the Southern African market as it seeks to fund clean development projects and assets. The bank, which is a wholly owned Namibian commercial bank and the country’s second largest lender, became the first commercial lender in southern Africa to launch such a bond on 5 December 2018. ...Read More

AU pushing to improve struggling intra-African trade

The African Union (AU) is pulling out all stops to improve the import and export industry within African countries. ...Read More

Moza discovers 30,000 'ghost' workers

The government of Mozambique has discovered thousands of fictitious workers on the government payroll, costing the state at least US$250 million. The news is the latest in a series of financial scandals in the country. ...Read More

Walvis Bay, Ndola, Lubumbashi corridor gaining traction

Swakopmund – Cross-border cargo volumes from the Port of Walvis Bay in Namibia along the Zimbabwe, Zambia and the Democratic Republic of Congo (DRC) route are growing at a fast pace with cargo volumes increasing by 20% to 590,000 tonnes in October 2018. ...Read More

Sino-US trade wars could kill African economies

Lusaka The trade and psychological war rocking Western countries and China, which is intended to impose barriers on trade, will negatively affect African countries and stifle economic growth, said former Zambian President Rupiah Banda. ...Read More

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