Business - African Times

Putin Unveils Russia’s Africa Strategy

Russia’s exit from the Black Sea Initiative, intended to facilitate grain and fertilizer exports to impoverished nations, sparked widespread criticism. The programme’s execution and impact were flawed, with Africa – a region that stood to gain enormously — largely overlooked.

Russian President Vladimir Putin has unveiled his blueprint for Africa, vowing to help build infrastructure and energy projects, ensure food security and develop new trade routes to boost trade between his country and the continent. Addressing delegates to the second Russia-Africa Summit in St Petersburg on Thursday, Putin said Russia would provide six African countries… Continue reading Putin Unveils Russia’s Africa Strategy

African Leaders Urged to Speak With One Voice During Russia-Africa Summit

AFRICAN leaders have been urged to speak with one voice, pursue collective rather than individual interests, and work on obtaining concrete results during the Russia-Africa summit that begins in St Petersburg today. The second summit, which brings together heads of state and business leaders from Russia and Africa, follows the maiden gathering which took place… Continue reading African Leaders Urged to Speak With One Voice During Russia-Africa Summit

BRICS Experts Explore Nuclear Medicine Collaboration

More than 200 representatives from Brazil, Russia, India, China, and South Africa have descended on Russia’s capital city, Moscow, to explore ways to collaborate on the use of nuclear medicine. Their main goal is to fast-track healthcare within BRICS countries. According to a statement from the Russian State-owned company, Rosatom State Atomic Energy Corporation, the… Continue reading BRICS Experts Explore Nuclear Medicine Collaboration

Petrol Price Set To Drop This Week

(220303) -- PIKETBERG (South Africa), March 3, 2022 (Xinhua) -- A fuel pump meter at a fuel station indicates the price of 95 octane petrol in Piektberg, South Africa, on March 3, 2022. South African Minister of Mineral Resources and Energy Gwede Mantashe announced on Friday a rise in the fuel prices in his country, based on local and international factors, including the increase of the crude oil price, effective on March 2.(Xinhua/Lyu Tianran)

The price of petrol in South Africa could fall from Wednesday when fuel prices are officially adjusted, the national Automobile Association (AA) predicts. According to the organisation, which relies on the latest unaudited data from the Central Energy Fund, a litre of petrol will cost 17-25 rand less (about $0.01 to $0.013). AA reminds us… Continue reading Petrol Price Set To Drop This Week

EXCLUSIVE: Contractor Who Abandoned Projects Scores R134m North West Tender

A company which abandoned two projects in North-West and had its contracts terminated for poor workmanship has scored a R134 million tender from the same provincial Department of Roads and Public Works. African Times can today reveal that Ndhuna Civil Engineering Services left two incomplete road projects in Rustenburg and Brits in 2021, after pocketing… Continue reading EXCLUSIVE: Contractor Who Abandoned Projects Scores R134m North West Tender

Namibia Health Sector In Major Tech Transformation

GENERAL healthcare across Namibia is poised for a major improvement following the launch of a project by Fujifilm South Africa and medical distributor, Uni Medical Supplies. They have commissioned Fujifilm’s state-of-the-art Synapse Radiology Information System (RIS) and Picture Archiving and Communication System (PACS) platforms. This is the largest deployment of its kind in Namibia, with… Continue reading Namibia Health Sector In Major Tech Transformation

Load Shedding Slows Migration To Cashless Payments

Recently, the Market Cafe in Morningside, Durban sent an emotional notice announcing its closure, which took effect on May 21.

BUSINESS should plan for cash being a significant part of their payments mix for longer than anticipated as South Africa’s load-shedding crisis slows down migration towards cashless payments. This is according to an executive as Africa’s most diversified economy endures its worst power crisis in living memory. Jason Coussens, Currency Management Business Unit Manager at… Continue reading Load Shedding Slows Migration To Cashless Payments

Durban July Set To Inject Millions Into Ethekwini Economy

THE Durban July Experience is forecast to inject R130 million (US$7,2 million) to the economy of Ethekwini. The event will attract up to 48 000 attendees, amassing R65 million in direct spending and creating 1 500 jobs. eThekwini Mayor Mxolisi Kaunda disclosed the figures ahead of the event set for this weekend. The mayor reassured… Continue reading Durban July Set To Inject Millions Into Ethekwini Economy

Zimbabwe’s Maize Imports Forecast To Rise

ZIMBABWE’S maize imports in 2023/24 will likely reach the highest levels in seven years. Unlike in 2016, the country might not struggle to secure supplies from neighbouring South Africa and Zambia. A shortfall in Zimbabwe’s maize production is attributed to a dry spell that affected the crop in the southern and western areas of the… Continue reading Zimbabwe’s Maize Imports Forecast To Rise

More flight services to Cape Town

THE commencement or increase in flights to Cape Town by some regional and local airlines is poised to boost passenger statistics to the Western Cape Province. Proflight Zambia will commence its direct flight from the capital Lusaka, to the South African coastal Mother City on July 1, with two flights per week. Local operator, Airlink… Continue reading More flight services to Cape Town