The International Monetary Fund (IMF) announced on Monday that it will provide a 40-month loan of $1.046 billion to Tanzania, mainly to help the country cope with the consequences of the war in Ukraine.
Swedish fashion retailer H&M said Monday it has decided to cease operations in Russia after suspending all sales there in March following Moscow's invasion of Ukraine.
Former McDonald's restaurants in Russia are reportedly facing a shortage of French fries due to a poor harvest and Western sanctions against Ukraine, a business daily reported on Friday.
Johannesburg mayor Mpho Phalatse has said the city will prioritize building an efficient transport system to attract investors which she believes will boost the city's local economy.
Energy utility, Zimbabwe Electricity Supply Authority (ZESA), has been allowed to invoice exporters in foreign currency, which should lead the parastatal to settle its obligations in foreign currency.
African Development Bank (AfDB) President Akinwumi Adesina said on Tuesday he is optimistic that Zimbabwe will settle its arrears as talks to develop a comprehensive debt relief plan for the country began.
The rand broke through the psychological level of R17 against the US dollar on Monday for the first time in 22 months amid fears of a global recession.
Prophet Shepherd Bushiri said on Monday that the visit by Nico Group at Goshen City is a clear indication that it is attracting great business brains and bringing together innovative and disruptive ideas.
Twitter Inc saw its shares plummet on Monday after Tesla CEO Elon Musk scrapped a $44 billion deal to buy the social media giant.
Ghanaian President Nana Akufo-Addo has defended the decision to seek assistance from the IMF, saying there is a need to restore public finances after the twin shocks of the pandemic and the war in Ukraine.
