News
Uganda's Ranchers Finest Ltd, Ships First Consignment Of Processed Beef To Ethiopia
3+ hour, 31+ min ago (165+ words) Trendsnafrica Ugandan meat processor Ranchers Finest Ltd has shipped its first consignment of processed beef to Ethiopia. The shipment, dispatched from the company's processing facility in Kawempe on July 2, 2026, is destined for Diamond Hotel and Restaurant Group in Ethiopia. It…...
Mozambique Maintains Prime Interest Rate Unchanged
3+ hour, 12+ min ago (218+ words) Trendsnafrica The Mozambican Association of Banks (AMB) has maintained the prime interest rate unchanged. The Prime Rate'which results from the sum of a Single Index of 9. 30%, calculated by the Bank of Mozambique, and a Cost Premium of 6. 20%, defined by the…...
SA's Private Sector Returns To Marginal Growth
3+ hour, 20+ min ago (168+ words) The PMI's recovery in June was mainly helped by resilient hiring at South African companies, although output and order books fell at slower rates than in May," said David Owen, Principal Economist at'S&P Global Market Intelligence. South Africa's private…...
Ethiopia Forecasts 10. 1% Growth in 2026/27 as Budget Expands and Reform Momentum Continues
3+ week, 1+ day ago (245+ words) Ethiopia is projecting robust economic growth of 10. 1% for the 2026/27 fiscal year, reflecting continued government confidence in the country's economic direction despite a challenging global backdrop shaped by geopolitical tensions and evolving trade patterns. According to the Ministry of Finance, growth…...
Mozambique Tightens Control Over Critical Minerals with New Mining Law
1+ mon, 4+ hour ago (182+ words) Trendsnafrica Mozambique Tightens Control Over Critical Minerals with New Mining Law Mozambique has enacted a new mining law requiring a free 15% state stake in all mining projects and restricting exports of raw or semi-processed minerals unless linked to local processing…...
Africa's Untapped Wealth: The USD 469 bn Opportunity Within
1+ mon, 5+ day ago (347+ words) Trendsnafrica Africa's Untapped Wealth: The USD 469 bn Opportunity Within Africa could unlock an additional USD 469 billion annually'equivalent to 14. 4% of the continent's GDP'without relying on a single dollar of new foreign aid, according to the 2026 African Economic Outlook released by the…...
South Africa Leads Africa in Global Outsourcing Rankings, Nigeria and Kenya Follow
1+ mon, 5+ day ago (385+ words) Trendsnafrica South Africa Leads Africa in Global Outsourcing Rankings, Nigeria and Kenya Follow South Africa, Nigeria and Kenya have been ranked among Africa's leading business process outsourcing (BPO) destinations as multinational companies increasingly relocate customer service, AI training, and back-office…...
Morocco Becomes Africa's Most Industrialized Economy in 2024
1+ mon, 5+ day ago (158+ words) Trendsnafrica Morocco Becomes Africa's Most Industrialized Economy in 2024 Morocco has emerged as Africa's most industrialized country in 2024, overtaking South Africa for the first time, according to the Africa Industrialization Index 2025 published by the African Development Bank (Af DB), African Union…...
Foreign Currency Shortage Affects Companies in Mozambique
1+ mon, 1+ week ago (252+ words) Trendsnafrica Foreign Currency Shortage Affects Companies in Mozambique The study revealed worrying macroeconomic trends between 1990 and 2024, she said, highlighting a slowdown in economic growth, a sustained inflation rate of around 9% per year, and a gradual depreciation of the national currency....
Angola's FDI Falls 59% Since 2017 Despite Signs of Recovery
1+ mon, 2+ week ago (198+ words) Trendsnafrica Angola's FDI Falls 59% Since 2017 Despite Signs of Recovery Foreign direct investment (FDI) in Angola fell sharply from USD 29. 4 billion in 2017 to USD 12. 2 billion in 2025 " a 59% decline " according to a 2025 economic report by the Center for Economic Research (CINVESTEC) at…...