Southern Africa

Trade Tensions in Southern Africa: Tanzania vs. Malawi & South Africa In a significant escalation of trade tensions within the East and Southern African regions, Tanzania has recently instituted reciprocal import restrictions on agricultural products originating from both Malawi and South Africa. This decisive action is a direct response to previous import limitations imposed on Tanzanian exports by these two neighboring nations. It’s intriguing how trade relationships, which should ideally foster cooperation and…

In a move that surprised many, Finance Minister Enoch Godongwana has officially abandoned plans for a 0.5% increase in Value Added Tax (VAT), a change that would have taken effect on May 1. The VAT rate will remain at 15%, offering a momentary sigh of relief for consumers and businesses alike. This decision did not occur in isolation; it stemmed from thorough discussions with various political factions and a meticulous evaluation of recommendations put forth by parliamentary committees. It appears the government is keenly…

African Aviation: A New Era of Connectivity Africa is embracing the skies like never before. Once characterized by a scarcity of direct routes and the burden of lengthy layovers, the aviation landscape across the continent is undergoing a captivating transformation. Have you ever imagined how the mere act of taking flight can reshape destinies? Well, this is precisely what is happening as the continent becomes more connected by air. With tourism on the rise and business connections…

1. Martti Ahtisaari: The Global Visionary Peacemaker for Africa Martti Ahtisaari, former president of Finland and Nobel Peace Prize laureate, stands as a beacon of hope in the realm of global conflict resolution. His dedication to fostering stability, particularly across Africa, is not only commendable but also transformative. Ahtisaari's mediation efforts have played a pivotal role in Namibia's independence and in the peace processes of various other African nations. What sets his approach apart is his unwavering respect…

In a significant move to strengthen the partnership cultivated through the Nigeria–South Africa Bi-National Commission, recently inaugurated by Presidents Bola Tinubu and Cyril Ramaphosa, the Ministers of Solid Minerals from both countries have taken a substantial step forward. They have signed a Memorandum of Understanding (MoU) that outlines fundamental areas of cooperation, complete with clear implementation timelines aimed at nurturing a more vibrant mining sector. During the bilateral meeting held in Abuja, Nigeria's…

Natural Gas: A Transitioning Energy Source for Africa Natural gas is rapidly solidifying its position as a crucial player in the global energy arena. As the world grapples with the urgency of sustainable energy, natural gas serves as an essential bridge—connecting traditional fossil fuels with cleaner renewable resources. But what does this mean for nations, particularly in Africa, where natural gas production might be lagging? In regions devoid of indigenous natural gas production, governments find themselves…

Ethiopia is soon to embark on a significant journey that underscores its emerging role in the global economic landscape. The country's anticipated accession to the BRICS New Development Bank (NDB) marks a pivotal moment in not just Ethiopia's economic strategy, but also in the broader narrative of African nations forging robust international partnerships. The NDB, a vital institution aiming to enhance financial sovereignty among its member countries, is clearly dedicated to expanding its influence across emerging markets,…

In an exciting development on the global diplomatic stage, President Cyril Ramaphosa is preparing to welcome President Volodymyr Zelenskyy of Ukraine this Thursday. This occasion will mark a historic first: the inaugural visit by a Ukrainian head of state to South Africa. It’s more than just a formality; it represents a significant moment for both nations as they seek to navigate the complexities of contemporary geopolitics. Vincent Magwenya, the presidential spokesperson, has articulated the essence of this visit well. He…

The Currency Landscape of Africa: A Key to Resilience Amidst Global Trade Turmoil While Africa may not occupy the frontlines in the current global trade conflicts, the economic repercussions are palpable across the continent. Indeed, in these challenging times, African nations find themselves navigating through turbulent waters, significantly influenced by international trade policies and market fluctuations. The importance of a robust and stable currency cannot be overstated. For African countries, a strong…

Understanding the FSCA Investigation Process In November 2024, the Financial Sector Conduct Authority (FSCA) initiated an investigation into Eklavya Asset Managers and its trading platform, SolisMarkets. This inquiry emerged amidst client concerns primarily related to difficulties with investment withdrawals. Initially, the FSCA indicated potential issues with SolisMarkets possibly operating without proper licensing. However, they soon clarified that the investigation was still in its early stages and no conclusions had…