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Independent power producer Globeleq has signed an agreement with China-based Sungrow to supply a Battery Energy Storage System (BESS) for its 153MW/612MWh Red Sands project in South Africa. Located in the Northern Cape, approximately 100km southeast of Upington, the project will be the largest standalone battery storage system in Africa.

Globeleq Partners with Sungrow for Africa’s Largest Battery Energy Storage Project

(3 Minutes Read) Independent power producer Globeleq has signed an agreement with China-based Sungrow to supply a Battery Energy Storage System (BESS) for its 153MW/612MWh...
Malawi Unveils Sweeping Reforms to Stabilise Sugar Industry and Empower Local Distributors

Malawi Unveils Sweeping Reforms to Stabilise Sugar Industry and Empower Local Distributors

(3 Minutes Read) In a decisive move to combat recurring sugar shortages and price instability, the Malawian government has unveiled an ambitious reform plan aimed...

SA’s Stock Market Outperforms Peers in Emerging Economies

(3 Minutes Read) The FTSE/JSE Africa All Share Index is up more than 7% in dollar terms in May, on track for its biggest monthly...
The South African Reserve Bank (SARB) has lowered its benchmark repo rate by 25 basis points to 7.25%, effective Friday, in response to weakening economic growth and subdued inflation. The move, announced by Governor Lesetja Kganyago in a virtual press briefing on Thursday, followed a majority vote by the Monetary Policy Committee (MPC), with five members supporting the cut and one advocating for a more aggressive 50 basis point reduction.

South African Reserve Bank Cuts Repo Rate Amid Slowing Growth and Easing Inflation

(3 Minutes Read) The South African Reserve Bank (SARB) has lowered its benchmark repo rate by 25 basis points to 7.25%, effective Friday, in response to weakening...
The United States has updated its Level 2 travel advisory for South Africa, maintaining its “exercise increased caution” rating but adding new warnings about terrorism risks and stricter rules for U.S. personnel.

U.S. Updates South Africa Travel Advisory Amid Rising Tensions

(3 Minutes Read) The United States has updated its Level 2 travel advisory for South Africa, maintaining its “exercise increased caution” rating but adding new...
The Namibian Ministry of Agriculture, Water and Land Reform has announced a partial easing of its previous ban on the import and in-transit movement of live poultry, poultry meat, and poultry products originating from Brazil. This revision comes after a comprehensive risk assessment report submitted by Brazil’s veterinary authority was thoroughly reviewed and evaluated by Namibia’s Directorate of Veterinary Services (DVS).

Namibia: Partial Lifting of Poultry Import Ban from Brazil – Restrictions Now Limited to...

(3 Minutes Read) The Namibian Ministry of Agriculture, Water and Land Reform has announced a partial easing of its previous ban on the import and...
Namibia’s Visa on Arrival System Generates Over N$100 mn, Welcomes 70,000+ Tourists

Namibia’s Visa on Arrival System Generates Over N$100 mn, Welcomes 70,000+ Tourists

(3 Minutes Read) The Ministry of Home Affairs, Immigration, Safety, and Security has announced that Namibia’s Visa on Arrival (VoA) program has been a major...
South Africa to Buy LNG from the US

South Africa to Buy LNG from the US

(3 Minutes Read) SA will import 75 - 100 PJ (petajoules) per annum for 10 years of LNG gas from the US, which will unlock...
Zimbabwe's seed industry is teetering on the edge of collapse as the government grapples with ballooning debt, having failed to pay seed suppliers nearly USD 270 million over the past three farming seasons.

Zimbabwe’s Seed Industry in Turmoil   

(3 Minutes Read)    From the most recent season alone, Seed Co is reportedly owed around USD 13.31 million. The government's continued failure to settle its...
Banks have pledged about USD 500 million annually to the sector, yet less than half of this amount has been accessed by farmers. A major limiting factor remains the lack of formal title deeds, which restricts farmers' ability to use land as collateral for financing.

Zimbabwe Banks Channel USD 200m into the Agricultural Sector

(3 Minutes Read) Banks have pledged about USD 500 million annually to the sector, yet less than half of this amount has been accessed by...

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