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The Southern African Times is a regional bloc digital newspaper that provides African insights.

15/11/2024

South Africa has formally declared a national disaster following the catastrophic effects of recent floods and severe storms, which have left more than ten people dead and caused extensive damage across seven of the nation’s nine provinces. The National Disaster Management Centre, led by Elias Sithole, issued the disaster declaration in response to a comprehensive assessment of the widespread impact of this severe weather event.

Full story: https://southernafricantimes.com/south-africa-declares-national-disaster-as-floods-and-storms-devastate-seven-provinces/

15/11/2024

In a bid to diversify its service offerings and pe*****te Cameroon’s mobile money market, state-owned telecommunications operator Cameroon Telecommunications (Camtel) has announced plans to launch its mobile financial services platform, Blue Money, in 2025. This development is expected to add competition to a sector currently dominated by industry giants MTN and Orange, who have long held a significant foothold in Cameroon’s mobile money landscape.

Full Story: https://southernafricantimes.com/camtel-prepares-for-entry-into-cameroons-competitive-mobile-financial-services-market/

13/11/2024

The Dangote Oil Refinery, an ambitious project established by Nigerian business magnate Aliko Dangote, has reportedly achieved the capacity to produce winter diesel suitable for the European market, according to statements from company executive Edwin Devakumar. This development marks a significant milestone for the 650,000-barrel-per-day refinery, located on the outskirts of Lagos, which began operations in January and has rapidly scaled up its production capabilities.

Full story: https://southernafricantimes.com/dangote-oil-refinery-begins-production-of-winter-diesel-signalling-potential-disruption-to-global-refining-market/

13/11/2024

The premium on African sovereign debt over US Treasuries has recently eased to a five-year low, a movement that suggests cautious optimism among investors toward African high-yield bonds despite persistent global uncertainties. This drop, which saw the spread narrow to 442 basis points over US Treasuries, as tracked by JPMorgan Chase & Co., is attributed predominantly to nation-specific debt restructuring and supportive financial arrangements that have insulated several African economies from heightened external volatility.

Full story: https://southernafricantimes.com/african-debt-premium-declines-as-investor-sentiment-remains-cautious/

13/11/2024

In a noteworthy turn for South Africa’s economy, the unemployment rate has decreased for the first time in a year, reflecting positive job growth in the community and social services and construction sectors. This development comes amidst signs of improved business confidence and gradual economic recovery, as South Africa’s new coalition government prioritises economic growth and job creation. According to Statistics South Africa, the jobless rate fell to 32.1% for the three months ending in September, down from 33.5% in the prior quarter. This decline surpassed the median forecast of economists surveyed by Bloomberg, who had anticipated a reduction to 32.8%.

Full story: https://southernafricantimes.com/south-africas-unemployment-rate-declines-as-economic-conditions-improve/

12/11/2024

Cocoa farmers in Ivory Coast anticipate a robust harvest through at least late December, supported by favourable weather conditions that include a combination of light rains and sunny spells. These conditions have helped strengthen the October-to-March main crop, which plays a significant role in the global cocoa supply, as Ivory Coast remains the world’s largest cocoa producer.

Full story: https://southernafricantimes.com/cocoa-farmers-in-ivory-coast-forecast-strong-harvest-through-december/

12/11/2024

As Namibia’s election approaches, internal discord within the opposition coalition raises pivotal questions about the opposition’s capacity to present a united and credible alternative to the ruling government. Tensions within the opposition have been amplified recently, following an incident where supporters of the Popular Democratic Movement (PDM) expressed open frustration toward the Independent Patriots for Change (IPC), marking a significant shift in the political landscape of Namibia.

Full story: https://southernafricantimes.com/opposition-fractures-emerge-in-namibia-as-election-day-draws-near/

12/11/2024

Botswana’s President named Vice President Ndaba Gaolathe as the new Finance Minister. This strategic move signals the administration’s focus on addressing Botswana’s fiscal challenges and driving sustainable economic growth in the Southern African nation.

Gaolathe’s appointment comes at a time when Botswana is grappling with several economic pressures, including the need to diversify beyond its historical reliance on diamond mining. The country has recently committed to economic reforms aimed at stabilising its fiscal position and bolstering non-mineral revenue streams, particularly in sectors like tourism and renewable energy. Gaolathe is known for his experience in economics and finance, both locally and internationally, which many hope will be instrumental in the government’s efforts to enhance economic stability and growth.

Full story: https://southernafricantimes.com/botswana-president-appoints-ndaba-gaolathe-as-finance-minister/

11/11/2024

In response to a concerning rise in food poisoning cases among school children, the Gauteng Department of Education in South Africa has enacted a province-wide ban on all food sales within school premises. This measure, which took effect immediately, aims to address recent cases linked to unsanitary food handling and vending practices affecting hundreds of students, with numerous children hospitalised and several fatalities reported.

Full story: https://southernafricantimes.com/gauteng-province-suspends-school-food-sales/

11/11/2024

As Donald Trump looks poised to reclaim the White House, world leaders are bracing for potential shifts in U.S. foreign policy. For Africa, a region of strategic importance due to its resources and its role in the U.S.-China rivalry, the question is whether the continent will secure a meaningful place on Trump’s agenda. With an expected pivot towards a more transactional foreign policy, African leaders may face new challenges in balancing diplomatic relations, trade, and aid considerations under a Trump administration.

Full story: https://southernafricantimes.com/trumps-return-and-africas-place-in-a-changing-u-s-foreign-policy/

09/11/2024

Dwin, The Stoic, a powerful figure in Nigeria’s music landscape, returns with his new album, Master of Ballads, solidifying his place in the industry. In a world where many artists come and go, Dwin’s persistence and energy stand out, resonating with audiences worldwide.

Known for his evocative storytelling and multi-genre compositions, Dwin is a versatile singer, songwriter, composer, and founder of St. Claire Records. With millions of streams across platforms, his work has been featured in high-profile productions, including Netflix’s Far From Home and Disney+’s Madu.

Full story: https://southernafricantimes.com/dwin-the-stoic-returns-with-highly-anticipated-album-master-of-ballads/

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08/11/2024

Zambia’s national electricity provider, Zesco Limited, has officially announced an extension of daily power supply from three to seven hours, marking a modest but significant improvement for the nation’s electricity-starved consumers. This adjustment, which follows a recent increase in tariffs authorised by Zambia’s Energy Regulation Board (ERB), is aimed at stabilising service delivery and enhancing operational reliability amidst a backdrop of chronic energy shortages.

Full story: https://southernafricantimes.com/zambia-increases-daily-power-supply-to-seven-hours-following-tariff-hikes/

08/11/2024

Rwanda has contributed 19 tonnes of humanitarian aid to Gaza, underscoring the expanding global relief efforts as the territory faces an acute humanitarian crisis. The shipment, which includes food supplies, fortified nourishment for children, medical provisions, and essential consumables, arrived in Gaza on Thursday. This support, provided under the auspices of Rwanda’s government, reflects Kigali’s solidarity with the international push to alleviate the urgent needs of Gazans amidst an increasingly volatile situation.

Full Story: https://southernafricantimes.com/rwanda-sends-aid-to-gaza-amid-deepening-humanitarian-crisis/

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07/11/2024

South Africa’s Minister of Electricity and Energy, Kgosientsho Ramokgopa, encouraged African nations to capitalise on their renewable energy potential to foster sustainable economic development and reduce dependency on fossil fuels. Held in Cape Town under the theme “Invest in African Energies: Energy Growth through an Enabling Environment,” the event has drawn attention to Africa’s strategic position in the global energy transition.

Full story: https://southernafricantimes.com/south-africa-urges-africa-to-leverage-renewable-energy-for-sustainable-growth/

07/11/2024

Ethiopian Airlines, Africa’s largest carrier, has become the continent’s first airline to receive the Airbus A350-1000, a development that not only expands its fleet but also demonstrates its ambitions to cement a leadership role in African and global aviation.

The new aircraft, designated “Ethiopia: Land of Origins,” landed at Bole International Airport in Addis Ababa on Tuesday, greeted by senior airline executives and Airbus representatives. The A350-1000, the largest model in the A350 series, is set to bolster Ethiopian Airlines’ capacity to serve long-haul destinations across its global network, which spans five continents.

Full Story: https://southernafricantimes.com/ethiopian-airlines-welcomes-africas-first-airbus-a350-1000/

07/11/2024

Zimbabwe will convene an extraordinary summit of regional heads of state later this month in Harare. The summit, which is scheduled to run from 16 to 20 November, will centre on pressing regional issues, specifically recent political developments and electoral outcomes within the bloc. According to Zimbabwe’s Minister of Information, Publicity, and Broadcasting Services, Jenfan Muswere, preparations for the summit are already well underway, with Harare poised to welcome dignitaries and leaders from the bloc’s 16 member states.

Full story: https://southernafricantimes.com/zimbabwe-to-convene-extraordinary-sadc-summit-in-harare/

06/11/2024

In an early-morning address on Wednesday, former President Donald Trump declared victory in the 2024 presidential election as he closed in on the 270 electoral votes required to win. Speaking to a crowd of supporters at the West Palm Beach Convention Center in Florida, Trump was flanked by family members and top campaign aides as he celebrated what he called a “historic political comeback” and an “extraordinary honor” to serve once again. His projected victory, he asserted, would give him a unique dual status as both the 45th and, potentially, the 47th president of the United States.

Full story: https://southernafricantimes.com/donald-trump-declares-victory-amid-projections-of-electoral-lead/

05/11/2024

On November 5, Americans head to the polls for the 2024 presidential election, with voters nationwide choosing between Democratic candidate Kamala Harris and Republican candidate Donald Trump. Both candidates have been locked in a close race, with polling data suggesting a nail-biting finish that could lead to a prolonged vote-counting process and potentially delayed results.

Full story: https://southernafricantimes.com/high-stakes-us-election-day-brings-tight-contest-and-anticipated-delays/

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Roughly two-thirds of Africa is categorised as arid or semi-arid, despite the continent possessing close to 9% of global freshwater resources. This paradox inspired CEO and Founder Lovemore Kamupini and his team at Chilmund Chemicals to devise a local solution, resulting in the establishment of Zimbabwe's largest supplier of water treatment chemicals. Their innovative water treatment plant addresses the critical need for sustainable water management in the region. We sat down with the visionary behind this initiative; watch the full interview below. To watch the full interview following the link below: https://youtu.be/R8kNpbIsIQg?si=SGkHmq6nVx #NewsUpdate #LatestNews #DailyNews #TopStories #LocalNews #CityNews #WorldNews #InternationalNews #GlobalNews #Politics #PoliticalNews #Government #Elections #BusinessNews #Economy #MarketUpdate #FinanceNews #TechNews #TechUpdate #Innovation #EntertainmentNews #MovieNews #MusicNews #SportsNews #SportsUpdate #LiveScores #GameDay @followers

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