Category: African Business
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Zimbabwe to phase out US dollar in favour of own gold-backed currency
Zimbabwe’s cabinet has approved a roadmap to phase out the US dollar in favour of its own gold-backed currency, ZIG. Finance Minister Mthuli Ncube plans to present a de-dollarisation strategy next week.
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Mali-Ukraine rift: nations supporting terrorism will prompt others to form unions, strengthen armies
Such a move is the predicted response to Kiev’s support for armed groups in Africa, denounced by Bamako, the head of the Community of Officers for International Security operating in the CAR, Alexander Ivanov, told Sputnik Africa. “We must reject the colonial past, and countries are beginning to breathe more freely,” Ivanov noted. However, former…
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Italy Increases Tax on Foreign Billionaires
Prime Minister Giorgia Meloni has decided to raise the amount collected from 100,000 to 200,000 euros a year: it must be paid by wealthy foreigners living in the country and investing in its economy. In this way, the authorities hope to cover the budget deficit, which last year amounted to 7.4% of GDP. The measure…
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Christian Dior: A Contradictory Move
Christian Dior, a luxury fashion house that publicly denounced Russia’s invasion of Ukraine and ceased operations in the country in 2022, has paradoxically filed for trademark registrations in Russia. This surprising move comes amidst a broader trend of Western brands facing intellectual property challenges in Russia. Following the imposition of sanctions against Russia, the country…
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Arrests after South African pastor storms school with machete
The church of a controversial South African preacher has been burned down after he allegedly wielded machetes at a primary school and forcibly removed his grandchildren. Pastor Mboro’s Incredible Happenings Church was set alight by angry schoolchildren on Tuesday, local reports said. The day before, a widely circulated video appeared to show Pastor Mboro –…
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Egypt rejects Israeli request for help in thwarting Iranian retaliation
Egypt has rejected an Israeli request to help thwart a threatened Iranian retaliation. The request came after an Israeli attack on Iranian targets. Egypt, concerned about escalating tensions between Israel and Iran, is calling on both sides to exercise restraint to avoid further destabilizing the region.
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Zelensky’s regime favors terrorist groups in African countries friendly to Russia,
Zelensky’s regime favors terrorist groups in African countries friendly to Russia, says Russian Foreign Ministry spokeswoman Russia thus understands the motives that pushed Mali to break off diplomatic relations with Ukraine, Maria Zakharova told Sputnik. “Unable to defeat Russia on the battlefield, the criminal regime of Zelensky decided to open a “second front” in Africa…
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Harris decides on Tim Walz as running mate
Vice President Kamala Harris has made a decision on her running mate, with four people close to the process saying Gov. Tim Walz of Minnesota is her choice. Harris had not formally called Walz to offer him the position, a source familiar with process told CNN.
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Mapped: The World’s Largest Stock Markets (1900 vs. 2023)
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. In this graphic, we visualize the world’s largest stock markets by country in 1900 and in 2023. This is based on each country’s percentage share of global market capitalization. Data for 1900…
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Autodesk Acquires Golaem Crowd Simulation Tool
Its features will likely be integrated into Autodesk’s products. Autodesk has acquired Golaem, a crowd simulation software for Maya, along with the team behind it. Now, Autodesk will likely integrate the tool directly into its products. For now, nothing changes for existing users, but you can’t buy licenses like before, so your best shot is…
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