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Moody’s changes Ratings for Africa-Focused Glencore to Positive Outlook
April 26, 2018Moody’s Investors Service has changed Glencore’s rating to a ‘Baa2’ long-term issuer grading with a positive outlook.
It says Glencore’s improved credit rating was propelled by higher commodity prices and consistently low production costs.
“[Our"...
South African Designer Laduma Is Taking ZARA to Court For Copying His Sock Design
April 26, 2018The popular South African fashion brand Maxhosa By Laduma, owned by Laduma Ngxokolo, is taking legal action against retail giant ZARA over a sock design. People on Twitter and Instagram alerted Maxhosa that ZARA lifted their design a few days ago.
The South African brand wrote in a press release on their official website:
'Earlier"...
Will fashiontech make Africa more competitive in the global fashion sector?
April 26, 2018What are you wearing today? Odds are your clothes were not designed or made in Africa. According to the African Development Bank Group, sub-Saharan Africa represents just under one percent of global fashion exports. Could the fusion of tech and fashion –fashiontech — make Africa more competitive in the fashion industry? Mustapha Zaouini, who runs a Johannesburg-based tech startup studio, says the market for fashiontech solutions in Africa is as yet unquantified, but adds that it is growing. He points to the McKinsey Global Fashion Index which forecasts that industry sales are expected to nearly triple between 2016 and 2018, from 1.5% to between 3.5% to 4.5%. Last Monday (16 April) Zaouini’s studio......
Sub-Saharan Africa’s Spending in Public Healthcare Falls by 15%
April 26, 2018Sub-Saharan Africa’s public health expenditure as a percentage of gross domestic product (GDP) has fallen by more than 15% in just five years, the latest data on the subject has revealed.
According to the ‘Ibrahim Forum Report’, a 2018 analysis, Sub-Saharan Africa has the second smallest public health expenditure"...
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Africa’s First International Nurse Conference to Hold April 22, 2018
Determined to achieve the Sustainable Development Goal 3 (SDG) for the good health and wellbeing of Africans by 2030, Lead Nurse Africa International Foundation has partnered"...
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