News Agencies Feed

    Moody’s changes Ratings for Africa-Focused Glencore to Positive Outlook

    Moody’s changes Ratings for Africa-Focused Glencore to Positive Outlook

    April 26, 2018

    Moody’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"...

    Continue Reading

    South African Designer Laduma Is Taking ZARA to Court For Copying His Sock Design

    South African Designer Laduma Is Taking ZARA to Court For Copying His Sock Design

    April 26, 2018

    The 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"...

    Continue Reading

    Will fashiontech make Africa more competitive in the global fashion sector?

    Will fashiontech make Africa more competitive in the global fashion sector?

    April 26, 2018

    What 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......

    Continue Reading

    Sub-Saharan Africa’s Spending in Public Healthcare Falls by 15%

    Sub-Saharan Africa’s Spending in Public Healthcare Falls by 15%

    April 26, 2018

    Sub-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"...

    Continue Reading

    Top News

    

    Forex News Headline

    

    Forex Market Video