South African power utility Eskom has reported a record loss of R55 billion for the financial year ending March 2023, largely due to issues with its coal-fired power plants and debt. Despite this, Eskom remains optimistic about the future, forecasting a profit for 2025. The ongoing restructuring into three separate units marks a major turning point in the company’s quest for efficiency. Despite ongoing challenges, Eskom has recorded an increase in revenue, while its recent stability in electricity supply is an encouraging sign for the South African economy. Eskom is positioning itself to play a key role in the country’s economic recovery, offering hope for South Africa’s electricity sector.
Category: Economy
The new “Trading Transparency+” program launched by CFI Financial Group aims to bring greater transparency and clarity to the world of online trading. By providing educational and informational resources, such as webinars and articles, the program helps remove the complexities of trading. With a focus on realistic education, interactive self-assessment tools and collaborative partnerships, “Trading Transparency+” aims to empower individuals to make informed decisions about their participation in trading. CFI reaffirms its commitment to clarity, education and integrity to guide aspiring traders towards financial responsibility.
The Mbandaka market, located in the heart of the Congolese city, is a lively place where the art of price negotiation is practiced. Sellers and buyers engage in a subtle game of bargaining, using non-verbal and linguistic communication to reach a mutually satisfactory agreement. Beyond the playful aspect, price negotiation is a vital economic issue for market players, reflecting the fragile balances of the local economy. Each transaction thus becomes the occasion for a profound exchange, testifying to the richness of human relations and the cultural identity of Congolese society.
At the 11th Summit of the D-8 Economic Cooperation Organization, President Abdel Fattah al-Sisi highlighted the economic challenges facing developing countries, such as lack of financing and escalating debt. To address these, enhanced cooperation and joint initiatives are needed, particularly in the areas of information technology, agriculture, and renewable energy. Egypt has launched several initiatives to strengthen cooperation among member states, encourage trade and investment, and promote sustainable development. It is crucial to work together to overcome these challenges and move towards equitable development for all.
A shocking act of violence has struck the city of Beni, Democratic Republic of Congo, leaving a community in shock. Unidentified individuals started an arson attack after a robbery, killing a shopkeeper and destroying several shops. The situation has sparked outrage and sadness, calling for immediate action by authorities to ensure the safety of residents and businesses. This tragic event highlights the fragility of peace and security in many parts of the world, calling for solidarity and collective action to combat violence and injustice.
During the parliamentary recess, the Deputy Rapporteur of the National Assembly, Dominique Munongo, encourages Congolese MPs to spend time in their constituencies to better understand the needs of their constituents. By getting closer to the populations, parliamentarians strengthen their legitimacy and contribute to effective democratic governance. This approach marks a turning point in the way MPs approach their mandate, promoting transparency, responsibility and accountability. This close bond between elected officials and citizens is essential to establish an authentic and inclusive democracy.
The article highlights the conduct of the national and provincial legislative elections in Masi-Manimba and Yakoma in the Democratic Republic of Congo, with a focus on the observation of the MOE Regard Citoyen. Despite some tensions, a peaceful atmosphere prevailed, characterized by respect and tolerance. The article also highlights the inclusion of women in polling stations, while noting violations of the right to vote. These elections mark a crucial step for democracy and representativeness in these regions, after polls were annulled due to irregularities. The impartial supervision of the MOE is essential to ensure legitimate elections and strengthen the country’s democratic institutions.
Abstract: The article analyzes the 21 carat gold price in Egypt for the year 2022, highlighting market fluctuations and investment prospects from expert Nageeb Najieb. Despite a decline in gold prices due to low demand, many experts remain optimistic about a future recovery, highlighting investment opportunities in this sector. This turbulent period offers interesting prospects for savvy investors, while highlighting the importance of a cautious and informed approach in the gold market.
The Congo Kinshasa International Fair (FICKIN) returns under a new name with the aim of promoting the diversification of the national economy. From December 21, 2024 to January 20, 2025, this major event will offer a platform for exchange between local and foreign companies. Under the theme of promoting trade, FICKIN aims to project Congolese productions at the international level. The inauguration will be marked by a concert by the artist Ferre Gola and will offer entertainment areas for families. A symbol of a dynamic and open economy, the Fair embodies the vision of a prosperous and ambitious nation.
In 2025, President Bola Tinubu introduced an ambitious Appropriation Bill to peg the exchange rate at N1,500 to the US dollar. This measure is aimed at ensuring effective implementation of the budget for the coming year. Other objectives, such as reducing inflation and increasing crude oil production, were also announced. Strategies were outlined to achieve these objectives, including improving security to boost agricultural productivity and a focus on the oil sector. This Economic Bill for 2025 demonstrates an ambitious vision of the government to promote economic growth and price stability.