Bauxite to biodiversity: Africa’s top business news

Stahlman

Story: Right here are five business tales building headlines in sub-Saharan Africa this week.

Aluminium large Rusal’s shipments of bauxite from its mines in Guinea have grind to a halt, shipping information confirmed on Wednesday (March 30).

Unlike many other Russian organizations, Rusal is not beneath sanctions – while its billionaire founder is.

But the export standstill illustrates how the war in Ukraine and backlash in opposition to Moscow have wreaked havoc on worldwide offer chains.

Ghana’s parliament permitted a new 1.5% tax on electronic payments on Tuesday (March 29).

Critics states the e-levy will selling price poorer folks and little small business homeowners out of the digital economic climate.

Kenya Airways says it a lot more than halved pretax losses final yr to close to $140m.

Like other airways across the globe, it was pummelled by the world-wide wellbeing crisis.

South Africa’s unemployment rate hit a new document significant of 35.3% in the fourth quarter of last yr.

Thagt’s according to the country’s stats company reported on Tuesday.

All-around 7,921,000 people today were being unemployed in the interval, up by close to 278,000 on the preceding 3 months.

And lastly, African nations have called for wealthier nations to provide up to $700bn a calendar year by 2030 and outside of to support safeguard biodiversity.

Negotiations on an bold global offer to halt or reverse nature loss closed in Switzerland on Tuesday – with countries agreeing to tiny much more than more talks in June.

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