Zambia accepts mining taxes in Chinese currency

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Zambia has started accepting China's yuan for mining taxes, becoming the first African nation to do so.

The Bank of Zambia is aligning its reserve management with the significant role of China as a major copper trade and debt partner.

Inflation drops sharply in September

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The annual inflation rate in September increased by zero- comma one percent compared to three-comma-four percent rcorded at the same time last year.

The Namibia Financial Instituations Supervisory Authority indicated the inflation now stands at three-comma-five percent.

Botswana's economy projected to grow 3.1% in 2026

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Botswana's economy is expected to grow by 3.1% next year, as a plodding recovery in diamond demand and other factors gathers pace to fuel a stunning economic rebound in the southern African country.

BoN keeps repo rate unchanged at 6.5%

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The Monetary Policy Committee (MPC) of the Bank of Namibia has decided to keep the repo rate unchanged at 6.5%. 

The Governor of the Bank of Namibia, Johannes !Gawaxab, announced this during the final Monetary Policy Announcement of the year.

President Nandi-Ndaitwah commissions three taskforces

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President Netumbo Nandi-Ndaitwah has commissioned three taskforces, namely on health, land and housing, and economic recovery.

She urged members to maintain unity of purpose and embrace fresh approaches to national challenges.

MIRT reaffirms support for local businesses as key to economic growth

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The Minister of International Relations and Trade (MIRT) has reiterated that businesses remain central to the country's economic emancipation and job creation; hence, her ministry is ready to support local businesses to reach their full potential.