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Business

Govt embarks on policy reforms to attract FDI in agriculture

(CU)_The economy of Malawi is heavily dependent on the agricultural, with nearly 80 per cent of the country’s population employed in the industry. Over the recent years, the sector has been reporting a significant slowdown, particularly on account of external shocks such as climate change, and the situation has been further intensified by the COVID-19 pandemic, with a significant portion of the population not expected to be vaccinated until at least mid-2022. These circumstances are having a heavy impact on the economy, with growth declining to 1 per cent in 2020, in comparison to previous projections of 4.8 per cent....

Abuja seeking strategic investment to aid recovery

LAGOS (CU)_As many countries across the globe begin to revive their economic activities following a sharp downturn over the past year, the federal government of Nigeria is seeking strategic investment, and is hoping to collaborate with the private sector to expedite recovery from the effects of the global health crisis. Participating in a Conference organised by the CI Africa and Middle East Senate Association, under the theme of building emerging...

Lloyds Bank joins the mission to lure in new customers with a…

LONDON (CU)_Since the beginning of the pandemic in March 2020, many people have been reluctant to change their bank account provider owing to the uncertainty associated with the financial sector amid the global health crisis. However, now as things begin to return to normal, several banks and other financial service providers across the United Kingdom have set out to on a mission to lure in new customers with a...

Revised bid could lead to biggest ever cash takeover in Australia’s history

SYDNEY (CU)_Since the beginning of the pandemic in March 2020, the aviation sector of Australia has been severely affected, with border closures and the frequent clamp down on domestic travel seeing revenue and earnings tumbling at record levels. The situation appears to be particularly grim in the state of New South Wales, which has been reporting a sharp escalation in COVID-19 infections over the recent weeks, which triggered tough...

Finance Minister’s recommendation to ensure govt schemes reach the needy

THOOTHUKUDI, Tamil Nadu (CU)_Since the COVID-19 pandemic began to ravage the lives and livelihoods of millions of people in the beginning of last year, almost every industry across economies have undergone a digital transformation. This has been particularly widespread in the banking sector, with people moving away from the use of physical currency to conduct their transactions online while being confined to their homes amid travel restrictions. Accordingly, the Finance...

Canadian investment portfolios consumed by wanderlust during lockdown

OTTAWA (CU)_In Canada, investment savings are notoriously tied to publicly-traded equities in the country, although they only account for less than 3 per cent of global equities. However, in the second quarter of this year, as the country was experiencing the peak of the third COVID-19 wave, a massive portion of investments took flight, as investors ploughed their cash into equities and debt securities like bonds abroad. Data released by...

President Ramaphosa welcomes investment from ‘friends of South Africa’

BERLIN (CU)_Under the German Presidency in 2017, the 20 largest economies in the world initiated the G20 Compact with Africa (CwA) to promote macroeconomic, financing and business reforms with the aim of attracting private investment into the African continent. This year's summit was co-chaired by Germany and South Africa, the latter being the only African member of the G20. During his visit to Berlin for the Summit, South African...