The Township Entrepreneurs Alliance (TEA) is currently celebrating its 6th Annual Township Economy Summit, of supporting and growing township economies.

The summit coincides with the launch of the Township Economy Awards aimed at celebrating innovation, resilience, and growth within South Africa's vibrant township economy.

Thami Ngubeni spoke to the Founder of TEA Bulelani Balabala.

The Township Entrepreneurs Alliance (TEA) is currently celebrating its 6th Annual Township Economy Summit, of supporting and growing township economies.
The summit coincides with the launch of the Township Economy Awards aimed at celebrating innovation, resilience, and growth within South Africa's vibrant township economy.
Thami Ngubeni spoke to the Founder of TEA Bulelani Balabala.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

The Township Entrepreneurs Alliance celebrates its 6th Annual Township Economy Summit

Lindile Malgas, Investment Strategist at Absa Investments, unpacks performance in both local and global markets. Mr Price Group has released its third‑quarter sales results, and key factors that the market will be watching for the rest of this week are also in focus.

Lindile Malgas, Investment Strategist at Absa Investments, unpacks performance in both local and global markets. Mr Price Group has released its third‑quarter sales results, and key factors that the market will be watching for the rest of this week are also in focus.

The latest business and financial markets developments

A United Nations Development Programme–linked analysis, supported by African business research, suggests that Africa may be losing nearly $75 billion each year due to higher borrowing costs driven by perceived risk, often referred to as the “Africa risk premium.”

 

Of the continent’s 53 countries, 33 are rated below investment grade, while only two currently hold investment‑grade status. What does this mean for the future of Africa’s credit profile? Channel Africa’s Economics Reporter, Innocent Semosa, has the details.

A United Nations Development Programme&ndash;linked analysis, supported by African business research, suggests that Africa may be losing nearly $75 billion each year due to higher borrowing costs driven by perceived risk, often referred to as the &ldquo;Africa risk premium.&rdquo;
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Of the continent&rsquo;s 53 countries, 33 are rated below investment grade, while only two currently hold investment‑grade status. What does this mean for the future of Africa&rsquo;s credit profile? Channel Africa&rsquo;s Economics Reporter, Innocent Semosa, has the details.

33 out of 53 countries in Africa are rated below investment grade, while only two hold investment‑grade status

Moody’s Ratings has upgraded Kenya’s sovereign credit rating to Caa1 from B3, pointing to a reduced near‑term default risk underpinned by stronger external liquidity and improved access to international capital markets. The move comes just days after Fitch Ratings affirmed Kenya’s long‑term foreign‑currency issuer default rating at ‘B‑’ with a Stable Outlook, reinforcing the assessment that external risks have eased even as fiscal pressures remain. Thami Ngubeni spoke to Kenyan Economist Martin Adati.

Moody&rsquo;s Ratings has upgraded Kenya&rsquo;s sovereign credit rating to Caa1 from B3, pointing to a reduced near‑term default risk underpinned by stronger external liquidity and improved access to international capital markets. The move comes just days after Fitch Ratings affirmed Kenya&rsquo;s long‑term foreign‑currency issuer default rating at &lsquo;B‑&rsquo; with a Stable Outlook, reinforcing the assessment that external risks have eased even as fiscal pressures remain. Thami Ngubeni spoke to Kenyan Economist Martin Adati.

The Township Entrepreneurs Alliance celebrates its 6th Annual Township Economy Summit

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