ARTICLES RELATING TO AFRICA ECONOMY

China slated for not doing enough for Ebola

2014-10-20 11:16

China has lagged behind in contributions to fighting West Africa's Ebola epidemic despite being the largest investor in the region, says the World Food Programme.

Food prices up sharply in Ebola-hit countries

2014-10-17 18:15

Food prices have risen across the three countries worst hit by the Ebola outbreak, forcing some families to reduce their intake to one meal a day.

Foreign banks bow down to Zim empowerment

2014-10-16 08:55

Indigenisation Minister Francis Nhema says all foreign banks operating in Zimbabwe, with one exception, have complied with the country’s indigenisation laws.

Kenya economy accelerates despite tourism drop

2014-10-13 13:53

Kenya's economy has accelerated in the second quarter thanks to fast growth in construction, manufacturing and financial services, which offset a slump in tourism.

Will Grace Mugabe become president?

2014-10-13 06:00

It seems Grace Mugabe is being carried away by the crowds attending her rallies and could aim higher than the post of women’s league boss.

Zim woos SA infrastructure investors

2014-10-10 11:46

Zimbabwe is to open up its infrastructure sector to public private partnerships as it scrambles to narrow an infrastructure deficit that is deterring investors.

Zim's first PMI shows economy in free fall

2014-10-09 20:19

Zimbabwe’s first-ever purchasing managers’ index shows the economy is in decline, reflecting an industry sector struggling for funding and with slowing demand.

Low demand hits Zim manufacturing sector

2014-10-08 17:20

Zimbabwe's capacity utilisation for manufacturing has fallen after being affected by depressed local demand, with competition from SA imports also a concern.

IMF warns on Ebola threat for Africa growth

2014-10-07 15:27

Sub-Saharan Africa's economic growth remains strong, but if the Ebola outbreak in its western corner is protracted it will have "dramatic consequences", warns the IMF.

IMF to help Zim sort out debt repayment

2014-09-30 10:23

The International Monetary Fund says it will work with Zimbabwe to produce a debt repayment plan that would help Harare qualify for international loans.

African growth 'based on quicksand'

2014-09-30 05:00

Africa's economic growth is mostly raw material-driven and corruption is endemic, with 40% of private wealth kept outside the continent, says an expert.

IMF: Zim no basket case, must clear debts

2014-09-24 10:15

Zimbabwe is not a poor country and will only be able to access new funds once it has paid its long overdue $7bn debt, says the IMF.

Zim denies going to China for cash bailout

2014-09-10 18:40

The Zimbabwean government did not travel to China to get ready cash but to obtain funding commitments for bankable projects, says a government official.

Zim SABMiller unit can't hit 50% stake target

2014-09-05 12:45

Local shareholders are struggling to pay for the remaining 18% shareholding in SABMiller's Zimbabwean unit Delta Corporation to comply with empowerment laws.

Can China save Mugabe?

2014-08-29 10:26

Even Beijing's support may not be enough to rescue Zimbabwe's sinking economy, as President Robert Mugabe turns to 'old friend' China after being snubbed by the US.

Zim sets up body to deal with bad debt

2014-08-26 13:05

Zimbabwe has created a special vehicle to buy non-performing loans from banks, as bad loan levels have risen to 18.5% compared to an international benchmark of 5%.

Call for Zim to 'fight negative perceptions'

2014-08-26 09:11

Zimbabwe's central bank says the country needs to come up with credible policies to attract desperately needed capital as it battles economic crisis.

Mugabe seeks $4bn China bailout

2014-08-22 10:19
169 comments

President Robert Mugabe is set to depart for Beijing for a $4bn cash bailout, confirming Zimbabwe’s quest for Chinese aid to ease the country's economic meltdown.

Connecting African entrepreneurs

2014-08-19 15:59

A group of entrepreneurs aim to link business owners together throughout Africa, says Lesley Waterkeyn.

Zuma: Agoa renewal has immense benefits for SA

2014-08-08 08:57

The renewal of the African Growth and Opportunity Act holds great benefits for SA and has lifted US-SA relations to a new level, says President Jacob Zuma.

Obama: Time for new Africa, US partnership

2014-08-07 07:00

United States President Barack Obama has called for a partnership of equals between Africa and America.

Obama: US seeks long-term Africa partnership

2014-08-06 10:12

President Barack Obama says the US is not just interested in Africa's minerals, but aims to be an equal partner concerned for the continent's long-term prospects.

Zuma: Africa is more organised

2014-08-05 22:47
90 comments

Africa is more organised than it has ever been and this has been the right time to a hold a US-Africa summit, President Jacob Zuma says.

Africa frets over jobs - survey

2014-08-04 09:40

Africans see jobs and education as their biggest areas of concern while they also feel their governments need to invest more in agriculture, according to a poll.

 

Morocco plans first solar mega-project

2014-10-20 11:06

Morocco's first solar energy plant will begin operating in 2015 as it aims to become a world class renewable energy producer and eyes exporting to nearby Europe.

Africa set to switch on gas-to-power potential

2014-10-16 14:45

Africa's under used gas reserves are set to play a big role in stemming the continent's crippling electricity void, a shift that should boost economies.

Economic hopes hang on Mozambique poll result

2014-10-15 09:40

Mozambicans want whoever wins the country's elections to use newly-discovered coal and natural gas resources to end poverty and inequality, and to create jobs.

Big hopes for African power capacity

2014-10-13 11:56

Power generation capacity in Africa will quadruple from 2020 to 2040, giving nearly a billion people access to electricity, says the International Energy Agency.

Zim signs power deal with China's Sinohydro

2014-10-10 18:57

Zimbabwe has signed a $1.5bn deal with Sinohydro to expand a coal-fired power plant in the most ambitious move yet to tackle its crippling electricity shortages.

Mbeki: Corporates must look beyond bottom line

2014-10-10 07:34

The South African corporate world should become part of the rising African continent and that means looking beyond the bottom line, says ex-president Thabo Mbeki.

Zim woes hurt Grace Mugabe's dairy farm

2014-10-09 08:58

President Robert Mugabe's wife complains that Western sanctions are hurting Zimbabwe's economy, and says her dairy business has been badly affected.

Foreign investors can score in Zim - expert

2014-10-08 06:00

International investors willing to ride the risk of uncertainty in Zimbabwe will likely capitalise on attractive interest rates and higher yields, says an expert.

Zim retailers forced to spurn SA stock

2014-10-01 11:52

Zimbabwean retailers, including Pick n Pay, no longer stock oil and poultry products from SA as government demands that 50% of stock be locally produced.

SA bodies want to fund Zim infrastructure

2014-09-26 08:25

Zimbabwe has received proposals from the DBSA, IDC, PIC and Transnet for $14.7bn in funding for infrastructure projects.

SA firms stop Zim exports after new tax laws

2014-09-15 19:36
108 comments

New duty taxes implemented by the Zimbabwean government to protect local firms have already seen some South African firms cease exports to the country.

Weak growth means rough ride for Zim consumers

2014-09-12 12:25

Zimbabwe's economy is set to notch up a paltry 1.7% growth this year as mining slows down, while new tax measures will drive up the cost of living.

Zim banks reduce lending as debt looms large

2014-09-05 14:53

Zimbabwean banks have reduced their lending as the sector is saddled with $700m in non-performing loans, making lending highly risky.

Dire economy takes $108m toll on Zim workers

2014-09-04 13:25

Zimbabwean firms are losing up to $107.5m per year in wages and productivity through mental health or stress-related absence from work, according to a survey.

Ebola a huge drain on West Africa economies

2014-08-28 09:13

Ebola is causing enormous damage to West African economies, draining scarce public funds and slashing growth by up to 4%, says the African Development Bank.

Mugabe signs China deals as Zim FDI tanks

2014-08-26 09:59

China and Zimbabwe have signed several cooperation deals as first-half foreign investment into Zimbabwe plunged 59% to $67m in the first half of this year.

Zim seeks China's aid as Mugabe meets Xi

2014-08-25 16:31

Zimbabwe's President Robert Mugabe has met with Chinese leader Xi Jinping, hoping the economic giant can help the African nation's ailing economy.

African entrepreneurs

2014-08-21 07:24

A group of entrepreneurs aim to link business owners together throughout Africa.

Connecting African entrepreneurs

2014-08-19 15:47

Entrepreneurs’ Organisation has announced its growth plans into Africa and South Africa for high-end business owners.

MTN eyes e-commerce to grow revenue

2014-08-07 14:15

Africa’s largest cellphone group is betting on rising smartphone usage to spur online shopping in the continent as part of its plans to diversify revenue streams.

US-Africa talks shift to govt corruption

2014-08-06 20:02

President Barack Obama and African leaders are discussing two key issues threatening to disrupt economic progress on the continent: security and state corruption.

US-Africa summit garners $17bn in investments

2014-08-06 07:34

African leaders have called for deeper economic ties with the US, hailing over $17bn in investment pledges at a summit as a step in the right direction.

Uganda court gay ruling may open door to aid

2014-08-04 10:14

Uganda's constitutional court has overturned an anti-homosexuality law which was condemned by Western and other donors, some of whom withheld aid in protest.

Zuma in Washington for US-Africa summit

2014-08-03 19:24

President Jacob Zuma and a ministerial delegation will spend three days in the United States trying to encourage more trade and investment between the two countries.

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