ARTICLES RELATING TO AFRICA ECONOMY

Congo's tax hike plan will hurt investment - CEO

2015-04-19 14:00

Any increase by the Democratic Republic of Congo in the taxes it levies on mining will stifle new investment, says Randgold Resources' chief executive.

Zim needs $5bn to generate 3 500MW electricity

2015-04-17 13:25

Zimbabwe plans to build new power stations to generate 3 500 megawatts at a cost of $5bn, in a bid to end chronic power cuts that have damaged the economy.

Zim bourse sinks despite foreign interest

2015-04-14 18:59

First-quarter trade on the Zimbabwe Stock Exchange has been dominated by foreign investors, although it has still retreated compared to the previous year.

Zim shelves bonus payments for civil servants

2015-04-14 06:48

Zimbabwe will no longer be making bonus payments for its civil servants as the economy, hard hit by liquidity challenges, declines further.

Sub-Saharan Africa growth to slow in 2015

2015-04-13 17:00

The World Bank cut its forecast for gross domestic product growth for sub-Saharan Africa to 4% in 2015 from 4.5% in 2014 due to fall in oil and other commodity prices.

Vendors cast shadow over Zim's Sunshine City

2015-04-12 12:58

Harare is a shadow of its former self, with vendors having taken over the central business district and threatening property investments.

SA investors set sights on African property market

2015-04-09 10:55

The number of South African investors aiming to tap into the potentially lucrative African property market is on the rise, according to a report.

Chinamasa: SA banks taking advantage of Zim

2015-04-08 17:06

Zimbabwe's finance minister Patrick Chinamasa has criticised South African banks for wanting to charge more when its neighbour approaches them for loans.

Mugabe seeking SA’s hand to avert Zim crisis

2015-04-08 10:27

President Robert Mugabe is in South Africa amid high hopes that his delegation will lay the foundation for business engagements between the two countries.

Foreign brewers battle for Ethiopia's beer drinkers

2015-04-01 17:45

International brewers are helping transform Ethiopia's business landscape as it opens up to foreigners drawn to one of Africa's fastest growing economies.

 

Use French for business in Africa - forum

2015-04-17 20:30

A French for Business in Africa forum has stimulated discussion on why it makes sense to promote the use of French as a business language and how to approach it in a practical way.

SABMiller's Delta sees depressed volumes

2015-04-15 07:45

Analysts say SABMiller's Zimbabwean unit Delta's depressed update is no surprise as Zimbabwean consumers are hard-pressed for cash.

IMF cuts Africa’s GDP growth to 4.5% on oil drop

2015-04-14 16:06

The International Monetary Fund has cut its economic growth forecast for sub-Saharan Africa this year as plunging oil prices force exporters to curb spending plans.

Angola fund allocates $1.4bn to Africa projects

2015-04-13 18:00

Angola's sovereign wealth fund says it is allocating $1.4bn to five new vehicles that will invest in sectors such as mining, timber, agriculture and healthcare within the country and in Africa.

UAE bank targets Africa, Asia for wealth management growth

2015-04-12 16:33

National Bank of Abu Dhabi is seeking to expand its wealth management business in Africa and Asia, as it looks to maintain strong growth at a time when its home region faces uncertainty.

Zim push to end cheap imports may affect SA firms

2015-04-10 20:00

Zimbabwe has engaged inspection firm Bureau Veritas in an effort to curb the influx of cheap imports, a move likely to impact some South African companies.

Mugabe won't budge on mining compliance

2015-04-09 09:45

Zimbabwe’s indigenisation policy is open to negotiation, but there will be no compromise on the 51/49 percentage threshold for mining, says President Robert Mugabe.

Mugabe not here to beg, says Moyo

2015-04-08 10:37

Zimbabwean President Robert Mugabe is not on a "begging visit" to South Africa, his information minister Jonathan Moyo claims.

Zim economy bleeds 4 000 jobs, 150 firms

2015-04-07 17:00

Zimbabweans are increasingly feeling the pinch of the country’s economic struggles, with nearly 150 companies placed under curatorship and judicial management in 2014.

Zim listed stocks reflect dire economic situation

2015-04-01 06:00

Most ZSE-listed entities have reported heavy losses for the full year to end-December, with two or more companies operating at a loss in any given industry.

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