Drought cuts hydropower, hits Zambia's growth

2015-11-23 16:28

Drought conditions are set to hit economic growth in Zambia, with economists saying this year's figure will be below the 5% projected by the country.

Dangote quits flour mill as Tiger Brands cuts funding

2015-11-17 10:38

Aliko Dangote and three other directors have resigned from the board of Dangote Flour Mills as majority owner Tiger Brands cut funding support to the company.

Cassava beer taps new market in Mozambique

2015-11-01 11:45

In Mozambique's bars and street stalls, the tipple of choice nowadays is a cold "Impala" -- a beer made from cassava rather than barley.

Youth juggle jobs to survive - study

2015-10-29 15:58

Most young people are juggling a lot of different income streams to survive financially, a study presented at the first Young Africa Works Summit shows.

Foreign investors hit hard in African markets

2015-10-28 20:00

Foreign investors seem to have suffered heavy losses in most stock markets in Africa amid concerns that the continent will not be able to meet its growth potential any time soon.

Adjust policies to fight slow growth: IMF tells Africa

2015-10-28 12:30

The IMF has called on sub-Saharan Africa, one of the world's fastest growing regions in recent years, to start adjusting policies in line with new economic realities of slowing growth.

5 elements for success in African oil industry - expert

2015-10-28 06:21

Despite tough challenges, Africa continues to offer opportunities for the oil industry, says ExxonMobil's head of new opportunity exploration on the continent.

Angola issues $1.5bn sovereign Eurobond

2015-10-26 19:27

Oil rich Angola has issued Eurobonds worth $1.5bn aimed at establishing long term funding and external financing sources as the country bids to diversify its economy from oil.

World Bank cuts Kenya’s growth forecast

2015-10-15 10:00

Volatility on Kenya’s domestic foreign- exchange market and the monetary policy response to calm those fears will damage the economic output, says the World Bank.

Challenges facing the aviation industry

2015-10-11 16:40

From protectionism of national airlines to remaining sustainable and a call to work together, airline bosses air their views on the aviation industry during a discussion.


SA a frontrunner to $2.7bn Gulf investment

2015-11-19 07:10

South Africa is the second most preferred investment destination by Gulf firms, which have invested up to $2.7bn in sub-Saharan Africa in the first half of the year.

Dubai positioned as gateway for Africa trade

2015-11-11 18:54

The Dubai International Financial Centre has pledged to support Africa’s growing financial community by providing increased access to international trade and investment.

Nordic, African ties strengthened

2015-10-29 19:18

African and Nordic leaders have gathered in Oslo to discuss how Nordic expertise could be linked with African opportunities.

Falling rand, kwacha double edged sword for Zim

2015-10-29 13:59

The falling rand and the Zambia kwacha have become more of a double edged sword for Zimbabwe's manufacturing companies, a survey shows.

New tax for Zim miners amid belt tightening

2015-10-28 15:56

Zimbabwean miners are to be taxed a new levy to fund exploration activities as the government transforms the Minerals Marketing Corporation of Zimbabwe.

Zim firms want laws to enforce pay, utility cost cuts

2015-10-28 10:38

The crash of the rand and the Zambian kwacha has caused more complex challenges to the Zimbabwean economy, says an industry body.

African state oil companies must 'shape up and compete'

2015-10-27 20:30

Africa governments should not base the continent's oil industry on resource nationalism, but on being able to compete internationally, warns the African Institute of Petroleum.

Economic slowdown prompts scrutiny of African data

2015-10-15 19:30

A dip in the fortunes of many African economies has raised doubts about the accuracy of the heady statistics that lured hordes of investors during the "Africa Rising" boom years.

Zim's 2015 gold output highest in 11 yrs

2015-10-14 13:23

Gold output in Zimbabwe is expected to rise this year to 18.4 tonnes, the highest level in 11 years, thanks to higher production from small-scale miners, the mining chamber says.

No price war, just good business model – Safair CEO

2015-10-11 11:11

The secret to FlySafair's low prices is attributed to its business model being different from competitors, according to parent company Safair’s CEO Elmar Conradie.

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