HOT TOPICS
ARTICLES RELATING TO AFRICA ECONOMY

Namibia's mining performance slacks

2014-12-19 09:33

Namibia's mining sector has performed weaker during the third quarter of 2014, as production of diamonds, uranium and zinc concentrate decreased.

Ghana urged to remove 'ghost workers'

2014-12-17 15:01

Ghana must remove "ghost workers" from its public sector payroll before the European Union resumes budget support , says the EU ambassador.

Zim gets $108m for electricity

2014-12-10 17:30

Zimbabwe has received a $108m grant from the African Development Bank to improve electricity and water supplies.

Obama's 'Power Africa' plan off to dim start

2014-11-30 11:29

US President Barack Obama's promised R77bn five-year plan to "Power Africa" is yet deliver the power.

Zuma: Africa's resources must benefit Africa

2014-11-28 15:55

President Jacob Zuma has called on Africa's youth to discuss ways in which the continent can utilise its resources and raw materials more profitably.

Zim needs clarity on indigenisation laws

2014-11-28 07:39

Zimbabwe must provide "clarity" on its controversial indigenisation programme if it is to lure investors, says its Finance Minister Patrick Chinamasa.

SA leads Africa in economic integration

2014-11-26 07:00

South Africa’s economy is better connected to the rest of the global economy and others on the continent than its peers in the region, according to an index.

Zim ministers in SA for economic road show

2014-11-20 15:26

Zimbabwean ministers will participate in the Zimbabwe Trade and Investment Executive Breakfast Meeting in Johannesburg to promote investment opportunities.

Beleaguered Zim's imports from SA worth $2bn

2014-11-20 10:25

Zimbabwe has imported goods worth $2.26bn from SA for the 10 months to end-October, some of them embarrassing for a country once touted as Africa's bread basket.

Lower SA growth slows container market

2014-11-19 14:06

Container movements into and out of South Africa has declined, showing SA needs to increase winning investments from international businesses, says an expert.

Taxpayer funds save Congo plantation

2014-11-13 17:12

Development funds from European governments have helped to rescue a Canadian company that pays workers as little as $1 per day.

Zim operationalises Sovereign Wealth Fund

2014-11-12 13:06

Zimbabwe has operationalised its Sovereign Wealth Fund meant to secure investments for the benefit of future generations of Zimbabweans.

Nigeria faces twin currency, budget woes

2014-11-06 10:29

A sharp drop in global oil prices has raised the twin spectres of a potential currency devaluation and budget shortfalls in Nigeria.

Southern Africa must align air travel policies

2014-11-02 10:44

A unified air transport strategy will promote economic growth in southern Africa and a regional forum could help accomplish this, says the CEO of an airline body.

Zim to receive funds as EU lifts sanctions

2014-10-31 08:34

The EU has lifted trade sanctions against Zimbabwe and will resume direct aid this weekend, when some sanctions imposed over alleged rights abuses expire.

African middle class on the rise

2014-10-28 18:16

More than one in three Africans have entered the middle class in the past decade, with numbers set to increase thanks to rapid economic growth, a study shows.

It's time for DRCongo investment: UN envoy

2014-10-28 10:50

The UN envoy to the Democratic Republic of Congo has called for a major injection of private investment to shore up peace.

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.

 

Nigerian central bank restricts dollar holdings

2014-12-18 15:43

Nigeria's central bank has barred banks from holding their own funds in dollars in order to end speculative pressure on the ailing naira currency.

Weak rand impacts Zimbabwe's inflation

2014-12-17 05:00

Zimbabwe’s negative inflation rate follows continued rand weakness and has meant a sustained drop in grocery prices, as much of its food is imported from SA.

Mugabe or not, nationalism still grips Zim

2014-12-09 14:47

Four words emblazoned across a cap front, next to a black-and-white portrait of Robert Mugabe, speak volumes - Indigenise, Empower, Develop, Employ.

Zim to establish land compensation fund

2014-11-28 17:15

Zimbabwe is set to establish a fund that will be used to compensate farmers whose land was taken under the land reform programme.

Most of Zim budget to go towards salaries

2014-11-28 08:50

Zimbabwe's economy is expected to grow by 3.2% in 2015, Finance Minister Patrick Chinamasa said Thursday, but the bulk of the new budget would have to be allocated to spending on public wages.

Nigeria bourse aims to offer derivatives by 2016

2014-11-26 09:30

The Nigerian Stock Exchange plans to start allowing trading by 2016 of derivatives such as currencies, equity indices and options in interest rates.

Zim 'a giant waking up'

2014-11-21 12:08

Zimbabwe is not a basket case and has investment potential for South Africa with a diversity of resources, says its Finance Minister Patrick Chinamasa.

China, Nigeria sign $12bn railway deal

2014-11-20 10:30

A state-owned Chinese company has signed a $12bn agreement to build a railway along Nigeria's coast that it billed as China's single largest overseas contract.

Ebola's economic impact may be less - WB

2014-11-19 15:58

The cost of the Ebola epidemic on Sub-Saharan Africa's economy is likely to be closer to $3-$4bn, rather than an estimated $32bn, says a World Bank economist.

Africa aims to cut hunger threat as El Niño looms

2014-11-17 15:20

With an El Niño event predicted to hit the Horn of Africa and the Sahel starting in December, researchers are recommending action now to avoid a food crisis.

Zim favours traditional beer as economy sinks

2014-11-13 12:00

Zimbabweans have turned to traditional beer consumption as the country’s economy continues to head south, results from SABMiller's ZImbabwe unit Delta show.

Africa investors see through the headlines

2014-11-10 10:36

Headlines from Africa over the past year seem a far cry from the inspiring "Africa Rising" story, but many newly found investors are sticking with the plot.

$450m boost for Ebola-hit countries

2014-11-06 10:17

A new private sector initiative will provide at least $450m in financing to the West African countries hardest hit by Ebola to promote trade, investment and employment.

Old Mutual to build low-cost housing in Zim

2014-10-31 09:44

Old Mutual Zimbabwe intends to build 15 000 low-cost housing units in the next five years as it aims to grow an African-based emerging markets business.

British business puts out feelers in Zim

2014-10-29 07:53

An official British business delegation is visiting Zimbabwe for the first time in nearly 20 years, a move officials say might mark a thawing in relations.

Zim revenue down as economic woes deepen

2014-10-28 11:05

Zimbabwe has missed its revenue targets for the quarter ended September 30 as the country’s economic prospects continue to wane.

Zim's trade deficit with SA stands at $681m

2014-10-22 12:19

Zimbabwe’s trade deficit with South Africa amounted to $681m on September 30, according to figures from the Zimbabwe Statistical Office.

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.

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