Zim's dangerous optimism

2014-04-15 07:46

One good deal only highlights the harm of damaging policies, says Malcom Sharara.

Retail reward vs risk

2014-04-10 07:21

Firms like Shoprite and Game are chasing profits in booming but volatile Africa.

Nigeria's Nollywood hails GDP recognition

2014-04-07 15:26

Nollywood directors and investors have hailed the industry's inclusion in Nigeria's economic data for the first time, calling it recognition of its influence.

Standard to acquire Francophone footprint

2014-04-03 10:52

Standard Bank has appointed a French-speaking person to tackle challenges it will face as it aims to set up shop in French-speaking countries on the continent.

Old Mutual 'to help Zim pay state salaries'

2014-04-01 17:35

Sources say Old Mutual and the National Social Security Authority have been asked to purchase Treasury bills to help Zimbabwe pay salaries for civil servants.

Libya burns cash to battle budget crisis

2014-03-31 15:29

Libya is burning through central bank reserves and scrapping infrastructure projects after the seizure of oil installations reduced state income almost to zero.

IMF expects subdued growth for Zimbabwe

2014-03-28 10:44

Zimbabwe will register moderate growth in the short term and the country could be vulnerable to weakening exports, predicts the International Monetary Fund.

Mugabe appoints new central bank governor

2014-03-23 16:48

Zimbabwe's President Robert Mugabe has appointed economist John Mangudya as governor of the country's central bank, state media reported Sunday.

Zimbabwe enters deflation

2014-03-18 17:27

Zimbabwe has posted year-on-year inflation for February of -0.49%, a dip analysts deem as a further danger sign for the struggling economy.

SA firms to fix Zim infrastructure woes

2014-03-10 16:02

South African companies are taking advantage of Zimbabwe’s unquenched thirst for capital by structuring infrastructure deals.

Sovereign funds race

2014-02-16 10:19

African nations should invest in basics rather than wealth funds, say experts.

Nigeria the future, SA the past - economist

2014-02-07 13:21

Nigeria is set to overtake SA as Africa's economic powerhouse this year and represents the continent's future, while SA is the past, says a US economist.

Zim's bleak prospects

2014-01-19 10:38

A new year brings a deepening dread of the future to many who struggle without jobs.

World Bank: Weak rand is bad news for Zim

2014-01-16 13:12

A World Bank economist says the softening rand presents problems for Zimbabwe, as the country's weak economy is funded by a strong dollar.

SA firm in $400m Harare roads deal

2013-12-27 12:05

South African firm NEO Capital is reportedly set to partner Harare City Council in a $400m deal to rehabilitate and maintain roads in the Zimbabwean capital.

Mozambique donors raise red flag over violence

2013-11-15 07:52

Foreign donors have urged Mozambique to preserve peace and questioned a government-guaranteed $850m debut bond issue that has raised transparency concerns.

Taming Africa's beast of a megacity

2013-10-23 08:55

Generating a third of GDP for Africa's second biggest economy, Lagos has become almost as alluring to yield-hungry investors as it is to economic migrants.

Gordhan: Africa needs quality investment

2013-09-27 12:35

Africa holds great potential for direct foreign investment but the quality of this capital must be probed, says Finance Minister Pravin Gordhan.

Zim to keep using multi-currency system

2013-09-25 07:38

Zimbabwe will continue to use the multi-currency system for the foreseeable future, says the newly-appointed Finance Minister Patrick Chinamasa.

Zim's waiting game

2013-09-11 07:27

Post-election inertia is dashing hopes of economic revival, says Malcom Sharara.

Namibia leaves rates unchanged

2013-08-21 12:58

Namibia's central bank has kept its lending rate steady at 5.5%, saying it aims to support economic growth and that inflation will remain at acceptable levels.

Trouble signs in Ghana's new oil sector

2013-08-20 08:22

Ghana seemed set to replace graft and waste with prudent spending, but two years after production began there is reason to worry, new reports say.

No quick return to Zim dollar

2013-08-07 15:59

The Reserve Bank of Zimbabwe has ruled out a speedy return to the local currency, and says the multi-currency regime will still be in use for some time.


SABMiller's Zim unit hit by slower spend

2014-04-10 12:58

SABMiller's Zimbabwe-based unit Delta Corporation will report an 18% drop in full-year lager beer volumes, amid bleak economic prospects for the country.

Zim fails to meet revenue targets

2014-04-08 11:47

Zimbabwe's economic environment continues to look dire, with an income shortfall in the country’s total expenditure for February resulting in a $16.8m deficit.

A desperate economy in Zimbabwe

2014-04-03 13:50

On Harare's hardscrabble streets college graduates compete with peasants scratching out a living selling anything from mobile phone cards to herbal tonics.

Botswana GDP growth quickens to 3.6%

2014-04-02 10:17

Botswana's economy grew 3.6% quarter-on-quarter in the fourth quarter of 2013 from a revised 0.3% in the third quarter, data from the statistics office showed.

Neo-colonialism 'not part of aid to Africa'

2014-04-01 09:21

The head of the EU's huge aid programme says linking investment in Africa to democratic reforms risks backfiring if viewed as a "colonial tool".

Glencore reaches $1bn deal with Mauritania

2014-03-31 09:10

Glencore Xstrata has reached a preliminary deal for a $1bn contract for access to railway and port facilities with Mauritania, according to a report.

Mugabe appoints new central bank governor

2014-03-23 16:53

Zimbabwe's President Robert Mugabe has appointed economist John Mangudya as governor of the country's central bank, state media reported Sunday.

Zimbabwe enters deflation

2014-03-18 19:46

Zimbabwe has posted year-on-year inflation for February of -0.49%, a dip analysts deem as a further danger sign for the struggling economy.

Africa's rush to borrow stirs concern

2014-03-18 09:25

As African states line up to join the growing club of dollar bond issuers, analysts warn of a slide back into indebtedness that could undo recent economic gains.

Zimplats adds 29% to Impala profits

2014-02-27 14:11

Profits of Impala Platinum-owned Zimplats jumped 237% to R246m for the interim period to February 2014, and the firm contributed 28.6% to Impala’s total profits.

Sovereign funds race

2014-02-16 10:14

African nations should invest in basics rather than wealth funds, say experts.

Zim rounds on "fat cat" state executives

2014-01-31 08:54

In deeply impoverished Zimbabwe, newspapers have kept readers riveted with tales of managers of state firms pocketing millions while the economy stagnates.

Zim's bleak prospects

2014-01-19 10:32

A new year brings a deepening dread of the future to many who struggle without jobs.

Nigeria's "bad bank" AMCON slashes debt

2013-12-31 09:57

The state-backed rescue bank Asset Management Corporation of Nigeria has retired 4.6878trn naira worth of bonds, cutting its liabilities by more than half.

Zim indigenisation law to stay

2013-12-19 21:02

The Zimbabwean government is set to fine-tune policies including the indigenisation law, which will not be amended, says Finance Minister Patrick Chinamasa.

Morocco to double exploration wells in 2014

2013-12-15 16:44

Morocco plans to double the number of oil and gas exploration wells drilled next year to 20, says the energy minister.

Zim must swallow pride

2013-11-08 07:00

Zanu-PF has to accept the need to turn to those with money, says Malcom Sharara.

Rwanda rolls out free Wi-Fi to boost business

2013-10-20 17:04

Broadband access has to be considered as an essential, just like water and electricity, says Rwanda's minister of information technology.

Survey shows Zim economy 'in intensive care'

2013-10-02 13:55

A survey indicates Zimbabwe's manufacturing industry experienced constraints such as lack of working capital, low local demand and competition from imports.

Growth will trump terror

2013-09-26 08:37

Africa's positive indicators won't be derailed by terror, says Daniel Silke.

New minister inspires little hope for Zim

2013-09-20 14:59

Zimbabwe's brand new Finance Minister Patrick Chinamasa seems happy to let the African Development Bank run the economy, says Malcom Sharara.

Reality check for SA

2013-09-06 07:23

Africa is catching up and our kingpins must up their game, says Mzwandile Jacks.

Kenya signs $5bn deals with China

2013-08-20 09:06

Kenya has signed deals worth $5bn with China to construct a railway line and an energy project, deepening its ties with the country.

World Bank ups Uganda growth forecast

2013-08-14 11:11

Uganda's growth could accelerate to 6.5% in 2014 from a projected 5% this year, aided by macroeconomic stability and public investments, says the World Bank.

Everybody's baby

2013-07-29 07:34

Africa is not doomed to a population explosion, says Mandi Smallhorne.

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