Stakes are high as Zim ministers meet mining execs

2017-05-23 12:15

Zimbabwean mining executives and government officials are having their third annual meeting in Victoria Falls as the industry battles a plethora of operational constraints.

In Nigeria bust, $4-a-day job doesn't guarantee getting pay

2017-05-11 16:00

On days when Dayo Fabajo’s bosses can’t afford to pay the $4 wage she earns for a 12-hour shift packing biscuits, they send her home early.

SA still has most subsidiaries in Africa but rivals catching up

2017-05-10 06:02

South African companies have the highest number of subsidiaries in the rest of Africa market but competition is fast rising from Kenyan and Nigerian firms, says the IMF.

Nigeria seeks $5.2bn from World Bank for power industry

2017-05-09 08:59

Nigeria is seeking $5.2bn from the World Bank to expand electricity generation and help the economy recover from its first contraction in 25 years.

Zim bank queues lead to 'staggering' productivity loss - survey

2017-05-05 14:43

Zimbabweans spend an average of 2.5 working hours per week in banking queues, a $40m loss in wages paid to employees who are not productive every month, according to a survey.

Foreign payments backlog has eased, says Zim central bank

2017-05-04 13:02

The Reserve Bank of Zimbabwe maintains the backlog in outbound payments for companies has been reduced, but executives say firms still face procurement hurdles.

Gigaba: Govt must be decisive on economic transformation

2017-05-03 12:48

The SA government must show decisive leadership with regards to inclusive growth and economic transformation, says Minister of Finance Malusi Gigaba.

African roadmap for infrastructure development

2017-05-02 17:26

Global infrastructure leaders are gathering in Johannesburg for a series of discussions designed to propel African development through infrastructure finance.

SA in bottom 5 of fastest wealth growth in Africa

2017-04-25 12:02

South Africa ranks a lowly 16th among the top 19 fastest wealth growing countries in Africa, according to a new report by AfrAsia Bank and New World Wealth.

Zim rejects call to make rand official currency

2017-04-24 12:52

Despite intense lobbying by industrialists, economists and the business community, officials in Zimbabwe have rejected the call to adopt the rand as its official currency.


Standard Bank lends Zim $120m to help ease power crisis

2017-05-15 16:30

Standard Bank has finalised a $120m loan facility to Zimbabwe to boost the country's efforts to overcome its power crisis.

IMF sees subdued growth outlook for Sub-Saharan Africa

2017-05-10 09:46

Sub-Saharan Africa’s economic growth outlook is subdued as the region’s oil producers delay policy adjustments needed to trigger and sustain expansion momentum.

Sub-Saharan Africa's growth prospects still fragile - IMF

2017-05-09 16:41

Once-off factors are likely to drive a modest economic rebound in sub-Saharan Africa, according to the International Monetary Fund.

Sub-Saharan Africa 'left behind' in economic connectedness - report

2017-05-05 16:38

Sub-Saharan countries are among the least connected ones in the world with regional connectedness lagging other areas by a wide margin, according to the Visa Africa Integration Index.

Mugabe's denial begs the question: Is there hope for Zim?

2017-05-05 06:33

Is there there hope for Zimbabwe when those in leadership are in denial, asks Malcom Sharara after President Robert Mugabe denied that his country is a fragile state.

May Day booing sign of a healthy democracy, says unfazed Zuma

2017-05-03 13:48

President Jacob Zuma says he doesn’t feel rejected by workers after he was booed off the stage at a Worker's Day rally, adding that the jeering was the sign of a healthy democracy.

World Economic Forum needs to move beyond spin if it's going to help Africa

2017-05-03 06:00

Hopefully the WEF meeting will make a meaningful attempt at addressing the dire economic conditions affecting the lives of hundreds of millions of people across Africa, says Stephen Labson.

Why brutalising food vendors hits Africa’s growing cities where it hurts

2017-04-30 12:15

To feed developing urban populations, Africa’s cities must find productive ways to work with the informal traders and markets where they get their food, writes Danielle Resnick.

Africa needs strong policies to tap into potential, says IMF

2017-04-24 19:27

The IMF says sub-Saharan Africa is a region of tremendous potential and will be able to tap into this potential in the coming years.

Nigerian first-quarter output improved

2017-04-21 10:42

Nigeria’s economy, which contracted in 2016, performed better in the first three months of this year than during the previous three quarters on improved oil production and factory output.

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