ARTICLES RELATING TO AFRICA ECONOMY

Zim bourse drops to 2012 levels

2015-06-26 18:15

The Zimbabwean stock market has dropped to levels last seen in 2012 as the country’s economic situation continues to worsen.

Zimbabweans in SA keep their country ticking over

2015-06-26 12:35

Zimbabweans in SA have contributed the bulk of the $3.5bn the country has received from its nationals in the diaspora, says the Reserve Bank of Zimbabwe.

Zim fades as Mugabe is caught napping - again

2015-06-23 07:11

Zimbabwe must stay awake to issues which destroy investor confidence, says Malcom Sharara.

Mozambique renegotiating $850m tuna bond

2015-06-22 14:30

Mozambique is renegotiating the terms of a controversial $850m bond issued in 2013 to build a state tuna-fishing fleet and bolster maritime security.

Billion dollar investment boost for Africa

2015-06-19 10:33

Afro pessimists step aside, because the big leagues are bringing their green bucks to Africa and they want to boost your business.

Zim needs business-friendly mindset, says AfDB

2015-06-18 11:45

Zimbabwe should fix its business environment and make the economy conducive for investment to unlock its growth potential, says the African Development Bank.

Dismal inflation numbers for Zim

2015-06-17 07:56

Zimbabwe has recorded a -2.7% year-on-year CPI on the back of tariff cuts in mobile phone charges, as well as price reductions in selected food items and fuel prices.

Kenyan supermarket CEO fired over 'misconduct'

2015-06-16 11:42

The board of directors of Uchumi Supermarkets has fired its chief executive, accusing him of "gross misconduct".

Zim harvests shrivel as rains, govt support dry up

2015-06-15 19:22

Government support for many small-scale Zimbabwean farmers are dwindling, as the added effects of climate change leads to poor harvests and a sense of despair.

World Bank aims to make Zim more investor-friendly

2015-06-12 07:46

The World Bank is helping to make Zimbabwe's operating environment more attractive for investors to pave the way for potential private sector financial packages.

 

Zim job losses mount as economy falters

2015-06-26 18:04

A total of 7 000 employees in Zimbabwe lost their jobs through job cuts in 2014 as the country’s economy continues to weaken, placing penions at risk.

Stop Africa's illicit outflow, campaigners say

2015-06-25 18:00

Africa can create jobs, improve social services and cut poverty if its governments can stem the $50bn a year lost in illicit outflows.

Nigeria's Buhari advised to end fuel subsidy

2015-06-22 15:00

Nigeria's new president, Muhammadu Buhari, has been advised by his transition committee to end a fuel subsidy programme and privatise Nigeria's four refineries.

The rise of Africa’s software entrepreneurs

2015-06-22 07:31

A San Francisco-based tech business guru says Africa has the potential to create a new wave of global software entrepreneurs.

Zim accuses miners of tax evasion

2015-06-18 21:15

Mining companies in Zimbabwe have denied government accusations that they are evading tax because they are funding programmes through debt financing.

Lighting up Nigeria a key challenge for new leader

2015-06-17 13:27

Corruption, mismanagement and labour unrest have for years plagued Nigeria's power sector, making it one of new President Muhammadu Buhari's main challenges.

Nigerian leaders to meet anti-corruption watchdog

2015-06-16 17:30

Nigeria's new leaders will meet the head of a leading global watchdog on corruption to see how billions of dollars in oil revenue leakage can be curbed.

SA, China help Tanzania bolster reserves

2015-06-15 20:15

SA's Rand Merchant Bank and the China Development Bank are in the process of extending $800m of loans to Tanzania to bolster foreign-exchange reserves.

Kenya tourist numbers decline so far in 2015

2015-06-12 13:59

The number of visitors to Kenya have fallen by 25% in the first five months of 2015, showing just how badly the industry has been damaged.

Ghana needs $15bn over 10 years for infrastructure

2015-06-10 19:30

Ghana requires some $15bn over the next decade to plug a gap in its infrastructure, after flooding in Accra last week exposed problems with creaking public services.

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