ARTICLES RELATING TO AFRICA ECONOMY

Corruption could cost Africa dearly

2015-08-27 21:15

A Dutch staffing agency's withdrawal from Nigeria may indicate a larger trend as firms find it not worth the trouble to continue investing in corrupt countries.

China trade expected to boom despite volatility

2015-08-26 20:48

Trade between East Africa and China is expected to boom over the next five years despite a slowdown in the world’s second largest economy, say analysts.

Mugabe banks on China for Zim's economic revival

2015-08-25 21:15

President Robert Mugabe has pinned his hopes on China helping to revive Zimbabwe's struggling economy and outlined reforms to investment rules to attract more capital.

Cement the new oil as Africa’s richest man takes on Lafarge

2015-08-25 09:16

Africa’s richest man is pushing to dominate its market for cement, the material at the heart of the continent’s infrastructure boom.

Weak rand a boon for battling Zim consumers

2015-08-21 10:21

The falling rand is a blessing in disguise for struggling Zimbabweans, as dollars now buy more in goods and services and travel to SA has become more affordable.

Of misplaced priorities and clueless politicians

2015-08-21 07:29

Why is the cost of doing business still high more than five years after Zimbabwe was ranked 171st out of 183 countries, asks Malcom Sharara.

Zambia in crisis as Lake Kariba dries

2015-08-19 09:57

A drought-related power crisis in Zambia will further erode the near-term fiscal and growth outlook, says an analyst.

Zim loses 20 000 jobs after fire ruling

2015-08-17 07:45

Zimbabwe has lost 20 000 jobs in the last month after a court ruled that companies can fire workers by giving them three months' notice, says the main labour union.

IMF in Angola to gauge impact of oil slump on economy

2015-08-14 11:24

International Monetary Fund officials have begun a working visit to Angola with the oil-producing nation's economy reeling from the plunge in international crude prices.

Zambia power firms to cut supply to mines by 30%

2015-08-12 13:24

Zambian power companies will cut electricity supply to mining firms by 30% due to a power deficit which threatens to bring the economy to its knees.

 

Botswana GDP forecast cut amid diamond slump

2015-08-27 20:00

Botswana’s gross domestic product forecast has been lowered by 2.3%, reflecting the slump in diamond prices together with reduced demand, according to Moody’s.

Zim economy in for long winter period - exec

2015-08-26 09:02

Mugabe's failure to address uncertainty around economic policies in his state of the nation address signals a long winter period for the economy, according to an executive.

Why Zim firms prefer the rand

2015-08-25 17:31

The dollar is a double-edged sword for Zimbabwe and businesses should consider quoting for goods in rands as it may ease liquidity, says a prominent Zim businessman.

Currency devaluations put Africa on backfoot

2015-08-21 13:39

Currency devaluations from Kazakhstan to China are heaping pressure on African central banks to relinquish control of their exchange rates as they run down reserves.

Mugabe sets up pension funds probe team

2015-08-21 09:22

Zimbabwean President Robert Mugabe has appointed a commission to determine if insurance policyholders and pensioners were disadvantaged by the dollarisation process.

Shoprite positions for Moz market with new store

2015-08-20 16:56

Shoprite is to open a new store in Tete, Mozambique, as companies in South Africa spread their wings elsewhere across the continent.

Mugabe offers ice cream, chocolates amid hardships

2015-08-18 18:19

The Mugabe dairy business has launched a new range of ice creams and chocolates as Zimbabwe battles with food shortages, economic hardship and job losses.

Zim to amend labour laws as economy bleeds jobs

2015-08-14 13:04

Zimbabwe's parliament is expected to amend the Labour Act as job losses rise, triggered by a new ruling allowing dismissals on three months' notice.

Very little load shedding by 2025 - survey

2015-08-13 18:00

Despite Africa facing a huge electricity demand challenge, power companies and stakeholders across Africa anticipate a brighter outlook in the decade ahead.

Up to 10 hours of load shedding for Zambians

2015-08-06 11:00

South Africans who complain about load shedding can thank their lucky stars they are not living in Zambia at the moment, according to trade unionists and journalists.

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