Mining and tourism pivotal to Zim economy

2015-01-29 20:26

Zimbabwe is to focus more on mining, tourism and agriculture to offset its economic decline as experts say recurrent spend is leaving infrastructure funding gaps.

Mugabe explains indigenisation policy

2015-01-29 09:15

Zimbabwe President Robert Mugabe has told a visiting French delegation that his controversial indigenisation policy 'only relates to resource-based operations'.

Surge in dollar-debt leaves African nations bare

2015-01-28 11:21

A surge in foreign debt issuance by African nations has left some fragile economies exposed to the risk of billions of dollars in foreign exchange related losses.

IMF warns Africa of headwinds from China, US

2015-01-27 20:30

IMF head Christine Lagarde has warned that African economies could be hurt by a slowdown in China's economy and an imminent hike in US interest rates.

Namibia denies China plans for naval base

2015-01-23 11:45

The Namibian government has dismissed as fabricated local media reports that China is planning to construct a naval base along Namibia's coast.

Zim re-starts interbank market

2015-01-23 06:00

Commercial banks in Zimbabwe that have battled tight liquidity challenges could get some respite from the reintroduction of an interbank market, says the central bank.

Zimbabwe gold mines could collapse - chamber

2015-01-21 10:00

Zimbabwe's gold mining firms are making losses due to weak bullion prices and could collapse, warns the Chamber of Mines.

SABMiller Zim sales hit by flatlining economy

2015-01-20 14:25

SABMiller's Zimbabwean unit Delta Corporation has reported a 20% sales drop for the first nine months to December as consumers feel the pinch of a weak economy.

Copper plays surprise role in Zambia vote

2015-01-19 11:00

A controversial decision to hike mining royalties in copper-rich Zambia has not only spooked investors, but has become an unlikely presidential election issue.

Tunisia strong prospect if investments come

2015-01-18 19:30

Tunisia is seen as a rare regional success story, but its prospects hinge on reforms and foreign investment.

Egypt has enough wheat until mid-May - minister

2015-01-18 11:45

Egypt's stock of wheat for its subsidised bread programme will last until the middle of May, says Supplies Minister Khaled Hanafi.

Don’t come back yet, Zimbabweans tell migrants

2015-01-16 18:00

Zimbabweans will not advise their relatives in the diaspora to come back home, at least for now, a survey shows.

Beijing no 'Western colonialist' - minister

2015-01-12 08:27

China says it will not follow the path of "Western colonists" in Africa, denying that its hunger for resources has led to one-sided policies and damaging projects.

Shouting erupts about Zim's 'bond coins'

2015-01-08 12:55

It seems consumers in Zimbabwe are not so keen on the "bond coins" the Reserve Bank has put in circulation.

SA exports widen Zim trade deficit

2015-01-07 10:20

South African exports are flooding Zimbabwe, driving up its import bill to $5.8bn with the trade deficit widening to $3bn, says the country’s statistics agency.

Zim's educated fools

2014-12-31 07:35

Are the country's leaders literate but thoughtless, asks Malcom Sharara.

Mugabe fires 15 ministers – who cares?

2014-12-28 12:47

Malcom Sharara on when ministers get fired for daring to challenge the incumbent president, or positioning themselves for the post Mugabe era.

Lower oil price 'double-edged sword' for Egypt

2014-12-23 15:30

The fall in oil prices will cut Egypt's fuel subsidy bill, but could hit the finances of oil-exporting Gulf allies who have given it billions of dollars in aid.

Egypt to slash energy subsidies

2014-12-23 09:00

Egypt expects to slash its energy subsidies bill in the 2014/2015 fiscal year if global oil prices remain low, says the oil ministry.

Zimbabweans suspicious of new coins

2014-12-22 16:04

Zimbabwe's new "bond coins" are trickling onto the market -- but locals are still suspicious that they represent a stealthy return to the old Zimbabwe dollar.

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.


Angola economy to slow as oil prices collapse

2015-01-29 14:30

Angola's oil-dependent economy is set to slow this year as a global crude price slump takes its toll on Africa's second-biggest producer.

Malawi to miss 2015 economic growth forecast

2015-01-28 12:30

Malawi will likely miss this year's 5.8% economic growth forecast after weeks of heavy rain killed scores of people and washed away the country's staple crop.

Zim aims for 69% rise in FDI

2015-01-28 09:56

Zimbabwe is targeting a lift in much-needed foreign direct investment on the back of policy measures introduced in the 2015 budget.

No mercy on Zim mining compliance

2015-01-27 14:09

ZImbabwe's insistence that the mining sector will not be exempt from the 49-51% compliance threshold is likely to create fresh uncertainty among foreign miners.

Mugabe back from leave as Zim woes deepen

2015-01-23 11:42

President Robert Mugabe has returned from his annual holiday abroad to face the hard reality of further slowdown in the already struggling economy he left behind.

Businesses save Kalahari elephant

2015-01-22 15:31

Local business people in Namibia have stepped in to save an elephant bull roaming commercial farms and having been branded a "problem animal" to be killed.

Fixing Zimbabwe's ruins

2015-01-21 07:55

Potential investors need to be properly informed of change, says Malcom Sharara.

Metal price drop threatens Zimbabwe growth

2015-01-19 21:00

As miners complain about 'exorbitant' mining fees, softer commodity prices will also put a damper on Zimbabwe's growth prospects, says Zimplats CEO Alex Mhembere.

Zambia presidential hopeful eyes mining tax

2015-01-18 20:00

A leading contender in Zambia's presidential elections has vowed to review a new "penal" mining tax regime that has spooked investors in the copper-rich nation.

Madagascar's economy shows signs of recovery

2015-01-18 12:21

Madagascar's economy has shown early signs of recovery, but political instability, weak institutions and weak governance are hurting prospects, says the IMF.

JP Morgan could remove Nigeria from bond index

2015-01-18 11:19

JP Morgan says it would assess Nigeria's suitability to remain in a key emerging currency bond index it manages.

Zimbabwe continues on deflation slide

2015-01-16 08:28

Zimbabwe continued on a fresh slide into deflation in December as prices fell due to tight liquidity, figures from the government statistics agency show.

Zim could see drop in fuel prices

2015-01-09 20:00

So far Zimbabweans have not benefited from lower oil prices, despite Zimbabwe being one of the countries which blends unleaded petrol with ethanol.

SA exports $2.5bn worth of goods to Zim

2015-01-08 12:05

Zimbabwean imports from SA amounted to $2.5bn for the 11 months to November 2014, as its manufacturing sector faces some tough challenges.

Libyan oil output shrinks more as tanks blaze

2014-12-31 07:49

Libya's oil output has shrunk further after blazing oil tanks at a major terminal helped push world prices higher and put a strain on dollar currency reserves.

Loyalty over performance

2014-12-29 09:00

Malcom Sharara on when ministers dare to prepare for the post Mugabe era.

Little oil price benefit for African farmers

2014-12-24 05:00

From the coffee plantations of Uganda to the maize fields of Zambia, the collapse in world oil prices has so far brought few benefits for African farmers.

Tanzanian president sacks minister amid scandal

2014-12-23 12:30

Tanzanian President Jakaya Kikwete has fired a senior cabinet minister over a graft scandal in the energy sector.

Zimbabweans suspicious of new coins

2014-12-22 16:05

Zimbabwe's new "bond coins" are trickling onto the market -- but locals are still suspicious that they represent a stealthy return to the old Zimbabwe dollar.

Botswana GDP growth slows

2014-12-22 14:10

Botswana's economy has grown 1.2% quarter-on-quarter in the three months ended September.

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.

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