ARTICLES RELATING TO AFRICA ECONOMY

Zim repays Implats unit $100m, revenues tumble

2016-02-05 13:17

Zimbabwe says it repaid Impala Platinum’s unit in the country about $100m in overpaid royalties, dragging down earnings from the mineral royalties segment by 110%.

Zim to tax imported food commodities

2016-02-04 12:49

Zimbabwe's government has widened its tax bracket to include VAT on nearly 40 imported basic food commodities as the country’s revenue performance disappoints.

Zimbabwe's growth will remain flat - World Bank

2016-02-03 20:00

The World Bank says Zimbabwe's economy will grow at 1.5% this year, which is slower than the government's estimate of 2.7%.

IMF ready to lend to African oil producers

2016-02-03 09:58

The International Monetary Fund stands ready to help sub-Saharan Africa's oil exporters cope with plunging crude prices and growing fiscal pressures.

Nigeria suspends plans over oil crash

2016-01-29 16:30

Nigerian oil producer has halted plans to issue $500m of Eurobonds and will cut staff because of plunging oil prices.

S&P: SA faces tough year on slow growth

2016-01-27 16:03

The commodity price slump and lower GDP growth will continue to trouble South Africa and Nigeria, according to a report by Standard and Poor's.

Zim, Zambia mines ramp up output on Eskom deal

2016-01-27 09:38

The 300MW excess electricity Eskom has agreed to supply to both Zimbabwe and Zambia is allowing mining operations across the region to intensify production.

Africa's prospects for dollar deals

2016-01-21 07:09

Will mergers and acquisitions transactions in African economies recover, or are we seeing the start of a long-term decline, asks Hasnen Varawalla.

Outcry against Zim's 49% proposed electricity hike

2016-01-20 11:59

Zimbabwe's business community says a proposed 49% electricity tariff increase by the country's power utility is unaffordable and will reduce competitiveness.

Somalia got Saudi aid when cut ties with Iran - document

2016-01-17 19:30

Somalia received a pledge of aid from Saudi Arabia on the same day it announced it was cutting ties with Saudi rival Iran, a document seen by Reuters shows.

 

Expat Zimbabweans remit $1bn back home

2016-02-04 13:42

Expat Zimbabweans living and working in other countries such as SA, the UK and the US have remitted nearly $1bn back home in 2015.

Africa growth stays strong even as China slumps - AfDB head

2016-02-03 20:00

Strong investment flows to Africa will sustain high economic growth on the continent even amid low oil prices and a slowdown in China, the African Development Bank head says.

Zim could have rapid, inclusive growth - report

2016-02-03 13:07

Zimbabwe is likely to witness improved economic growth rates in the short to medium term, says the World Bank.

Senegal hails huge gas reserves

2016-01-29 17:00

Senegal has hailed the discovery of offshore gas reserves estimated at 450 billion cubic metres as a game changer for the west African nation.

Zim miners commit $362m to beneficiation

2016-01-28 20:00

Zimbabwean miners have invested up to $362m in mineral beneficiation projects as the government intensifies a drive to create jobs and keep money in the country.

SA among worst economic performers in region

2016-01-27 13:57

SA will be among the worst sub-Saharan performers as tariff barriers, protection for inefficient industries and state intervention are set to draw back growth.

Cathy Buckle: Zimbabwe’s underground saviour remains elusive

2016-01-21 07:39

Zimbabwe's drought devastation is frightening but even more so is government rhetoric, with no funds being provided for maize imports in the 2016 budget.

Outcry against Zim's 49% proposed electricity hike

2016-01-20 12:19

Zimbabwe's business community says a proposed 49% electricity tariff increase by the country's power utility is unaffordable and will reduce competitiveness.

Davos 2016 a tough one for Africa

2016-01-18 07:41

Davos 2016 looks set to be a tough one for African delegates as they try to maintain interest in the continent.

Tackling poverty in Nigeria with tomatoes

2016-01-17 16:30

Nigeria has abundant resources but has lacked the capacity, will or ability to exploit it, forcing a reliance on imports.

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