Zimbabwe raises gold miners' forex allowances after output halt

2018-11-15 23:00

Zimbabwe’s central bank increased the amount of foreign exchange that gold companies can retain after a shortage forced some mines to close.

Africa enjoys oil boom as drilling spreads across continent

2018-11-07 07:00

Africa is finally seeing the benefits from the recovery in crude prices as companies ramp up drilling from Algeria to Namibia.

Kenya to raise $2.8bn from eurobonds, loans this year

2018-10-30 17:34

Kenya will offer Eurobonds and seek a syndicated loan to raise the $2.8bn net external financing it planned this fiscal year, says a Treasury official.

Mozambique rejects Credit Suisse debt restructure proposal

2018-10-22 14:29

Mozambique has turned down a restructuring plan by lenders, including Credit Suisse, for one of the state-owned companies at the centre of a hidden-debt crisis.

Uganda makes sub-Sahara's first major move to tighten policy

2018-10-03 17:30

Uganda has become the first major sub-Saharan African economy to increase interest rates this year to counter inflation pressures caused by weakening currency and rising oil prices.

SA, other Africa central banks set to shift gear on rates as turmoil takes toll

2018-09-19 06:45

Central banks around Africa - poised to reveal their first response to the emerging-market turmoil of the past month - are likely to usher in an end to the continent’s easing cycle.

WATCH: Surviving in Zimbabwe's cashless economy

2018-07-27 13:47

One of the most pressing issues ahead of Zimbabwe's election is a severe lack of US dollars - forcing many to adopt parallels methods of paying for their daily needs.

Cities to play increasingly important part in Africa’s development

2018-06-14 17:17

Africa’s burgeoning big cities will play an increasingly central role in the continent’s growth and development, driven largely by Africa’s rapid urbanisation.

Zim gets $1bn Chinese loan for power generation

2018-06-02 12:00

Zimbabwe has concluded a $1.4bn agreement with the Export–Import Bank of China to expand power generation and help alleviate the country's perennial electricity shortages.

Consumers queue for fridges amid price hikes as Zim economy falters

2018-05-28 20:46

Despite the pledge of Emmerson Mnangagwa's administration to end cash shortages and right the economy, the desperation shown by companies and consumers in Zimbabwe point to a different reality.


Ghana raising $500m in loans to fund education pledge

2018-11-09 21:09

Ghana is raising $500m in loans to help finance President Nana Akufo-Addo’s pledge to provide free secondary education at public schools.

Zimbabwe targets $700m from controversial payment tax

2018-11-01 20:40

Zimbabwe expects to raise $700m a year from a new tax on money transfers that triggered panic buying of goods from fuel to sugar and sent its quasi-currency plunging.

Zim gold miners threaten to shut down, despite record production

2018-10-29 20:01

Zimbabwean gold miners reached record production levels this year but are now threatening to shut down operations as the cash strapped Zimbabwean government has failed to avail foreign currency to cover production costs.

7 ways to ‘decolonise’ urban planning in SA – academic

2018-10-21 21:45

The 'decolonisation' of planning education will produce planners who create better cities in SA and the rest of Africa, says a University of Cape Town academic.

Ghana's economy is now a quarter bigger after data overhaul

2018-09-30 07:00

Ghana’s economy is almost a quarter bigger than previously estimated after the West African nation’s statistical agency changed its base for measuring gross domestic product.

Secure ownership rights critical for successful wealth creation - report

2018-09-17 21:11

Safety and security as well as strong ownership rights are among the top factors needed to encourage growth in wealth in African countries, research shows.

Ghana growth targets at risk as banks pull brakes on lending

2018-07-12 16:29

A reluctance by banks in Ghana to lend is threatening to stall one of Africa’s fastest expanding economies.

Zimbabwe opposition wants to join the rand

2018-06-08 06:15

Zimbabwe's coalition of opposition parties, the MDC Alliance, says it will join the Southern African Customs Union and the Multilateral Monetary Area if elected at the polls in July.

Zim parly talks tough after second Mugabe no-show amid missing diamond billions

2018-05-29 21:21

Zimbabwe's parliament says it will write ex-president Robert Mugabe a final letter to give evidence about the diamond sector in which $15bn went missing, after he ignored a summons for the second time.

Over 50% of companies in Africa victims of financial crime - report

2018-05-25 09:20

Africa has a higher percentage of companies affected by financial crimes than the global average, according a Thomson Reuters survey.

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