Zim annual inflation hits 540%

2020-03-16 18:37

After a yearlong hiatus, Zimbabwe has resumed the publication of year-on-year inflation figures, with the results showing a sharp increase since the last publication, at over 500%.

African free-trade deal on track despite coronavirus disruption

2020-03-12 11:55

The coronavirus outbreak is unlikely to scupper a 1 July target for the first commerce under an African-wide free-trade deal.

Zim food crisis worsens - but UN officials say there's no sign of the promised food aid

2020-01-25 13:03

Zimbabwe insists it’s prepared to deal with a deepening food crisis, but the United Nations says that so far there’s little evidence that enough corn is coming in to feed the drought-stricken nation’s 8.5 million people, nearly half the population, who are going hungry.

Migration, borders a challenge to African free trade - futurist

2020-01-19 14:22

The African Continental Free Trade Area will test the capacity for African leadership to build consensus in translating policy to practice, says a futurist.

West Africa monetary union to reform CFA franc, keep euro peg

2019-12-22 11:21

The West African Economic and Monetary Union has agreed with France to a number of changes to the CFA franc currency, says Ivory Coast's president.

UN: Zim needs US$293m for emergency food supplies as hunger worsens

2019-12-03 21:02

The United Nations, through its World Food Programme, plans to more than double the number of people it is feeding in Zimbabwe to 4.1 million by January 2020, it said on Tuesday.

Huge drop in US dollar value of Zim stock exchange impacts pension funds

2019-11-07 17:30

The Zimbabwe Stock Exchange has lost US$18bn worth of value since the country decided to drop a parity peg between the local currency and the US dollar.

Zimbabwe crisis: Cellphone tariffs double, petrol price jumps 12%

2019-10-30 13:17

The telecoms regulator hiked tariffs by 95% this week - after a 182% increase in August.

Africa's 6 wealthiest cities - and where to find the continent's billionaires

2019-10-09 06:01

SA grabbed the two top spots and Cairo, Egypt only came in third, although it is home to more dollar billionaires than any other African city.

New laws on the cards to regulate participation of foreigners in SA economy - report

2019-09-28 11:30

Government is working on developing legislation to regulate the participation of foreign nationals in the country.


UPDATE: Contractor, quarantined staff cleared of coronavirus, says Absa

2020-03-13 08:49

Absa introduced precautionary measures to prevent the spread of Covid-19 at its headquarters in Johannesburg, after a contractor from Spain displayed "flu-like" symptoms.

Low Zim maize seed sales point to another poor harvest

2020-02-04 21:56

Zimbabwe could be heading for another poor harvest after the country's biggest maize seed producer SeedCo said it had recorded a drop in sales.

More energy woes for Zim after floods at key power plant

2020-01-20 20:33

Heavy rains have battered Zimbabwe's Hwange district, flooding coal mines and the country's biggest thermal power station raising fears that the country might experience increased power cuts this coming week.

WATCH: Zimbabwe blackouts affecting jobs, manufacturing

2019-12-23 20:45

Millions of people in Zimbabwe have been living with severe power cuts for months, affecting services and jobs, while pushing the economy to brink of collapse.

Zim inflation sheds over 21 percentage points in November

2019-12-17 20:33

Zimbabwe's monthly inflation stood at 17.46% in November, shedding 21.29 percentage points on the October 2019 rate of 38.75%, according to ZimStat.

Mozambique economy set to bounce back in 2020 - IMF

2019-11-14 22:05

Mozambique's economy is on track for a "strong rebound" in 2020, the International Monetary Fund said on Wednesday, as it urged the government to ensure an expected gas boom benefits all citizens.

Millions of Zimbabweans in need of food as worst regional drought in almost 40 years hit

2019-10-31 20:15

About half of the Zimbabwe’s 14 million people lack reliable access to enough food as a result of the worst regional drought in almost 40 years, according to the Finance Minister Mthuli Ncube.

New Africa-Scotland business network launched

2019-10-26 12:50

A new Africa-Scotland business network with support from business and government is launching in Cape Town in November.

WATCH: Kenya's Central Bank says R1bn of its old banknotes are 'worthless paper'

2019-10-03 21:31

Nearly 210 million old 1 000 shilling notes has been returned, the central bank announced. This means 7.3bn shillings (just over R1bn) became worthless pieces of paper, bank governor Patrick Njoroge said.

R45bn in bailouts later, Ghana power deals risk new debt headache

2019-09-19 08:31

After issuing more than 17 billion cedis (around R45bn) in bonds over the past two years to bail out banks and repay energy arrears, Ghana faces a new debt risk.

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