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Economy

Currency ‘dislocation’ stalling African buyouts

Jun 23 2016 19:11

Volatile currencies and weaker commodity prices are keeping private equity investors focused on sub-Saharan Africa on the sidelines.

Economy

Zim poses high risk for trade and investment - survey

Jun 23 2016 11:16

Zimbabwe has been ranked 31st out of 53 African countries in an index, as corruption, weak rule of law and investment restrictions make it unattractive for foreign firms.

Economy

Zim minister gets $200K car without approval

Jun 22 2016 19:15

Zimbabwean parastatals and ministries are bleeding scarce financial resources through inadequate budgetary controls, says the auditor general.

Economy

Drought-hit Zim restricts imports to stem dollar outflow

Jun 22 2016 18:15

Zimbabwe has imposed restrictions on imports of a list of basic goods, mainly from South Africa, to protect local industries and stem an outflow of scarce dollars.

Economy

CT summit showcases African real estate

Jun 17 2016 18:42

Kigali, Lusaka and Dar es Salaam are open for business and will showcase their future land and development plans at the African Real Estate Summit in Cape Town.

Economy

African nations may curtail bond sales amid US policy tightening

Jun 16 2016 21:14

African governments could curtail foreign-currency bond sales because US policy tightening may make it pricier to pay back those debts, says the African Development Bank.

Economy

Over 41 million face hunger in Sadc region due to drought

Jun 16 2016 16:22

More than 41.4 million in the Southern African Development Community are food insecure and about half of them need urgent help after the worst regional drought in 35 years.

Economy

IMF tackles Mozambique debt crisis

Jun 15 2016 20:00

An IMF team has arrived in Mozambique to try to find a way out of a debt crisis that is crippling the economy of one of the world's poorest countries.

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Africa

Nigeria to loan cash-strapped states $435m

Jun 15 2016 18:35

Nigeria's government will loan its states a total of $453m in its latest effort to augment their monthly income and ease strain caused by plunging oil revenues.

Financial Services

Banks that lured Bob Diamond to Africa stumble

Jun 12 2016 18:46

Trouble is brewing in banks across sub-Saharan Africa, once so lauded as the next big investment destination that it lured the likes of ex-Barclays CEO Bob Diamond.

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