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Africa

Zim court declares conversion of US dollar bank balances to local currency invalid, 'offensive'

May 14 2020 20:22

Old Mutual-owned CABS bank must cough up after the Harare High Court found it "offensive to justice" that customers could find their savings have been converted to a fraction of their original worth from one day to the next.

Africa

Lockdown | African governments must balance saving lives and preserving economies

May 07 2020 15:31

The African Union Development Agency says countries should think about how they choose the lesser of the two evils because strict lockdowns have severe consequences.

Africa

WATCH: Nigeria's booming local oil sector under siege

May 07 2020 08:31

Nigeria has overseen a huge growth of locally-owned and managed companies in its oil sector - but lower prices and the new coronavirus are threatening the transformation.

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Africa

Locked out of aid, Zimbabwe begs IMF and World Bank for help

May 04 2020 09:15

Zimbabwe, locked out of coronavirus-related aid programs because of debt arrears, has thrown itself at the mercy of organisations including the International Monetary Fund. It has received no response.

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