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Africa

Zimbabwe has a plan to end 20-year standoff with creditors

Aug 17 2019 13:07

Zimbabwe’s government has said it’s ready to settle with global lenders, sell assets and make the difficult spending decisions needed for financial recovery. But with opposition protests against plunging living standards scheduled in cities nationwide, he’s in a race against time.

Africa

Namibia follows South Africa rate cut to boost shrinking economy

Aug 14 2019 21:55

Namibia’s central bank cut its benchmark interest rate for the first time in two years as it seeks to boost the economy and maintain its currency’s peg to the South African rand.

Africa

Eskom power supply brings relief to Zimbabwe

Aug 14 2019 20:36

Electricity supply in Zimbabwe has improved significantly following the southern African country's agreement to import power from Eskom.

Africa

Ramaphosa, Buhari to meet in October for talks

Aug 11 2019 15:01

Nigerian President Muhammadu Buhari will meet with President Cyril Ramaphosa in October for talks on trade and the security of citizens, Nigeria's presidency said.

Africa

Mozambique indicts 20 people over $2bn hidden-debt scandal

Aug 10 2019 15:14

Mozambique charged 20 people, including the son of former President Armando Guebuza, over a fraud scam in which state-owned companies contracted $2bn in debt for dubious projects.

Africa

Zimbabwean banks plan to fight $100m Paynet lawsuit

Aug 08 2019 09:43

Zimbabwean banks intend to fight a $100m lawsuit brought by Cambria Africa's units in the country following a dispute over payments, court filings show.

Africa

Zim says it has reached 400MW a week deal with Eskom

Aug 06 2019 21:30

The Zimbabwean government says it has reached an agreement with South Africa’s state-owned power utility Eskom for the supply of 400MW of electricity, starting this week.

Africa

'Like a miracle': Poo powering Kenya's modern farmers

Aug 06 2019 19:55

In 35 years working the land, Kenyan farmer Josphat Muchiri Njonge has never seen his coffee shrubs burst with so much fruit on his verdant hillside plot outside bustling Nairobi.

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