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Africa

The world's biggest black tea exporter's crop has been halved by drought

Apr 16 2019 21:30

Kenyan tea growers have sent half of their workers on leave or assigned them non-core duties due to a prolonged drought that’s halved production at leaf-processing factories.

Africa

Slow going at PIC inquiry as Holomisa and lawyer again square off

Apr 15 2019 20:55

"You are wasting your time – you are not going to get any concessions from me," the UDM leader replied to one question, as proceedings again moved forward at a snail's pace.

Africa

Land compensation: I am simply following the Constitution, says Zim president

Apr 14 2019 07:00

Zimbabwean president Emmerson Mnangagwa has dismissed claims by his critics and supporters that his government has sold out by agreeing to pay compensation to white former commercial farmers.

Currencies

Currency chaos that toppled Sudan's al-Bashir holds lesson for autocrats

Apr 12 2019 12:00

One of the root causes of the 75-year-old’s downfall was his inability to manage a shortage of foreign exchange that sent inflation soaring and hammered living standards.

Africa

Zimbabwe, Russia finalise deal for R55bn platinum mine

Apr 10 2019 15:31

Zimbabwe has signed an agreement with Russia to build a new platinum mine in the southern African country, finalising a deal that’s stalled since 2014.

Africa

White Zim farmers accept R238m interim payment for land compensation

Apr 08 2019 11:36

Former white commercial farmers in Zimbabwe who had their land expropriated under the fast track land reform programme in the early 2000's have accepted government's offer of an interim payment.

Africa

Namibia to keep rand peg, as load shedding spills over from SA

Apr 08 2019 11:21

The arid south-west African nation’s economy has partly been dragged down by anemic growth in South Africa and power shortages in that country have spilled over into Namibia, which imports electricity.

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Economy

Egypt on track to end fuel subsidies - IMF

Apr 07 2019 14:19

Egypt is on track to end subsidies on most fuels by June 15 as part of a reform programme led by the International Monetary Fund.

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