Africa economy | Fin24

Transnet’s $400m Zim railway investment deal cancelled

Oct 17 2019 15:13

Zimbabwe has cancelled a US$400m investment deal for the National Railways of Zimbabwe, which had been awarded to a consortium that included South Africa's Transnet and the Diaspora Infrastructure Development Group.  


Son of Mozambican ex-president demanded R180m in bribes to buy house in France for prostitute, US court hears

Oct 17 2019 08:01

Former Credit Suisse Group AG banker Andrew Pearse told a jury in New York, that he pocketed at least $45 million (R650m) in illicit payments for his role in the arrangement of loans worth $2 billion to companies in Mozambique.


'Time is against us': Address failed attempts at infrastructure development, urges Mbalula

Oct 17 2019 06:00

Time is of the essence in addressing infrastructure development in Africa and it is time to admit the way things have been done to date has not really worked, says Minister Fikile Mbalula.


IMF predicts Zim economy will shrink 7.1% in 2019

Oct 16 2019 19:01

In its first contraction since 2008, Zimbabwe’s economy will fall by 7.1% in 2019, according to the latest forecast by the International Monetary Fund released on Tuesday.


Eskom's load shedding extends to Zim

Oct 16 2019 13:30

Eskom's load shedding schedule announced on Wednesday will extend to Zimbabwe, the country's power utility ZETDC has said.


Botswana defends elephant hunts

Oct 15 2019 21:03

Botswana’s decision to reintroduce elephant hunting was necessary to protect its people and environment, and hasn’t adversely affected the $2 billion tourism industry, according to Investment, Trade and Industry Minister Joy Kenewendo.


Zimbabwe doctors defy court, enter 43rd day of strike

Oct 14 2019 21:03

Striking Zimbabwe doctors on Monday defied a court order to return to work, saying a pay rise offered by the government failed to meet everyday costs.



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Struggling power utility Eskom will take centre stage at this year's mini budget

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