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Africa

Zimbabweans forking out for cash as crunch worsens

Sep 17 2019 21:02

Cash-starved Zimbabweans are forking out premiums as high as 55% to get cash on the black market in the troubled Southern African country, as liquidity shortages worsen.

    Africa

    Zambia may double electricity prices as drought slashes supply

    Sep 17 2019 16:23

    Zambia, Africa’s second-biggest copper producer, may double power tariffs as the government seeks more costly imports to offset a shortfall from its drought-stricken hydropower dams.

    Africa

    Zimbabwe's forex inflows fall just when they are needed most

    Sep 16 2019 10:48

    Zimbabwe's foreign currency inflows fell by a quarter for the six months to June 2019, as the country is needing to pay for key imports from fertilizers and maize to electricity.

    Africa

    'Life here goes backwards': Water crisis makes things even worse in Zimbabwe

    Sep 14 2019 11:00

    Trudging home along a dusty street in the Zimbabwean city of Bulawayo, Sikhathele Ndlovu balances a 20-litre bucket of water on her head, a ritual she’s performed daily for almost a decade. Persistent drought on top of existing faulty piping means there’s little prospect of an end to her back-breaking trek to the communal borehole.

    Africa

    IMF sees Namibia growing in 2020 after three-year contraction

    Sep 14 2019 10:00

    Namibia’s economy will return to growth in 2020 after contracting for three straight years, but a failure to implement structural reforms could keep the southwest African nation stuck in a low-growth trap, according to the International Monetary Fund.

    Africa

    Zimbabwe establishes monetary policy committee in stability bid

    Sep 11 2019 16:17

    The committee is a step toward setting a benchmark interest rate and introducing inflation targeting as Zimbabwe’s newly introduced currency plunges.

    Africa

    Zimbabwe holds diamond auction for 316 000 carats

    Sep 11 2019 11:37

    Zimbabwe’s state-owned Minerals Marketing Corporation will close the auction at the end of the week, an official has said.

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    Africa

    Climate change behind Zim's power problems – Energy Minister

    Sep 07 2019 07:00

    Zimbabwe Energy Minister Fortune Chasi says the country is looking to incorporate alternative energy sources for its Integrated Resources Plan, amid climate change challenges impacting its hydropower plant.

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