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Africa

'Open for business' Zimbabwe has little to show for $27 billion

May 22 2019 12:24

When Emmerson Mnangagwa took over the leadership of Zimbabwe from Robert Mugabe in November 2017, he promised to revive the moribund economy and adopted a mantra he’s repeated regularly ever since - 'Zimbabwe is open for business'.

Economy

Fuel in Zimbabwe will now cost over R20 a litre

May 21 2019 11:53

Zimbabwe has announced a massive fuel price hike after the country's central bank said it would no longer provide fuel dealers with funding for petrol and diesel.

Africa

Nigeria keen to join Africa free trade zone, trade minister says

May 22 2019 05:02

Nigeria will sign the Africa Continental Free Trade Agreement as soon as President Muhammadu Buhari approves an impact-assessment report he asked for, the country’s trade minister has said.

Economy

Zimbabwe to subsidise public transport as inflation accelerates

May 21 2019 07:45

The measure is introduced as the central bank and finance ministry injected $500 million to improve the liquidity of the foreign-exchange interbank market.

Africa

Zimbabwe to supply interbank market with $500m on Monday

May 19 2019 08:28

Zimbabwe will supply the interbank foreign exchange market with $500m on Monday as its tries to resuscitate a currency trading system implemented in February that’s been plagued by a lack of liquidity

Economy

Angola is back – African Energy Chamber official

May 18 2019 14:50

Reforms Angola has done since 2017 will have implications for decades to come, says the new country head for Angola of the African Energy Chamber.

Economy

New energy minister for Zimbabwe as load shedding continues

May 15 2019 11:02

Zimbabwe started implementing load shedding on Monday, given low water levels at the Kariba Dam's hydroelectric power plant, generation constraints at local power stations and limited foreign imports.

Economy

Zim looks to SA's Eskom to help stave off load shedding

May 12 2019 15:02

Zimbabwe will turn to electricity imports from South Africa and Mozambique to ensure that the country does not resort to load shedding following a significant reduction of power generation from its anchor power station Kariba Dam.

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Africa

WATCH: Female lorry drivers change gear in Ghana

May 01 2019 13:20

Rumbling along the rutted roads of Ghana at the wheel of her giant truck, Abigail Asumadu-Amoah turns heads but keeps her focus. She is one of 21 drivers working for Ladybird Logistics, which employs only female drivers.

Economy

SA aviation 'punching below its weight' - IATA

Apr 27 2019 10:04

If the process of creating open skies for aviation in Africa is delayed because individual countries just sit and wait for each other to start implementing the process first, then aviation on the continent will be at risk of falling behind, says an expert.

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