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Economy

Dec 28, 2015
The rift in President Robert Mugabe's Cabinet over the indigenisation policy escalated yesterday after Higher Education minister Jonathan Moyo leapt into the defence of Indigenisation minister Patrick Zhuwao following a…
Dec 27, 2015
The Central African Republic’s interim government has postponed its planned elections for three days citing administrative delays. The national parliamentary and presidential elections, originally planned for December 27, are now…
Dec 24, 2015
Botswana's economy shrank 3.7 percent in July-September compared with the previous three months as diamond and copper production plunged, its second quarterly contraction in a row and marking a technical…
Dec 23, 2015
President Muhammadu Buhari has been unveiling Nigeria's budget for 2016 as it grapples with falling oil revenue and a chronic Islamist insurgency. Buhari is aiming for growth of just above…
Dec 18, 2015
HARARE – 2015 could be aptly described as the year of the lion in Zimbabwe. After all, a lion that not many locals knew even existed but had a huge…
Dec 18, 2015
Nigeria's central bank advised commercial banks to limit how much customers can spend abroad using their debits cards, two executives said on Thursday, in the latest crackdown on dollar demand…
Dec 16, 2015
Nigeria’s crude oil production fell by 250,000 barrels per day (bpd) in November, making the country lose its status as Africa’s top oil producer to Angola, latest data from the…
Dec 15, 2015
Less than a day after his re-appointment as finance minister, Pravin Gordhan was already tightening the purse strings, saying the country would not spend money it doesn’t have. South Africa's…
Dec 13, 2015
The rand recovered almost 80c to the US dollar on Sunday evening following the appointment of former finance minister Pravin Gordhan in his old post. The move follows the the…
Dec 13, 2015
Zimbabwe is a country on standby, waiting for the end of an era. Many accuse 91-year-old President Robert Mugabe of having wrecked the economy, but he also commands respect –…
Dec 11, 2015
Swaziland’s growth has been recovering since the 2010‒11 fiscal crisis, albeit at a slower pace recently. Growth recovery following the fiscal crisis was broadly supported by the manufacturing and service…
Dec 10, 2015
Botswana's Finance Ministry has presented a supplementary budget to parliament, saying it needed an additional 1.34 billion pula ($123.28 million) for the 2015/16 financial year to fund measures to mitigate…
Dec 10, 2015
South Africa's rand weakened early on Thursday, edging towards the record low hit in the previous session when President Jacob Zuma removed Finance Minister Nhlanhla Nene. By 0601 GMT the…
Dec 07, 2015
Lake Chad has receded by 90 percent, from a surface area of 25,000km2 in 1963, to less than 2,500km2 a result of climate change. A water refilling project requires $14.5…

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