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LATEST Africa  

Empty pockets and empty tummies

27 Oct 2020 /  Cathy Buckle   11
Zimbabwe has been impoverished after incomes and savings lost 85% of their value. Sanctions didn't do this.

Zimbabwe collects revenue over target in third quarter

25 Oct 2020 /  Godfrey Marawanyika, Bloomberg   1
Monetary policy interventions inflated the amounts to be collected.

African countries need reliable and accessible economic data

25 Oct 2020 /  Misheck Mutize  
Recent ratings show why.

Zambia’s missed Eurobond payment prompts default call by S&P

22 Oct 2020 /  Taonga Clifford Mitimingi and Matthew Hill, Bloomberg   1
The action is the latest blow to Africa’s second-biggest copper producer.

Botswana approaches World Bank for budgetary support

22 Oct 2020 /  Brian Benza, Reuters  
After the coronavirus crisis hurt revenue, Finance Minister Thapelo Matsheka said.

Africa to fall behind world growth as region faces slow recovery

22 Oct 2020 /  Alonso Soto, Bloomberg   1
Gross domestic product in the region is projected to expand 3.1% next year.

Investors throw Zambia lifeline

21 Oct 2020 /  Matthew Hill and Taonga Clifford Mitimingi, Bloomberg  
With time short to avoid default.

Botswana sees 7.7 % growth in 2021 on diamond industry recovery

20 Oct 2020 /  Brian Benza, Reuters   1
Recent months have seen a robust recovery in the international industry - finance minister.

Netflix turns to telecoms tie-ups in challenging African markets

20 Oct 2020 /  Duncan Miriri, Reuters   1
It already has partnerships with Vodacom and Telkom South Africa.

Zambia’s debt-relief vote sets tone for stormy restructuring

20 Oct 2020 /  Bloomberg News    1
Debt referral vote approaches.

Zambia heads to showdown with bondholders

19 Oct 2020 /  Matthew Hill, Bloomberg   1
Could become first African nation to default since the onset of the coronavirus.

New currency notes gets 1m Ethiopians into banking system

19 Oct 2020 /  Samuel Gebre and Simon Marks, Bloomberg  
In an attempt to deter cash hoarding that enables corruption and illegal trading to thrive, and escapes the tax net.

Zimbabwe sees economy expanding in 2021

16 Oct 2020 /  Ray Ndlovu and Godfrey Marawanyika, Bloomberg   3
On waning virus impact.

Zimbabwe expects inflation to slow to 134% this year -finmin

UPDATE
16 Oct 2020 /  Nelson Banya, Reuters  
Zimbabwe is grappling with its worst economic crisis in more than a decade.
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