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LATEST Africa  

CEO of world’s biggest wealth fund turns to Africa for profits

16 Apr 2015 /  Saleha Mohsin, Bloomberg  
Norway’s sovereign-wealth fund is pouring a bigger share of its cash into Africa.

Stage 3 load shedding on further capacity shortage

15 Apr 2015 /  Antoinette Slabbert  
Min Brown apologises, but adds we are “not near blackout”

Illovo warns of lower profits

15 Apr 2015 /  Reuters  
Low sugar prices, drought to blame.

Zambia sets mining royalties at 9% – presidency source

14 Apr 2015 /  Reuters  
'We are reverting to the 2014 mining tax regime'.

Emerald centre in Zambia may boost supply by 30% – Gemfields

10 Apr 2015 /  Matthew Hill, Bloomberg  
Many of Zambia’s emeralds end up on the illegal market and are smuggled out of the country.

Botswana-De Beers diamond firm to cap output

9 Apr 2015 /  Reuters  
As demand for the precious stone wanes.

Zim seeks SA bank loans to help ease crunch

9 Apr 2015 /  Amogelang Mbatha, Bloomberg   5
Zimbabwe President Robert Mugabe is currently on his first state visit to South Africa in 21 years.

MTN said to start purchase of Nigeria’s Visafone

9 Apr 2015 /  Bloomberg News  
As the group seeks to expand in Nigeria - its largest market.

Mugabe defends majority ownership plan in foreign firms

8 Apr 2015 /  Joe Brock and Tendai Dube, Reuters   1
Says investors must pay for exploiting Africa's mineral wealth.

Bulawayo to borrow from AfDB

8 Apr 2015 /  Brian Latham, Bloomberg  
For Bulawayo water upgrades.

Zimbabwe urged to seek ‘vibrant’ markets for elephant exports

8 Apr 2015 /  Godfrey Marawanyika, Bloomberg  
To avoid having to cull the animals.

Zimbabwe inflation seen remaining below 0% in 2015

7 Apr 2015 /    
Due to tight liquidity and a weakening rand.

Russian industrial giant looks to Africa to boost exports

7 Apr 2015 /  Reuters  
As sanctions drive Russian firms to hunt for new markets.

All eyes on Nigeria’s new president

7 Apr 2015 /  Tumisang Ndlovu  
The jury is out on his economic plans.

Lafarge sees beyond rival Dangote’s Zambia entry to Congo demand

7 Apr 2015 /  Matthew Hill, Bloomberg  
Lafarge Zambia Plc will begin work on a $217m cement plant this year.
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