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South Africa to pursue land reform plans despite Pompeo criticism

20 Feb 2020 /  Paul Vecchiatto, Bloomberg   11
“Land reform is an essential part of inclusive growth,” Ramaphosa said

One in five cigarettes in Uganda may be counterfeit

20 Feb 2020 /  Fred Ojambo, Bloomberg   2
The company announced a 320-shilling dividend per share.

Stricken Air Zimbabwe fails to raise much-needed investment

20 Feb 2020 /  Ray Ndlovu and Godfrey Marawanyika, Bloomberg   4
'A process to solicit for a strategic partner or investor was undertaken, but none of the parties that expressed interest.'

World Bank approves $2.2bn for projects in Nigeria

19 Feb 2020 /  Tope Alake, Bloomberg    1
The funding will help alleviate poverty in the region, the World Bank says.

Power plant expansion boosts Congo Republic’s electricity supply

19 Feb 2020 /  Elie Smith, Bloomberg   
The Congolese electricity company has plans to acquire a fourth turbine, the energy minister says.

Absa Bank says almost 5m customers use Kenya mobile app

19 Feb 2020 /  George Obulutsa, Reuters  
Kenyan lenders have in recent years turned to technology.

Zim threatens to withdraw mining licences over unpaid fees

18 Feb 2020 /  MacDonald Dzirutwe, Reuters  
Mines minister says the government's owed at least 200 million Zimbabwe dollars in annual fees.

Citigroup expects debt sales to boost sub-Saharan African deals

18 Feb 2020 /  Eric Ombok, Bloomberg  
'We’re looking at a handful of sovereign mandates at the moment,'

Nigeria’s state oil company and partners spent $360mn on Delta cleanup -NNPC

18 Feb 2020 /  Tife Owolabi, Reuters  
In 2015 Shell accepted responsibility for operational faults that caused two spills in 2008.

IMF cuts Nigeria GDP forecast to 2% as coronavirus hits oil

18 Feb 2020 /  Alonso Soto, Bloomberg  
Africa’s top oil producer now needs a major policy overhaul to reduce growing vulnerabilities.

Zimbabwe central bank to settle $1.2bn of legacy debt

18 Feb 2020 /  Ray Ndlovu, Bloomberg   1
The southern African nation owes foreign entities, including airlines, and fuel and grain suppliers, about $2.6 billion in legacy debt.

Ghana is fast becoming frontier investors’ new best friend

17 Feb 2020 /  Moses Mozart Dzawu, Bloomberg   
The cedi is the best-performing currency in the world in 2020.

EU renews Zimbabwe arms embargo

17 Feb 2020 /  Desmond Kumbuka, Bloomberg    1
The EU will imabhowever, maintain a targeted assets-freeze against Zimbabwe Defence Industries.

Zimbabwe central bank leaves lending rates unchanged

17 Feb 2020 /  MacDonald Dzirutwe, writing by Mfuneko Toyana, Reuters   1
Amid the worst economic crisis in a decade.

Ghana fast becoming frontier investors’ new best friend

17 Feb 2020 /  Moses Mozart Dzawu, Bloomberg  
The cedi is the best-performing currency in the world in 2020.

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