Category Archives: Economy

As Zimbabwe starves 1 million carats of Zimbabwe diamond go on display in Dubai

By Staff Reporter Close to a million carats of Zimbabwe diamonds are up for sale in Dubai this week, with authorities reportedly hoping to [...]

“Life in Kibera slump better than in KENSUP”-Kenya struggles to improve urban habitation

By Staff Reporter   In 2009, nearly 5,000 Kibera residents were relocated to the KENSUP Soweto East settlement, pictured here. However [...]

Victoria Falls airport ready for June 2015 #Zimbabwe

By Staff Reporter The Victoria Falls Airport  The $150 million refurbishment of the Victoria Falls International Airport will be completed [...]

Network against illicit financial flows launched in Zimbabwe

By Staff Reporter A coalition of civil society organizations in Zimbabwe has launched the Zimbabwe Network Against Illicit Financial Flows ( [...]

Maggot Meal Replaces Fish Meal?-Cape Town

By Staff Reporter Source: China Photos/Getty Images Insect larvae are the natural food of chickens and fish and their nutritional… Re [...]

Zimbabwe missed key SMP targets but progress satisfactory-IMF

By Staff Reporter A staff-monitored program is an informal and flexible instrument for dialogue between the Fund staff and a member country [...]

Is shale gas in South Africa’s future?

By Staff Reporter According to the US Energy Information Administration’s recent ‘World Shale Gas Resources’ report – South Africa i [...]

Zimbabwe ex-Mining Minister demanded $10m bribe?

By Staff Reporter Former Mining Minister Obert Mpofu has for a long time been accused of corruption by sources inside Zanu PF. Is the net cl [...]

In Sub-Saharan Africa, 60% of women work in agriculture sector

By Staff Reporter   More than 60% of employed women in Sub-Saharan Africa work in agriculture. But with limited access to land and the reso [...]

Algeria explores oil and gas in Tanzania

By Staff Reporter OPEC member and gas exporter Algeria is in advanced talks for a first deal to start oil and gas exploration in Tanzania. T [...]

Mugabe bans “Whites” from owning land in Zimbabwe

By Staff Reporter Mugabe nails the last in economy by declaring that Zimbabwe is  no country for whites to own land Robert Mugabe. Picture: [...]

South African economy expected to pick as mine workers return to work

Thousands of miners at South Africa’s biggest platinum mining firms have returned to work, a day after unions signed a wage deal to en [...]

Zimbabwean economy shedding 400 jobs every month

By Staff Reporter In 2010 economy was growing at near 11% but in 2014 the figures have been downgraded to 0.3%. IMF is worried that Harare m [...]

Zimbabwean-owned banks ditch Zanu PF Indigenisation policy

By Staff Reporter Banks owned by Zimbabwean are facing serious cash crisis and are prepared to defy Zanu PF Indigenisation policy on foreign [...]

These four energy projects could thrust Africa into the global green age

By Staff Reporter The World Bank estimates that 93% of Africa’s economically viable hydropower potential, a tenth of the world’s total, [...]

IMF visit paints a VERY “bleak”economic outlook in Zimbabwe

By Staff Reporter Summary On June 18, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultati [...]

Djibouti is on the verge of starvation

By Staff Reporter Quarter of Djibouti Population Desperate for Drought Aid – United Nations Nearly a quarter of the population in Djib [...]

UK closes Mombasa consulate over security concerns

By Staff Reporter Print PHOTO | AFP British tourists arrive at the Moi International Airport in Mombasa on May 16, 2014. The United Kingdom [...]

Zimbabwe lost $800 million diamond revenue ( 2008-12)

By Staff Reporter ZIMBABWE lost about $770 million in potential revenue between 2008 and 2012 through undervaluation and transfer pricing of [...]

Is Zimbabwe’s cash “crunch” political?

  By Francisca Sibanda Chamunokara NewsAfrica-Harare (Zim)-The abandoning of the Zimbabwe dollar and the adoption of a basket of region [...]

Zanu PF INDIGENISATION policy was always doomed to fail-Mwonzora

 Opinion By Douglas Togaraseyi Mwonzora Douglas Mwonzora is MDC-T National Spokesman Last week, Minister for Finance said something about Z [...]

Malawi’s new leader vows to end corruption

By Staff Reporter Photographer: Amos Gumulira/AFP/Getty Images Malawi’s newly elected president, Peter Mutharika, pledged to target 7.5 pe [...]

Zambia economic growth projected at 6.5% in 2014-IMF

By Staff Reporter An International Monetary Fund (IMF) team led by Byung Jang visited Lusaka during May 27–June 6 to review economic devel [...]

IMF approves $75.2 million disbursement to Côte d’Ivoire

By Staff Reporter Summary The Executive Board of the International Monetary Fund (IMF) today completed the fifth review of Côte d’Ivoire [...]

Benin-Real GDP growth rises to 5½ percent in 2014 for the third consecutive year

By Staff Reporter EXECUTIVE SUMMARY This last review of Benin’s ECF arrangement confirms the improved growth performance during the progra [...]

UK supermarket billionaire setting up investment vehicle for East Africa

By Staff Reporter British billionaire and philanthropist Lord David Sainsbury is set to launch an East Africa-focused high-impact investment [...]

AfDB convenes Zimbabwe debt solution in September

AFDB PRESIDENT, DONALD KABERUKA The African Development Bank (AfDB) will in September convene a debt resolution forum for Zimbabwe, as the s [...]

Illicit financial flows-Africa’s new imperialism?

By Staff Reporter Special Report The Relevance of Curtailing Illicit Financial Flows  The African Union Commission (AUC) has turned the spo [...]

Why is dotAfrica Important for the African Continent?

By Staff Reporter Ask any African…one of most vexing mistakes someone from the West can ever make is to assume that Africa is a country, y [...]

China invests deeper as they construct East African railway line

By Staff Reporter Chinese Premier Li Keqiang has wrapped up his three-day visit to Kenya while also ending a week-long trip to Africa. The l [...]
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