By Wellington Makonese An Algerian Pan African Parliament, PAP, Delegation is in the country and has pledged to enhance diplomatic ties. The Algerian PAP delegation is led by Mr Abdelmadjid…
Tag: Africa
Lenders urged to cancel Zambia debt as country faces economic collapse
MORE than 100 economists and academics have urged international lenders to crisis-stricken Zambia to write off a significant slice of their loans during financial restructuring talks this month. Zambia is…
Angola Tops Nigeria as Africa’s Biggest Oil Producer in August
BLOOMBERG – Nigeria lost its crown as Africa’s largest crude producer as Angola surpassed the country for the first time in more than five years. Angola’s average daily output in…
Rwandan tycoon in Zim
By Owen Mandovha One of Rwanda’s richest persons, Robert Bafakulera, is leading a delegation of business people attending the Confederation of Zimbabwe Industry’s annual congress to be held in Victoria…
South African rand falls as dollar surges on Fed rate hike forecasts
THE South African rand weakened further on Friday, dragged down by a stronger dollar as Federal Reserve officials continued to talk up the need for further interest rate hikes. At…
SA: Reserve Bank needs to take drastic action as inflation rises higher than expected
ECONOMIST Doctor Azar Jammine says the South African Reserve Bank needs to take drastic action as inflation rises higher than it wants it to be. The bank’s Monetary Policy Committee…
Zimtrade Invades United Kingdom and Ghana markets
By Davison Vandira The country’s export promotion body, ZimTrade, has invaded the United Kingdom and Ghanaian markets with local companies getting positive feedback for potential export deals. In line with…
Visiting Mozambican delegation to sign MOU for INSTAK project
By Admire Huni HEAD of the visiting Mozambican delegation, which is in Harare for a tour of the Liberation City, Josefina Mpelo, says the Museum of African Liberation will further…
Zim wallops Namibia to end the Rugby Africa Cup women in style
By Lawrence Trusida, Sport Editor THE Zimbabwe women’s fifteens rugby side, the Lady Sables, bounced back from last week’s humbling defeat by the Springboks of South Africa in emphatic fashion…
Businesses crippled by soaring cooking oil prices
SMALL businesses in Gauteng say they are suffocating over the increasing cost of oil and margarine. Over the last 12 weeks, the price of oil alone has almost doubled leaving…