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Property

Mara Delta to invest $110m more on property in Mozambique

Mozambique purchase of patrol boats with a loan meant for a new fleet of tuna fishing boats and an attempt to restructure the loan has plunged the transaction into a multimillion-dollar international controversy. Picture: JEREMY GLYN

It will acquire four more properties and the second stage development of its Anadarko building, adding to a $160m investment in six commercial properties since 2014

African News

Nearly 300,000 Libyan children not at school

Picture: THINKSTOCK

The UN warns schools in Libya are either too badly damaged in the fighting or have been commandeered as refugee centres

African Business

Debmarine takes possession of new mining and exploration vessel

CRAWLER: Domingos Valbom with the MV Mafuta of De Beers Marine Namibia in dry dock. Picture: DE BEERS

The R2.3bn SS Nujoma is 113 metres long and is the ‘most sophisticated diamond sampling and exploration vessel in the world’

Opinion

ON THE MONEY: Road to IMF intervention beckons

The return of the IMF in Africa could well reach its southern extreme

Opinion

Rich tribute to one of Africa’s intellectual giants

The late Kenyan intellectual Ali Mazrui insisted Africa is central, and not peripheral, to world politics

African Business

Randgold sets aside $70m for Massawa feasibility studies

Picture: ARDBEL

A lack of reliable power hinders Randgold Resources’ feasibility studies at major gold deposits in eastern Senegal

African Business

Nigeria to extend its lead over SA as sub-Saharan Africa’s largest economy

Picture: ISTOCK

But when measured by per capita gross domestic product, individual South Africans will remain richer than their Nigerian counterparts

African News

Action needed to avert Africa foreign debt crisis, says report

Picture: ISTOCK

UN report says while Africa's debt is still manageable action is needed to avoid a recurrence of the crisis of the late 1980s and the 1990s

African News

War veterans round on Robert Mugabe, brand him a dictator

Zimbabwean President Robert Mugabe addresses a crowd at Heroes Acre in Harare, Zimbabwe, on Tuesday. Picture:  REUTERS/PHILIMON BULAWAYO

The ageing Zimbabwean president has lost a stalwart support base after a veterans’ association says it will no longer support Zanu (PF) at the polls

Zimbabwean President Robert Mugabe. Picture: REUTERS

NEWS ANALYSIS: War veterans spell bad news for Mugabe

Zimbabwe is slipping deeper and deeper into an economic crisis that could reconfigure its political landscape, writes Ray Ndlovu

African Business

Strong operations in West Africa lift Shoprite results

Picture: BLOOMBERG/WALDO SWIEGERS

Shoprite beats poor infrusturcture and red tape to report a 33% rise in sales in its non-South African operations

Opinion & Analysis

Zimbabwe should adopt rand to avoid economic collapse

Picture: THINKSTOCK

SA and regional partners should pre-emptively offer Zimbabwe access to the Common Monetary Area and SACU, writes Benjamin Cronin

Labour

Companies face myriad labour laws on moving into Africa

Picture: ISTOCK

The lack of a single labour regulatory framework for Africa means companies must comply with a multiplicity of laws, says expert

Africa

Tanzania gets China loan to build regional railway link

Picture: ISTOCK

Tanzania wants to upgrade railways and roads to serve growing economies in the landlocked region

African Business

Without farm title deeds, banks are still saying no to Zimbabwe’s farmers

Picture: THINKSTOCK

Even though the government moved in 2006 to offer 99-year land leases to some farmers, banks refuse to recognise these as secure collateral for loans

Companies

Opera wins major market share in SA and rest of Africa

Picture: BLOOMBERG/BALINT PORNECZE

Chinese majority-owned Opera has captured more than 60% of South African market share

Opinion

East Africa has a lesson for SADC in formalising cross-border trade

Trucks queue at Beitbridge border post. Picture: SOWETAN

Some countries cater expressly for small-scale traders at their borders, by providing information officers to help them with procedures

Zimbabwean President Robert Mugabe. Picture: REUTERS

Copying North Korea is Mugabe’s folly

There are many parallels between Harare and Pyongyang — isolation, sanctions, food insecurity, beggared economies, and a rabid hate of the West — and both are propped up by their wealthier neighbours, writes Rob Attwell

African Business

Zim delays payment of soldiers yet again

DOUBLING UP: Reserve Bank of Zimbabwe governor John Mangudya. The central bank had to increase its purchases of dollars to $40m a month, the governor said in May. Picture: REUTERS/PHILIMON BULAWAYO

Zimbabwe will pay July salaries for the army on Monday but teachers will receive their wages only in August

African Business

Nigerian economy likely to contract as weak oil price hits home

Central Bank Of Nigeria. Picture: REUTERS/AKINTUNDE AKINLEYE

IMF slashes Nigerian growth forecast, saying a combination of plunging oil revenues and weakened investor confidence will push the country into recession

African News

Only our citizens can create the Zimbabwe we dream of, says Evan Mawarire

Evan Mawarire. Picture: SUPPLIED

The Zimbabwean pastor behind the biggest protests against President Robert Mugabe in a decade was in SA on Monday

African News

Mugabe says activist pastor funded by foreign states

Zimbabwean President Robert Mugabe. Picture: REUTERS

Pastor Evan Mawarire, who was behind anti-government protests earlier this month, was arrested and charged with treason but a court threw out the charges

African News

Zuma urges African leaders to help South Sudan find solution to conflict

South Sudanese policemen and soldiers stand guard along a street following renewed fighting in South Sudan's capital Juba, on Sunday. Picture: REUTERS

A shaky ceasefire has held in South Sudan since late on Monday after fighting raged for four days in the capital Juba‚ forcing 40,000 people to flee their homes

African News

East African Community dithers on trade deal with EU

Kenyan President Uhuru Kenyatta and UN Secretary General Ban Ki-moon attend the official opening of the 14th Session of UN Conference on Trade and Development in Nairobi, Kenya, on Sunday. Picture: EPA/DANIEL IRUNGU

Kenya could lose all its preferential access to the European Union if the Economic Partnership Agreement is not signed by October 1

African News

Zimbabwean soldiers not paid on time again

Zimbabwe’s economic woes show no sign of abating as the unemployment rate remains at more than 80%, fuelling resentment against President Robert Mugabe’s government. Picture: REUTERS

The cash-strapped government, which spends more than 80% of its revenue on wages, has resorted to staggering pay dates as it scrapes the bottom of its coffers

Africa

Brexit threatens East African cohesion as Kenya mulls go-it-alone trade deal

Kenyan Foreign Affairs Cabinet Secretary Amina Mohamed in Nairobi, December 15, 2015. Picture: REUTERS/NOOR KHAMIS

Tanzania has expressed reluctance to sign a deal with the EU after the outcome of the UK referendum

Land & Agriculture

Mobile operators help African farmers with advice and managing their admin

Picture: ISTOCK

Farmers can get advice on any queries related to crop and livestock, and in terms of market information, they can trace production trends and expected harvests

National

AU to cost SA an extra R2.2bn

African Union member states to contribute 0.2% of their trade revenue under new funding model

African Business

Small-scale cobalt miners hew out a rough living in Congo

Artisanal miners work at Tilwezembe, a former industrial copper-cobalt mine, outside  Kolwezi, the capital city of Lualaba province in the south of the Democratic Republic of the Congo. Picture: REUTERS/KENNY KATOMBE

Government gives co-ops land to work but well-resourced foreign investors are the main beneficiaries, writes Aaron Ross

Standard Bank

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