Zimbabwe: Latest News
Dana Sanchez, 5:12 pm
Customers of the eTranzact mobile money platform will now be able to interact with Western Union on their mobile phones, receiving Western Union mobile money transfers from 23 sender countries. Nigeria has a mobile phone penetration rate of 70.64 percent.
Dana Sanchez, 2:17 pm
As international business people flock to the Democratic Republic of the Congo, at least six more “decent” hotels have been built in the capital, and many more are in the works, ranging from luxurious to basic.
Jeffrey Cavanaugh, 8:52 am
As frontier markets, the countries of Africa represent tremendous opportunities and tremendous risks. On the risk side of the ledger are all the usual complications of international trade and investment compounded by the problems inherent in a developing, emerging continental market of 54 countries and 1.1 billion people – it’s a lot to keep track of.
In Mozambique, Fitch Ratings raised its valuation of that country’s debt to B+ from B due to Mozambique’s relatively low inflation and above-average growth prospects.
Makula Dunbar, 11:50 am
Zimbabwe’s Movement for Democratic Change (MDC) has filed a legal challenge to Robert Mugabe’s victory in last week’s presidential elections.
Dana Sanchez, 10:47 am
South Africa, Egypt, Sudan and Swaziland are among the 10 slowest-growing countries in Africa. Sierra Leone, Angola, Zambia and Mozambique are among the fastest,
Dana Sanchez, 3:01 pm
Goodyear has had a presence in Mozambique for more than 25 years and wants to expand there based on the country’s double-digit gross domestic product growth.
Dana Sanchez, 12:53 pm
Mugabe’s ZANU-PF party promises to move ahead with a black empowerment program and take control of the remaining 1,138 foreign and white-owned companies in Zimbabwe. It says it will also target the local subsidiaries of large international banks that have foreign shareholders.
Dana Sanchez, 12:10 pm
There has been a steady increase in inquiries across the continent for personal remittances in yuan by Chinese employees working in Africa who need to send a portion of their salaries home.
Ann Brown, 3:00 pm
From Reuters A disputed election victory by Zimbabwean President Robert Mugabe’s ZANU-PF threatens a fragile economic recovery as the party warned it would speed up a drive to seize majority stakes in foreign firms. But the win also offers Mugabe’s party an opportunity to mend ties with foreign donors that have suspended support over policy […]
Dana Sanchez, 3:41 pm
In 2012, East Africa had a deficit in corn production. This year, thanks to plenty of rain, it is expecting a surplus, according to a report in CoastWeek. Increased corn production in Uganda and Tanzania will boost supply beyond local demand, Eastern African Grain Council Executive Director Gerald Masila told journalists in Nairobi during the launch […]
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