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Business
Global banks HSBC, UBS close Nigeria offices, foreign investment falls
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LAGOS - HSBC and UBS have closed their offices in Nigeria, the country’s central bank said in a report on Friday as…
Australia’s Invictus denies it has found oil, gas deposits in Zimbabwe
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Harare - Australian-listed Invictus Energy said on Friday it had not found oil and gas deposits in northern…
Uganda to finalise China loan for new railway by year-end
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KAMPALA -Uganda said on Friday it expects to finalise a $2.2 billion loan deal with China’s Exim bank by the end of…
Zambia power system glitch cuts electricity supply to some mines
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LUSAKA - Power supply to some mines in Africa’s second-biggest copper producer was cut due to a technical fault,…
South Africa’s Finance Minister Tito Mboweni says state airline should be…
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JOHANNESBURG- South Africa’s new Finance Minister Tito Mboweni said on Thursday that struggling state-run South…
South Africa’s rand firms against the dollar
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JOHANNESBURG. — South Africa’s rand firmed against the dollar in early trade yesterday, as investors awaited third…
Tanzania plans to revoke ownership of undeveloped sisal farms: minister
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DAR ES SALAAM. — A Tanzanian government senior official on Sunday directed the Tanzania Sisal Board (TSB) to assess…
Zimbabwe’s 2018 budget deficit seen at 11.1 percent of GDP
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HARARE - Zimbabwe’s budget deficit will more than double to 11.1 percent of gross domestic product this year from…
Huge emerald found in Zambia
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LUSAKA. – Kagem Mining has discovered an exceptionally rare high quality 5,655 carat (1.13 kg) emerald crystal at…
Kenya Airways plane finally touches down in New York
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NAIROBI/NEW YORK. – The maiden Kenya Airways direct flight from Nairobi to New York ended at about 2.51pm on Monday…
Referendum rejects part-built $14bn airport project
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MEXICO CITY. – Mexicans voted to scrap the construction of a part-built multibillion-dollar airport near the…