LUSAKA - Zambia's Bond and Derivatives Exchange is set to begin trading in its first product on November 5 after it signed on three clearing members, chief executive officer Allan Thomson said.Zambia ...
The Southern African Development Community plans to form a development bank with seed capital of $1.2 billion to provide financial support for regional infrastructure projects, it has been learnt. Spe...
Mobile broadband is the fastest growing technology in human history, according to the 2013 edition of the ITU’s State of Broadband Report which was released on 21 September.Released in New York at t...
JOHANNESBURG - MTN has been recognised as the best African brand in a ranking of the continent's most admired and valuable brands by Brand Africa.The Brand Africa 100 award for the Most Admired and Va...
ABOUT a trillion US dollars will be spent on investments using cement in South Africa, Zambia and Zimbabwe between this year and 2018, according to market research house Frost and Sullivan.South Afric...
Nairobi - Security worries are nothing new in Kenya and so the country is unlikely to see long-term investors pull money out after the deadly attack on a Nairobi shopping mall, analysts say.However, t...
Nairobi - Kenya wants to host a clearing house for China's yuan currency - a bold African first that would deepen the continent's ties with Beijing, already a big investor from The Cape to Cairo.Such...
Johannesburg - The South African banking system remains stable and well-positioned, despite international headwinds, a major professional services firm reported on Wednesday."Notwithstanding some int...
JOHANNESBURG - South Africa is open to amending a controversial mining bill that has alarmed the industry at a time when mining companies are already battling on several fronts, government members hav...
Johannesburg - Consumer inflation in South Africa accelerated to 6.4% year-on-year in August from 6.3% in July, data showed on Wednesday.Economists had expected year-on-year inflation of 6.45%.On a mo...
Individual South Africans have committed more than R25 million to retail investment in sub-Saharan Africa, says Illovo-based Imara S.P. Reid Stockbrokers, believed to be the first firm to create an in...
The project is to be implemented in the country's three main islands (Grande Comore, Anjouan and Mohéli)TUNIS, Tunisia - The Comoros Energy Sector Support Project will receive grants totaling US $20....
LAGOS - Nigerian President Goodluck Jonathan has sacked nine ministers in his first major cabinet reshuffle since winning an election more than two years ago, a presidency spokesman said on Wednesday....
JOHANNESBURG - PETROCHEMICALS company Sasol has yet to make a decision on whether to proceed with investments in developing two commercial oil and gas fields in Mozambique.Group CEO David Constable sa...
Johannesburg -The Chamber of Mines said on Wednesday that wage settlements in the gold sector would amount to R1.5bn in extra costs for companies over the next 12 months.Companies and unions agreed to...
Angola - South African-based Spar Group has announced that it will join forces with an Angolan company to open a store in the country's capital, Luanda, within the next six months.Spar Group finance d...
Pretoria - South Africa's current account deficit widened more than expected to 6.5% of GDP in the second quarter of 2013 from 5.8% in the first quarter as the trade gap rose substantially, the Reser...
JOHANNESBURG - Some striking South African gold mine workers have accepted a new wage offer from producers and started returning to work Friday, a union leader said.National Union of Mineworkers (NUM...
Zimbabwe, together with other Southern African Development Community countries, is working on a framework that seeks to comprehensively address labour migration and migration management in the region....
Johannesburg - Most gold mines have been severely affected by the sector strike, the Chamber of Mines said on Wednesday.Gold producers' representative spokesperson Charmane Russell said fewer than 20%...
Zambia's statistics agency estimates that a re-basing exercise later this year will show that the country's US$20,7 billion economy is a fifth bigger than currently measured as its mining industry has...
RONINGEN - If National Union of Mineworkers spokesman, Lesiba Seshoka is to be believed, the gold sector strike that begins this evening could last a great deal longer than most people are expecting."...
JOHANNESBURG - The ongoing strike by South Africa's 30 000 automobile industry workers will heavily impact on the Southern African Development Community member states who benefit from the country's bu...
Johannesburg - South African stocks hit record highs for the third straight trading session on Tuesday, edging up as the weaker rand currency helped to lift battered stocks like Impala Platinum (Impla...
Pretoria - South Africa's economic growth quickened to 3.0% quarter-on-quarter in the second quarter of 2013, compared with 0.9% in the first quarter, Statistics South Africa said on Tuesday.On an un...
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