Ex-CEO of failed Ellerines heading Zimbabwe’s Innscor

A former chief executive at failed South African furniture retailer Ellerines is now heading Zimbabwe’s largest fast food and retail group, Innscor Africa, but is having to shuttle between the two countries because he has no work permit.

African leaders abuse Chinese aid and channel to their home areas

China’s “no strings attached” aid is being abused by African leaders who channel the lion’s share of funds to their home areas, U.S.-led researchers found in the first geo-referenced database of Chinese aid to the world’s poorest continent.

Tiger Brands writes down value of Nigerian unit again

Tiger Brands Ltd, South Africa’s biggest consumer goods maker, took another write off charge at its money-losing Nigerian unit, it said on Wednesday, as it posted an 11 percent increase in full-year profit.

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