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Africa is home to seven of the 10 fastest growing economies globally. This section of Biznews targets existing and potential investors into the African continent. Editors curate the most important news about African business, infrastructure development and investment, including emerging market essentials, trade and development, economic insights, SADC, ECOWAS and EAC region reports.
Ramaphosa has condemned ‘vaccine nationalism’ amongst wealthier nations who have hoarded doses, leaving poorer nations without options.
Cyril Ramaphosa defended the government’s approach to secure Covid-19 vaccines, saying it had acted as swiftly as possible.
“Before closing the coffin for a final time, Mr. Broodie usually says a prayer. ‘Please God,’ he said, ‘will you please stop this Covid thing?'”
Zimbabwe’s power utility has asked customers to pay bills in foreign currencies as it struggles to fund increased imports during drought.
Making international headlines: eSwatini PM Ambrose Mandvulo Dlamini has become the first world leader to die after testing positive for coronavirus.
Zimbabwe has legalised the cultivation of Cannabis for medicinal use and export.
Zimbabwean secretary for finance George Guvamatanga says abandoning the Zimbabwean currency was one of its biggest mistakes, won’t be repeated.
Harith General Partners and the Phembani Remgro Infrastructure Fund are buying equity in a company working to modernize Zimbabwe’s Beitbridge border.
Myeni, who allegedly accepted huge cash lump sums each month from a government contractor on behalf of the Jacob Zuma Foundation, owed legal fees for challenging a declaration that she is a ‘delinquent director’.
Zimbabwe Security Minister Owen Ncube says the country’s security and stability is at risk as the main opposition and civil society stoke unrest.