Zimbabwe's Finance Minister Patrick Chinamasa addresses a news conference in Harare

Zimbabwe says pays $180 mln to service Chinese loans

HARARE (Reuters) – Zimbabwe has spent $180 million in unbudgeted expenditure to service outstanding loans from China in an effort to improve relations and encourage new financial support, Finance Minister Patrick Chinamasa said on Wednesday. “In the first six months of this year we have had to cough up $180 million, which was not in … Read more

Zim police beat, detain opposition protesters

Zimbabwe riot police detained more than a dozen opposition protesters and beat up others at a demonstration on Wednesday over high unemployment, an AFP correspondent witnessed. Police armed with batons descended on around 100 members of the opposition Movement for Democratic Change marching in the capital Harare, days after its party leader advocated a wave … Read more

Zimbabwe economy takes another dive

It is 4 a.m. and people are already lining up outside Zimbabwe’s main passport office – four hours ahead of opening time – in hopes of securing a passport that will allow them to escape their country’s dearth of opportunities and search for work abroad. Several million Zimbabweans left for South Africa and other countries … Read more

Expert opinion: Fabricius on Obama’s $37bn kicker at Africa Summit

By Peter Fabricius for ISS Africa Expressions such as ‘historic,’ ‘turning point,’ ‘pivotal moment’ and the like are considerably overused in diplomatic discourse. So one must take with a large precautionary pinch of salt the gushing assessments by some Washington Africanists that United States President Barack Obama’s first US-Africa summit was the biggest milestone in … Read more

Obama courting Africa hard: Aims for US to usurp China’s lead

By Aaron Maasho and Pascal Fletcher of Reuters CAMP LEMONNIER Djibouti/JOHANNESBURG (Reuters) – Ask Major-General Wayne W. Grigsby Jr., the top U.S. military officer in Africa, how he thinks U.S. and European-backed African troops are faring in their war on Islamist militants in Somalia, and his answer comes back smartly: “Pretty darn good!”. But when “son of Africa” U.S. President Barack … Read more

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Digital warriors battle to get African games on phones

By Andrew Heavens and Drazen Jorgic LAGOS/NAIROBI (Reuters) – Safari the warrior crouches in the bush – a digitised heroine from the new mobile phone game “Afro Fighters” that its Nigerian creator hopes will soon rival the likes of Clash of Clans or Angry Birds on the world’s handsets. To achieve this, Olakunle Ogungbamila is … Read more

Nine obstacles: foreign investment in Africa – Mkhabela

Johannesburg entrepreneur Miyelani Mkhabela doesn’t mince his words. Africa needs to vote high-quality leaders into governments if it is going to attract its fair share of foreign direct investment. That’s easier said than done. Take Zimbabwe, where Robert Mugabe has continued to remain in power although the country’s economy has steadily declined. Or South Africa, … Read more