AFRICA

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South African designer braves the highly competitive jewelry market

In South Africa, as youth unemployment rates remain stubbornly high, many young people are forced to think creatively to earn a living. One entrepreneur...

Crayfish now on the don’t-buy-list due to overfishing

South Africa's most famous West Coast Rock Lobster has been placed on the Red Don't-Buy-list of the South African Sustainable Seafood Initiative. The SASSI list...

Safaricom CEO Collymore announces retirement

The head of Kenya’s biggest telecoms firm Safaricom plans to step down in August for health reasons, but the government’s insistence he should be...

Kenya’s public debt swells to over $45 billion

The Kenyan public debt ballooned in the past months to cross above the 45 billion U.S. dollars mark as the cash-strapped government accelerated borrowing. The...

Unlisted phone firms in Tanzania risk having their licenses revoked

Stern legal actions will be taken by the Tanzanian Government against telecommunication companies that fail to float their shares on the stock market by...

World Bank approves $455 million loan for Tanzania power projects

The World Bank has approved a $455 million loan to Tanzania under its International Development Assistance (IDA) programme to support financing of power projects...

South Africa props up small enterprises to boost tourism

Tourism in South Africa contributes 3% to the economy and employs close to 5% of the country's labour force. The sector has been growing consistently...

Chinese yuan being considered as reserve currency for eastern, southern Africa

The Chinese yuan comes under the spotlight this week as 17 top central bank and government officials from 14 countries in eastern and southern...

South African rand edges higher in early trade

South Africa’s rand rose in early trade against a softer dollar on Wednesday, in line with a rise in local bonds and stocks as...

African Dev Bank wants Africa to open up borders for prosperity

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