Crude oil extends steep dive, stocks fall on growth fears

   TOKYO – Oil prices extended a steep slide on Wednesday on the back of worries about weakening world demand and oversupply, while global shares sagged as energy sector strains…

UK MPs revolt, as May takes Brexit deal to cabinet

LONDON. – British Prime Minister Theresa May will seek her cabinet’s approval Wednesday for a long-awaited divorce deal with the EU but hardline Brexiteer MPs warned they will seek to…

South African rand steady before retail sales data

JOHANNESBURG – South Africa’s rand was little changed early on Wednesday as investors awaited the release of retail sales figures.

Ex-head of military company jailed over corruption

ADDIS ABABA. – Ethiopia has detained the former head of a large military-run industrial conglomerate, a day after the country’s attorney general disclosed that several hundred million dollars was embezzled from the firm.

MTN shares rise on report that Nigeria could reduce $10.1 bln fine

JOHANNESBURG – Shares in South Africa’s MTN Group rose 2.6 percent on Wednesday on a media report that Nigerian authorities could reduce the $10.1 billion sum they are demanding from…

Gigaba wasn’t targeted, mistakes are his own: Mantashe

JOHANNESBURG. – African National Congress national chairperson Gwede Mantashe has criticised those blaming former home affairs minister Malusi Gigaba’s political woes on a “generational battle” in the ANC.

Domestic tourism the way forward: TBCZ

Michael Tome HARARE – Tourism Business Council of Zimbabwe has implored authorities to find lasting ways that encourage successful domestic travel and tourism, particularly unlocking locals’ ability to visit resort…

President approves 11 investment projects

HARARE – President Emmerson Mnangagwa on Tuesday approved eleven investment projects for immediate  implementation, a Cabinet Minister has said.

Mimosa set to increase production

Munyaradzi Musiiwa MIDLANDS – Zvishavane-based platinum mine, Mimosa is set to increase its production to 270 000 tonnes per month from 230 000 tonnes which the company is producing at…

US lays barbed wire and erects barricades at border to stop migrants

TIJUANA – Hundreds of Central American migrants planning to seek asylum in the United States moved toward the country’s border with Mexico on Tuesday as U.S. military reinforced security measures,…

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