JUST IN: Gvt processing 50-plus investment applications

An interim board tasked to establish the Zimbabwe Investment and Development Authority is assessing more than 50 investment applications which it will forward to President Mnangagwa for approval.

SA joins African Tripartite Free Trade Area

JOHANNESNURG. — South Africa has deposited the instrument of ratification of an agreement establishing the Tripartite Free Trade Area (TFTA), the Department of Trade and Industry (DTI) said on Thursday.

Thousands of voting machines in DRC gutted by fire

KINSHASA. – Democratic Republic of Congo says thousands of voting machines have been destroyed in an overnight fire just 10 days before the presidential election, but officials vow it will not disrupt the vote.

Election-related uncertainty tends to hurt African economies: report

CAPE TOWN. — Political instability tends to peak around election time for some African nations, which affects economic growth, according to a report released on Wednesday.

Gandhi statue removed after student protest in Ghana

ACCRA. – A statue of Indian independence leader Mahatma Gandhi has been removed from Ghana’s most prestigious university after complaints that he was racist against black Africans.

How low will Bitcoin now go? The history of price bubbles provides some clues

Lee Smales Nearly 170 years before the invention of Bitcoin, the journalist Charles Mackay noted the way whole communities could “fix their minds upon one object and go mad in…

OPEC exit frees Qatar from U.S. legal concerns

DUBAI/DOHA – Even before taking over Qatar’s energy policy in a government reshuffle last month, Qatar Petroleum (QP) CEO Saad al-Kaabi had long wanted the Gulf state to leave OPEC.

Rand firms in early trade

JOHANNESBURG – South Africa’s rand strengthened early on Thursday, as signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to aid its cooling economy…

Govt increases wheat price to $630 per tonne

HARARE – Cabinet on Tuesday announced a  wheat producer price of $630 per tonne, up from $500 last season, a move  aimed at encouraging more production of the crop, Information,…

Brexit: Theresa May to join EU summit after surviving vote

Theresa May is heading to Brussels for an EU summit, the morning after surviving a vote of confidence. The prime minister is seeking legally binding pledges from EU leaders on…

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