Zimbabwe's tax collector, the Zimbabwe Revenue Authority (ZIMRA) is raiding thousands of bank accounts of companies with tax arrears, as the country increasingly becomes desperate to shore up the credit side of its balance sheet.
- Crystal Oderson in Cape Town
Suspended chief executive officer of South Africa's power utility Eskom has gone to arbitration seeking reinstatement as the woes plaguing the electricity supplier take a new twist.
Egypt's Arab Investment Bank and the private sector arm of the Islamic Development Bank will launch an Islamic leasing firm in the third quarter, aiming to provide sharia-compliant financing to small businesses.
About 20,000 workers at South Africa's Eskom Medupi power plant were locked out of the construction site on Thursday following a one-day strike over poor living conditions and higher pay, a union official told Reuters.
Telecoms giant Vodafone has so far not held talks with South Africa over the London-listed firm buying Pretoria's stake in its local subsidiary Vodacom, chief executive Vittorio Colao said on Wednesday.
- Mabvuto Banda and Stella Mapenzauswa
The International Monetary Fund will provide $18.1 million to Malawi after its government promised to tackle the corruption that led to a suspension of aid by donors following large-scale graft involving public funds.
- Nigeria worries over economic growth outlook, keeps benchmark interest rate unchanged
- Zimbabwe plans talks with Germany to resolve $739 million debt
- South Africa's finance minister concerned about Eskom suspensions
- Aviation: Airbus and RwandAir sign MOU for two A330 aircraft
- Mozambique's gas fired development
- Zimbabwe's politicians blamed for failure of banks
- Oil prices drop after Saudi Arabia, OPEC won't cut output alone