Business

Wed,21Nov2018

Business

Malawi gold rush pulls in villagers as excitement swells

While some traders have paid up to $34 a gram, panning for gold is backbreaking work with no guarantee of success (AFP Photo/AMOS GUMULIRA)Bwenzi Nkalima ditched his job as a watchman after a new gold rush in Malawi promised to bring in more money to look after his family.

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IMF says optimism in South Africa's economic recovery fading

South Africa President Cyril Ramaphosa speaks during the unveiling ceremony of the Nelson Mandela Statue which was presented as a gift from South Africa, Monday, Sept. 24, 2018, at United Nations headquarters. Photo: Angela Weiss/AP/SIPASouth Africa's economic recovery plans face serious constraints with growing debt of state firms domestically and capital outflows as a result of global trade tensions, the International Monetary Fund (IMF) said on Monday.

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Tens of thousands die in Africa each year due to fake drugs

An HIV/AIDS baby cries as she is carried by a caregiver at the Sparrows Nest, a home run by Sparrow Ministeries which cares for adults and children with HIV/AIDS, in Roodepoort, South Africa, Tuesday, Oct. 16, 2001. Photo: DENIS FARRELL/AP/SIPWhen Moustapha Dieng suffered stomach pains, he worried about the cost of the doctor's prescription. Instead, he went to an unlicensed street vendor in Burkina Faso's capital Ouagadougou, who sold him medicine on the cheap.

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South Africa's Eskom revises coal contract strategy, seeks supply security

 People walk below power pylons at Hartebeespoort, South Africa, Friday Nov. 25, 2011.Photo:  AP Photo/Denis   South Africa's cash-strapped power utility Eskom said on Friday it had revised its coal strategy to focus on contracts that offer long-term, fixed prices and security of supply as it faces possible power outages and low stockpiles of the fuel.

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ITV: Tewolde GebreMariam, Chief executive officer, Ethiopian Airlines

 

Brice Blondel/CEO FORUM for JATewolde GebreMariam, Chief executive officer, Ethiopian Airlines, talks to The Africa Report about Ethiopian’s new stakes in African transport companies across the continent and the challenges of planning for the long term

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Mauritius: Offshore on the radar

 

Faba/Getty - Port LouisThe government wants to double the size of the financial sector within the next 12 years, but to do that it needs to find new growth strategies and respond to international pressure on jurisdictions that help companies avoid paying corporation tax

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"We could be competitive with the Chinese" - Nick O’Donohoe, CEO, CDC Group, UK

DAVID MIRZOEFF/CDC

With Brexit on the horizon, a large UK development finance institution is looking to make big deals in Africa and support local private sectors at the same time

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