Business

Fri,25May2018

Business

Ballooning Uganda debt poses default risk, central bank says

Uganda's Prime Minister, standing center-left, addresses Members of Parliament in Kampala, Uganda, Sept. 21, 2017. Photo: Ronald Kabuubi/AP/SIPAUganda's national debt has nearly trebled in the last three years to more than 50% of GDP, posing a default risk since nearly two thirds of that borrowing was external, the central bank said.

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Mauritian president to resign over allegations of financial misconduct

Ameenah Gurib-Fakim, president of Mauritius delivers her speech during the Budapest Water Summit 2016 in Hungary,Nov. 28, 2016. Photo: Zoltan Mathe/AP/SIPAMauritian President Ameenah Gurib-Fakim is expected to step down on Friday (March 23) after she was accused of using a credit card issued by an international non-governmental organisation to buy clothes and jewellery.

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African leaders meet in Rwanda to agree on free trade deal

President Kagame swearing in at the Amahoro stadium, Rwanda, Aug.18, 2017. Photo: Eric Murinzi/AP/SIPAAfrican heads of states and business leaders from across the continent gathered in Rwanda's capital Kigali on Wednesday (March 21), ahead of a historic signing of the African Continental Free Trade Area (AfCFTA), an agreement that would pave the way for continental commerce.

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South Africa mines minister to ready black ownership rules by May

May 18, 2016: closed mine shaft in Welkom, South Africa. Photo: Themba Hadebe/AP/SIPASouth Africa aims to finalise revised plans for black ownership in the mining industry by the end of May, Minister of Mineral Resources Gwede Mantashe said on Tuesday, promising to deliver "policy certainty" to an industry worried about new costs.

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Africa's post-manufacturing future

 
 

Denis Allard/REARobots and artificial intelligence are upending traditional pathways to industrialisation and threatening the jobs that go with it. The Africa Report scours the continent for the best strategies for survival and evolution

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S.Africa's Tiger Brands flags loss at meat unit after listeria outbreak

Bulls supporter pour some beer onto their braai meat at a local shebeen at the Orlando stadium in Soweto, South Africa, May 29, 2010.Photo: Themba Hadebe/AP/SIPASouth Africa's Tiger Brands said on Monday it expected its meat products unit to record a monthly loss of up to 33 million rand ($3 million) after it suspended operations at four sites over a listeria outbreak that has killed 180 people in 14 months.

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Mauritius is a gateway for investment into Africa’s energy sector

AEF Logo Pressrelease

 

As Mauritius celebrates its 50th anniversary of Independence this March, we reflect on what the country has to offer African energy investors in 2018

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