Business

Tue,20Feb2018

Business

Tanzania restores power in parts of country after nationwide outage

 A Tanzanian shoe-shiner conducts his business in Dar es Salaam, Tanzania Tuesday, Oct. 27, 2015. Photo: Khalfan Said/AP/SIPATanzania's power utility said on Friday it had started to restore electricity to parts of the country after the East African nation was hit by a country-wide blackout on Thursday morning.

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IMF to send mission to Zimbabwe in coming days

A young girl is accompanied by supporters of President Mnangagwa, at his inauguration ceremony in Harare, Zimbabwe, Nov. 24, 2017. Photo: Ben Curtis/AP/SIPAThe International Monetary Fund will send a staff mission to Zimbabwe in coming days to meet with officials of the new government and assess the country's fiscal and economic situation, IMF spokesman Gerry Rice said on Thursday.

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Africa's women power players shaking up business

Maria Ramos - Credits: LETTIE FERREIRA, NOOR KHAMIS/REUTERS; MOHAMED REDA
At events like the Africa CEO Forum and business conventions all over the continent the ranks of suited men are making way for outstanding women. The Africa Report presents its exclusive list of the high-flying executives changing the face of finance

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Eskom says rolling cuts unlikely despite coal supply fall

People walk below power pylons at Hartebeespoort, South Africa, Friday Nov. 25, 2011. Photo: Denis Farrell/AP/SIPASouth African utility Eskom said on Thursday rolling power cuts are unlikely despite coal supply possibly falling below a 20-day requirement at its Hendrina power station.

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Lonmin to cut social, discretionary spending to save cash

Aug. 12, 2016  - miners leave the Lonmin mine after a shift to make their way home in Marikana South Africa. Photo: Denis Farrell/AP/SIPATroubled platinum producer Lonmin plans to cut spending on social and labour projects and freeze "non-critical" recruitment, part of an array of measures to save cash, according to an unpublished presentation reviewed by Reuters.

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AfDB approves $160 mln loan for second Nairobi runway

Independent Electoral and Boundaries Commission officials at JKIA airport in Nairobi, Kenya, Monday, Oct. 23, 2017. Photo: Khalil Senosi/AP/SIPAThe African Development Bank (AfDB) has approved a $160 million loan to Kenya for building a second runway at the main airport in the capital Nairobi, the bank said on Wednesday.

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Finance: Stamp of approval

The Post Office has lost a share of the delivery market to private sector companies. Felix Dlangamandla, Gallo Images, Getty Images
Around a tenth of South Africans use Postbank as a trusted savings bank. But will the state-run post office be able to make a go of running a fully fledged bank?

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