NewsCentral Africa

Fri,01Jul2016

Central Africa

Tasks for CAR's new President

Faustin-Archange Touadéra. Photo©Alessandro Bianchi/AP/SIPAFaustin-Archange Touadéra, the new president of Central African Republic has to deal with rebel fighters and his new allies.

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Naspers freezes African pay-TV prices as customers feel cash crunch

Photo©Sayyid Azim/AP/SIPAAfrica's largest provider of pay-television services Naspers has kept prices on the continent unchanged to halt a decline in subscriber numbers, its chief executive said on Monday.

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African markets prepare for Brexit turbulence

File photo©AP/SIPAAfrican currencies, markets and political unions are readying themselves for turmoil after Britain's vote to leave the European Union (EU) sent shockwaves through global financial markets and cast doubts on one of the most ambitious political projects in modern history.

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Investment: Brexit triggers gold rush

Photo©ReutersGold soared as much as 8 percent to its highest in more than two years on Friday after Britain delivered a shock vote to leave the European Union, leaving investors to scurry for protection in the precious metal and other assets perceived as less risky.

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Africans brace for Brexit

Photo©AP/SIPAAs British voters go to the polls in a historic referendum on the United Kingdom's membership in the European Union, many in Africa will be watching the results closely. A vote to leave the EU, dubbed 'Brexit', could trigger a recession that would hit African economies, many of which are already suffering from the commodity price slowdown.

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African mining needs a vision

Image©GlezThe expansion of mining and natural resource exploitation has been a critical factor in the highest levels of growth in Africa for more than 30 years. The resource sector's success in attracting foreign investment has often led to it being held up as a poster child for economic liberalisation.

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