News Southern Africa

Tue,30Jun2015

Southern Africa

No way that Zimbabwe could introduce the local currency

Photo©ReutersUnited Nations says Zimbabwe is unlikely to have its own currency in the next five years after it dumped its inflationary ravaged dollar in 2009.

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Electricity: Botswana firm plans solar power plant to produce up to 200 MW

Photo©ReutersBotswana's Shumba Coal said on Tuesday it plans to develop a solar power station to generate up to 200 megawatts (MW) of electricity as the world's top diamond producer struggles with power shortages.

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Mauritius: The great clean-up

A new breed of ambitious, globally-minded Mauritians will join the job market. Photo©Nasseem Ackbarally/Transterra mediaThe new government elected in December enjoyed a short honeymoon. It is now engaged in dealing with corruption cases, problems in the banking sector and growth levels that are too low to make Mauritius a high-income country by 2020.

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South Africa: Energy regulator rejects Eskom tariff increase request

Photo©ReutersSouth Africa's energy regulator rejected a tariff hike request by cash-strapped utility Eskom because crucial information was missing in the firm's application.

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Mining: Rio Tinto exits Zimbabwe

Rio Tinto, one of the biggest mining conglomerates in the world has exited Zimbabwe after disposing of its diamond and coal mining assets.

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Mauritius's big neighbour with smaller costs

sewing machines are whirring again after Madagascar paid the price for political instability. Photo©All Rights ReservedWith its skilled workforce, lower wages and duty-free access to US markets reinstated, Madagascar offers opportunities to Mauritian textile companies.

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