NewsSouthern Africa

Thu,11Feb2016

Southern Africa

Namibia wants new mining empowerment laws passed next year

Obeth Kandjoze, Namibia's Minister of Mines and EnergyNamibia wants new laws passed within a year compelling mining firms to have a minimum 20 percent stake reserved for the black majority, before issuing or renewing prospecting and mining licences as part of an empowerment drive to fight poverty, the mines minister said on Thursday.

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Zimbabwe sends begging bowl for $1.5bn as drought bites

Zimbabwe's Vice President Emmerson MnangagwaZimbabwe has appealed for $1.5 billion to feed close to three million people facing starvation due to a severe drought induced by the El Nino weather phenomenon.

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South Africa: Public Prosecutor happy over Zuma's Nkandla homestead upgrade ruling

A damning report by the Public Protector Thuli Madonsela in August 2014 found that Zuma and his family unduly benefitted from the R246 million ($15 million) upgrades to his homestead. Photo©ReutersSouth African President Jacob Zuma was on Tuesday made to make some concessions that a parliamentary and government report on upgrades to his private home were not legally binding and he should have abided by recommendations of the Public Prosecutor.

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Zambia sees higher economic growth on improved power supply

Zambia's economy is expected to expand by 3.7 percent this year, largely stable from last year but could grow more than four percent in 2017, the deputy finance minister said on Wednesday.

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Electricity: Who's got watts?

Political and bureaucratic blockages are weighing on big-ticket power projects. Photo©Petterik Wiggers/PANOS-REAThere are big pushes for Africa to be electrified, but the continent is far from plugged in. Projects have been slow to develop even as new money has been looking for ventures.

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Zimbabwe central bank governor decries diamond industry secrecy

John Mangudya, Governor Reserve Bank of ZimbabweZimbabwe's central bank governor has bemoaned the secrecy surrounding the country's diamond industry saying it was difficult to track income from the sector.

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