The International Monetary Fund (IMF) has approved an equivalent to $304.7 million in financial assistance for Madagascar under a 40-month Extended Credit Facility (ECF) arrangement to help shore up its economy, the fund said.
- Friday, 29 July 2016 14:00
- Ed Stoddard and TJ Strydom
South Africa's National Union of Mineworkers (NUM) said on Friday its members will go on strike at power utility Eskom, the sole provider of electricity in Africa's most industrialised country, from 8 August.
- Friday, 29 July 2016 13:36
- Mfuneko Toyana
South African Finance Minister Pravin Gordhan said on Friday that the domestic and global growth outlooks remained bleak and sounded a warning about the financial health of state-owned companies, which include power utility Eskom.
- Thursday, 28 July 2016 13:48
- Chen Aizhu
Chinese companies and banks agreed preliminary deals with African counterparts on $17 billion worth of cooperation in sectors including infrastructure, energy, pharmaceuticals and information technology, the official Xinhua News Agency reported on Thursday.
- Thursday, 28 July 2016 11:28
- Crystal Orderson in Cape Town
With less than a week to South Africa's fifth local government election, police say they will deploy close to 60,000 officers, and a further 40,000 moving members, to monitor the country's more than 22,000 voting stations, as fears of politically motivated violence rise.
- Wednesday, 27 July 2016 16:15
- Janet Shoko
Zimbabwe's President Robert Mugabe said he "will punish" the country's influential war veterans association in his first address since the former soldiers issued a scathing critique of his leadership last week.