NewsSouthern Africa

Sat,24Feb2018

Southern Africa

Game-changing fintech, aerospace and energy: Africa's tech test grounds

 

CYRIL NDEGEYA/AFPNecessity is still the mother of invention, and African companies are leading the way with game-changing fintech, aerospace and energy projects born from local problems

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South African court authorizes freezing of $130 mln in McKinsey case: source

 African National Congress President, Cyril Ramaphosa, addresses delegates during the closing of the ANC's elective conference in Johannesburg, Dec. 20, 2017. Photo: Themba Hadebe/AP/SIPAA South African court has authorized the freezing of $130 million in assets earned by global consultancy McKinsey and a firm linked to friends of President Jacob Zuma, a source at the state prosecutors' office told Reuters.

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Flashpoints, elections and tech: What to watch in Africa this year

IMAGE WTWrevisedStrong initiatives are lacking to tackle Africa’s conflicts

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How to stay in power forever: A handy guide for African leaders

altThe reversal of fortune for President Robert Mugabe as tens of thousands of Zimbabweans took to the streets to demand his exit in November gave a nasty jolt to other long-time leaders such as Teodoro Obiang in Equatorial Guinea, Paul Biya in Cameroon, Yoweri Museveni in Uganda and Omar al-Bashir in Sudan. Yet these leaders are fighting back. One of our itinerant correspondents came across a well-thumbed handbook on political power at the VIP lounge at Yaoundé’s international airport – its title: Comment Régner pour l’Eternité. Now, we can publish exclusive extracts from this top secret text.

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Amplats reaches deal with S.African tribal leader in community fund row

A boy walks past the Lonmin's platinum mine in Marikana near Rustenburg, South Africa, Jan. 24, 2014. Photo: Themba Hadebe/AP/SIPAA South African tribal leader has agreed to a more transparent structure for a $14 million community trust funded by Anglo American Platinum (Amplats), a move that aims to curb unrest around the firm's most profitable mine.

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Steinhoff CFO steps down as crisis-hit retailer shuffles top team

Shoppers make their way along the wide shopping avenues inside the Mall of Africa in Midrand, South Africa, April 28, 2016. Photo: Denis farrell/AP/SIPASteinhoff's finance chief stepped down from the role on Thursday to focus on helping the South African retailer plug a $2.9 billion hole in its finances after an accounting scandal.

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