Zimbabwe Banks, companies under probe
The Zimbabwe Anti-Corruption Commission is setting up a special investigating team to focus attention on companies and banks involved in shady deals in violation of the country’s laws. The team will also target retailers and food outlets who do not bank cash. Most of them are reportedly channelling the cash into the parallel market. Addressing […]
Failure, scandal and success: Taking stock of Mnangagwa’s China ‘mega deals’
In April this year, the State-controlled Herald splashed a triumphant headline across its front page: “Chinese company to build $7bn tourism city”. A Chinese firm, the Touchroad Group, planned to build a $7 billion tourism city in Zimbabwe, the paper said, gleefully adding that this came as “investor interest in Zimbabwe by international tourism players […]
Zimbabwean Duo Find A Fortune In Their Backyards
Where most youngsters would opt for a business degree before stepping into business, Ropafadzo Zimunya and Munashe Musarurwa did it the other way around. In a small town named Mutare in Zimbabwe, just out of high school, the now 20-year-olds looked inwardly for inspiration, and found it in their backyards. The co-founders of a company […]
Why This 48-Year-Old Woman Salma Okonkwo Is Building Ghana’s Biggest Solar Farm
For more than a decade, one 48-year-old entrepreneur in Ghana has been quietly building up a multimillion-dollar oil and gas outfit called UBI Group. Salma Okonkwo is a rare woman to head up an energy company in Africa. “I don’t stop when the door is being shut. I find a way to make it work,” […]
Chad govt signs deal with Ethiopian Airlines to launch national carrier
ADDIS ABABA (Reuters) – Ethiopian Airlines and the government of Chad have signed an agreement to launch Chad’s new national carrier on Oct. 1, officials said on Friday. An Ethiopian Airlines Boeing 787 Dreamliner arrives at Kaduna airport, Nigeria March 8, 2017. REUTERS/Afolabi Sotunde Ethiopia’s state-owned flag carrier is in talks with a number of […]
Can India Keep Pace With China in Africa?
If it weren’t for China, Africa’s largest trading partner would be India. But how different is its mode of engagement? With China’s top-level Africa forum set to begin in Beijing on 3-4 September, many outsiders not invited to the party will be watching closely. Among them will be China’s populous neighbour, and sometimes rival, India. […]
Passenger Rail Agency of South Africa Receives Safety Permit
The Passenger Rail Agency of South Africa (PRASA) has received a one year safety permit, dated the 31stof August 2018, through to 31 July 2019, allowing them to continue operations. However, the United National Transport Union (UNTU) is disturbed as to how the Railway Safety Regulator (RSR) could have provided PRASA with a safety permit […]
Air Tanzania Company Limited Resumes Flight to Entebbe, Bujumbura
AIR Tanzania is expected to resume passenger flights to Entebbe-Uganda and Bujumbura- Burundi routes on Sunday and Tuesday next week, respectively. The Company’s Chief Executive Officer Mr Ladislaus Matindi said in a statement issued in Dar es Salaam yesterday that ATCL will be providing four frequencies per week to Entebbe namely on Monday, Wednesday, Friday […]
Limpopo Railway Lines Underused
Maputo — The Limpopo railway line from Zimbabwe to the port of Maputo is seriously underused as Zimbabwean exporters are not sending enough traffic down the line, a Mozambican port official has said. Mozambique port and rail company (CFM) chairperson Miguel Matabel said the Zimbabwean inefficiency meant that the Limpopo line could not meet its […]
Ethiopia seeks new company to complete dam construction
Ethiopia has cancelled a contract awarded to Metals and Engineering Corporation (METEC), run by the Ethiopian defence ministry, due to repeated scheduled work delays, news agencies reported yesterday. Prime Minister Abiy Ahmed said the government would award the contract to another company which has not been named. METEC was the contractor for the electromechanical and […]
