Former President Thabo Mbeki will travel to Zimbabwe on Monday to try to assist in a political deadlock over the agreed upon unity government in that country.

A new report says that capital flight from sub Saharan Africa reached an astonishing $607 billion between 1970 and 2004 and that total is continuing to the present day to the tune of between $20 billion and $28 billion a year.

More senior African National Congress (ANC) members are expected this week to side with former defence minister Mosiuoa Lekota's breakaway group as the rebels develop the momentum needed to hold a national convention.

A task team led by ANC national executive committee member Tony Yengeni is to take charge of the party's disbanded Cape Metro region from Monday, as ANC dissidents face losing their jobs as councillors.

September and October are shaping up to be hard months in a precarious year – characterized by a meltdown in financial, credit, and housing markets; the continuing stress of high food and fuel prices and the dangers for poverty and malnutrition; and anxieties about the global economy.

The virus which has caused the death of three people has been provisionally identified as the rodent-borne Arenavirus.

Nigerian businessmen who operate foreign accounts are worried over the continuous backpedaling of the global financial future even as the crisis over the weekend led to the stunning collapse in oil markets sending a barrel of crude plunging below $78.

The banking fraternity is crying foul over what it described as unfair and increasing competition from money transfer operators.

THE army yesterday warned the Somali community living in Uganda to cooperate with security agencies to avert the looming terror attack.

THE inability of the Senate and the House of Representatives to agree on the final figures in the 2008 Budget Amendment Bill which has been pending before the National Assembly for over three months, may have delayed the submission of the 2008 Supplementary Budget proposed by President Umaru Yar'Adua.

The Action Congress (AC) has called on President Umaru Musa Yar'Adua to direct the anti-corruption agencies, especially the Economic and Financial Crimes Commission (EFCC), to probe the role played by former President Olusegun Obasanjo in the alleged frittering away of $16 billion in the power sector between 1999 and 2007.

The Sixth African-Caribbean-Pacific (ACP) States Summit has resolved to take a second look at Economic Partnership Agreements (EPAs) with the European Union (EU) with a view to making them more inclusive and to foster integration within the Group.

The clamour for votes from persons with disabilities (PWDs) reached a crescendo on Tuesday when the four leading political parties inundated PWDs with several promises.

On Wednesday, the remains of the nation's finest Finance Minister and MP for Asante Akim -North, Mr. Kwadwo Baah Wiredu were flown in from South Africa to finally confirm the news that he had indeed submitted to the burial mat.

IN the first trial of the week, two members of Women of Zimbabwe Arise (WOZA) are set to appear in the Bulawayo Magistrate’s Court on Tuesday 13th October 2008. Cynthia Ncube and Trust Moyo had been arrested in Bulawayo on 5th May and charged with distributing materials likely to cause a breach of the peace. Zimbabwe Lawyers for Human Rights had applied to the Attorney General for the matter ...

With diminished access to European markets threatening to cost African farmers millions of dollars in lost exports, an international assemblage of banana experts meeting in Kenya last week warned that African growers must move quickly to take advantage of many local and regional opportunities for expanding production and boosting incomes.

A group of 130 officers from the Indonesian Formed Police Unit (FPU) has arrived in Darfur to strengthen the efforts of the joint United Nations-African Union (AU) peacekeeping force working to quell the violence in the strife-torn Sudanese region.

The 2008 corruption perceptions index (CPI) published by Transparency International (TI), ranked Rwanda and Tanzania the least corrupt countries in the East African Community (EAC).

Every evening, Barbara Taruvona, the owner of New Styles Hair salon in Harare has to face a queue of her employees at the entrance to her office for their daily cash allowance for transport.

A Makerere University economist has called on the Ugandan government to carry out an ICT sector tax reform, which, if implemented, is expected to spur the sector to new growth levels.

Fidelity Bank Plc has declared profit of N13.356 billion for the financial year ended June 30, 2008 .

The Managing Director of the International Monetary Fund (IMF), Mr. Dominique Strauss-Kahn, has said that rich nations have so far failed to restore confidence in the world financial system and warned seriously against the huge implications. "The world financial system is teetering on the brink of systemic meltdown," he warned in Washington.

The World Bank Saturday in Washington, DC, launched an initiative to help Africa and other developing regions of the world share knowledge and expertise in overcoming poverty.

An African Union peacekeeper from Uganda has injured in an attack in the Somali capital, Mogadishu on Monday- the second to be inflicted in as many days.

As the Supreme Court prepares to hear the petition of both the All Nigeria Peoples Party (ANPP) and Action Congress (AC) presidential candidates, the Director General of the Presidential Campaign Organisa-tion of the ANPP, Alhaji Sule Hamma, has raised an alarm over alleged moves to influence the outcome of the case at the apex court.