IN a move with damaging implications for investment, Zimbabwe plans to grab a 51% stake in foreign-owned firms within 60 days of the gazetting of the Indigenisation and Economic Empowerment Act regulations, documents in the possession of the Zimbabwe Independent show.
The decision to give Zimbabwe no more than a slap on the wrist for the human rights abuses which its army has committed on the Marange alluvial diamond fields in the south-east of the country seriously threatens the future of the diamond industry's initiative to avert consumer boycotts of its gemstones.
On the eve of the climate change summit in Copenhagen this December, momentum for action still falls far short of that needed to avert catastrophe. Africa will suffer consequences out of all proportion to its contribution to global warming, which is primarily caused by greenhouse gas emissions from wealthy countries.
Zimbabwe and other African countries should stimulate debate on the global economic recession to generate strategies for mitigating its effects.
The Economic and Financial Crimes Commission (EFCC) has finally broken its silence on allegations by its former boss, Mallam Nuhu Ribadu, that he lodged $15million bribe money from former Delta State governor, Chief James Ibori, with the Central Bank of Nigeria.
President Paul Kagame yesterday addressed the opening ceremony of the fourth Forum on China-Africa Cooperation held in Sharm el-Sheikh, Egypt.
President Mugabe yesterday left for Sharm el-Sheikh, Egypt, to join other Heads of State and Government attending the Fourth Ministerial Conference of the Forum on China-Africa Co-operation, where the leaders will review progress made in strengthening Sino-Africa ties since the 2006 Beijing Summit.
Zimbabwe has done everything possible to ensure full compliance with the Kimberley Process Certification Scheme principles, Mines and Mining Development Minister Obert Mpofu has said.
CHINA'S partnership with Africa provides the best example of how countries should relate globally at the economic, political and cultural levels, President Mugabe has said.
The Central Bank of Nigeria (CBN) is working on a plan to make banks report suspicious cash transactions by politically exposed persons (PEPs).
Two giants, Africa's leading integrated telecoms operator, Globacom Limited, and the world's richest club, Manchester United of England, have signed a five-year sponsorship contract.
Ghana is seeking private investment in agri-business as part of it's national priority to achieve food security, minimise spending on imports and also to earn more from value added agricultural products.
Unity Party Senatorial aspirant Clemenceau Blayon Urey, has begun undertaking a private initiative aimed at bringing relief to residence of Montserrado through a quick impact road rehabilitation project.
Edo State Governor, Comrade Adams Aliyu Oshiomhole has said that for effective and conducive business environment that would bring about economic development, the state would replicate the new Ikeja Military cantonment ultra-modern market in Lagos.
Chinese premier Wen Jiabao has offered Africa $10b in concessional loans over the next three years along with a range of other measures aimed at strengthening African-Chinese ties.
