To stimulate growth the Central Bank has reduced its base lending rate by 3.5 percentage points, from 16.5 to 13 percent, signaling that other banks should do likewise. Read more »
The company behind the construction of a U.S.$100 million mall has argued that the construction site is not wetland after reports of complaints from residents. Read more »
Telkom, Africa's largest integrated telecommunications company, has been slapped with a substantial fine for using "bullying tactics" in the communications industry, causing harm ... Read more »
The economy, once touted as Africa's most promising, is collapsing into a recessionary heap with increasing bank charges and a suffering agribusinesses sector, writes Nelson Chenga ... Read more »
Anglo-Australian mining giant Rio Tinto has sent off a first coal shipment from one of the world's largest underdeveloped coal regions in Mozambique. Read more »
The national airline risks being banned from using international airports and air spaces if it fails to meet a 90-day International Air Transport Association deadline to comply ... Read more »
The government has denied a claim by Reporters Without Borders that the country was endorsing a new law that bans services that offer audio and video related communications over ... Read more »
Kenya Airways have been hit by high fuel costs and profits for the financial year ending in March dropped by 57 percent. Read more »
South African authorities will probe corruption charges against telecommunications giant MTN, after allegations that contracts with the Iranian government were acquired through ... Read more »
Banking services for the Zimbabwe Platinum Mine (Zimplats) is at risk of defaulting on loan arrangements. Banking services for the company were suspended after Zimplats defied and ... Read more »
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