Most Recent World News

Russia Writes Off African Debt Worth Over $20 Billion – Putin

Moscow has written off more than $20 billion in debt accumulated by African countries during the Soviet era, Russian President Vladimir Putin announced on Wednesday. “It was not only an.

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South Africa’s Rand Firmer On Release Of New Power Plan

South Africa’s rand inched firmer early on Friday, clinging on to the strong gains it made in the previous session, after the country’s cabinet approved a long-delayed plan for electricity.

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Seychelles Ranked Fourth-highest In Africa In World Economic Forum Competitiveness Report

Seychelles is the fourth-most competitive nation in Africa out of 37 countries ranked in the 2019 edition of the Global Competitiveness Report, scoring high marks in health and macro-economic stability. The.

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Kenyan Shilling Stable Against the Dollar

The Kenyan shilling was stable against the dollar on Monday with inflows from offshore investors buying government debt and tightening liquidity in the local money market helping meet dollar demand.

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Zimbabwe Quadruples Electricity Prices to Fund Power Investment

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the.

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South African Rand steady, Focus on Sino-U.S. Trade Talks

South Africa’s rand was steady in early trade on Monday, as investors waited for the U.S.-China talks due to start this week to see if the world’s two top economies.

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South African Rand Weaker As Investors Seek Shelter In Dollar

South Africa’s rand weakened early on Monday as the dollar gained against riskier currencies, with investors watching developments in the China-U.S. trade dispute and a slew of domestic and global.

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Nigeria Moves to Recover 35,000bpd Lost to Shell JV, Belema Oil Dispute

The Nigerian government says it is determined to continue to extract over 35,000 barrels per day of crude oil output lost to a community dispute in the Niger Delta region..

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Kenya: Build Local Industries to Create Jobs

Ms Ngilu the Governor of Kitui County emphasizes in her speech on better leadership so as to achieve great followership plus development in the land. We all want a country.

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South Africa Considering Nuclear Energy

South Africa will consider adding nuclear power capacity in an affordable way as part of its long-term plans, Energy Minister Gwede Mantashe said on Tuesday. President Cyril Ramaphosa put on.

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