Business

No Import Of Maize Allowed In Zimbabwe: Government

zimbabwe

Zimbabwe is looking ahead to protect its farmers and this is the reason the country has announced a ban on grain imports following a devastating drought in 2016 that left over four million people in need of food aid. For years the country has been suffering from low grain production and the primary reasons are lack of financing, drought and ...

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South Africa Cuts Interest Rates To Adjust Inflation

south africa

Following a slight recession earlier this year South Africa has cut down the interest rates, though surprisingly, for the first time in five years. South African Reserve Bank has earlier been prioritizing to bring down the inflation rate that was 7 percent in 2016. South African economy is second largest after Nigeria in Africa. It is most developed, but in ...

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Angola Seeks More Private Investment; Plans Offering Fiscal Incentives

angola

Angola may soon come up with more fiscal incentives like reduction in taxes to lure investors, particularly in those regions which are most needy. Briefing to a press conference on Saturday in the capital city Luanda the ruling MPLA party’s presidential candidate Joao Lourenco said the regional asymmetries which are available now may not be eliminated through decrees. Joao added ...

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Mobile Money On Rise In Tanzania Amid Poor Banking Sector

mobile money

Tanzania and many other countries in East Africa have high unbanked population and this has resulted with more people using mobile money. A new data reveals in 2016 about half of the mobile subscribers had a mobile money account. The telecom companies attempted luring people to use their services amid such situation that banking is like a dream for many. ...

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Tanzania Signs New Mining Law

mining law

Tanzania has come up with new mining law featuring the government to own 16 or more percent stake in the mining projects. President John Magufuli said amid protests from opposition the bills were passed by the parliament last week and he has signed it to make it a law that has increased royalties tax on gold and other minerals. He ...

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Tanzania Bans Unprocessed Food Crops Including Staple Food Maize

unprocessed food

After ban of gold and copper export Tanzanian has now stopped selling of unprocessed food crops outside the country. Prime Minister Kassim Majaliwa announced the ban on Monday amid celebration of Eid al-Fitr in Moshi Municipality. The measure has been taken to encourage investment in agro-processing industries and it will create employment too in Tanzania, said Majaliwa. PM added the ...

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Continued Violence In Central African Republic A Threat To Healthcare System

central african republic

Amid violence many displaced people of Central African Republic have started returning back to their homes, but the most worrying factor is threat of healthcare system in delivering medical aids to them. Launching a new health plan for the country, World Health Organization’s Africa director Matshidiso Rebecca Moeti said renewed fighting is sweeping the country and paralyzing the healthcare system ...

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