Zambia’s economy is under increasing strain as the inflation rate surged to almost 20 percent and the World Bank cut its growth outlook for the copper-dependent nation.
Pope Francis arrived in Kenya amid heightened security in the East African nation that has suffered a spate of attacks by Islamist militants over the past two years.
Anglo American Plc, the second-worst performer in the benchmark FTSE 100 this year, could raise more than $10 billion by selling its De Beers diamond business, according to HSBC Holdings Plc.
Zimbabwean President Robert Mugabe’s ruling party is in the grip of a generational split over whether to improve relations with international financial institutions in a bid to rescue the battered economy, according to about a dozen senior party officials.
Kenyan President Uhuru Kenyatta fired cabinet secretaries who were suspended this year after being caught up in corruption investigations, in a widening crackdown on graft.
Nigeria’s central bank Governor Godwin Emefiele is at risk of losing credibility over a decision to ease monetary policy, while maintaining currency restrictions that are hurting the economy.
The United Nations Development Programme pledged $46 million for a program to discourage young people from joining extremist groups in Africa.
The largest-ever relocation of black rhinos across national borders has established a breeding population in the Botswana’s Okavango Delta, according to Wilderness Holdings Ltd., a eco-tourism safari operator that helped organize the program.
Nigerian President Muhammadu Buhari approved the creation of a waste-cutting unit within the finance ministry to bolster the government’s budget position and an economy battered by sliding oil prices, a person with knowledge of the matter said.
“On the brink of a boom,” was the banner on PricewaterhouseCoopers LLP’s review of Africa’s oil industry 16 months ago. Now, oil below $50 has made more than two out of three investment projects on the continent non-viable.