Nigeria’s central bank is confounding analysts with unconventional economic policies that are becoming difficult to predict.
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.
South Africa’s proposed carbon tax will boost growth in the economy provided the revenue is reinvested in green-energy projects, according to Folsom, California-based Applied Development Research Solutions.
Pioneer Food Group Ltd. shares sank by the most in four years as a surge in the dividend payout by South Africa’s second-largest food producer was outweighed by its warning that drought and currency weakness in the country would crimp its margins.
BHP Billiton Ltd., the world’s biggest mining company, dropped to a 10-year low in Sydney trading, as producers slumped across global equity markets amid a deepening collapse in commodity prices.
“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.
Zambian President Edgar Lungu will meet with mining unions as Glencore Plc’s local unit cuts more than 7,000 jobs and four other producers also intend to reduce their workforce.
Mali plans to boost security measures after al-Qaeda-linked gunmen killed at least 20 people at a luxury hotel in the capital, highlighting risks in a country facing an Islamist rebellion.
South African Reserve Bank Governor Lesetja Kganyago took the tough decision to inflict short-term pain on the economy by staying ahead of the U.S. Federal Reserve and avoiding a potential rout in the currency.
When Nyarai Goredema lost her job as a manager with Harare-based Msasa Steel in June, she sold some of her possessions and put her home on the market. When no one offered to buy it, she turned to her son who works at a bank in neighboring South Africa for support.