Most Recent World News

South Africa: German Software Company Netted in Money Laundering Case

South Africa democratic alliance (DA) on Monday accused the German software company SAP of corruption and money laundering involving the friends of the President of South Africa Jacob Zuma. The.

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Zimbabwe: AMA Issues $80 million for Purchase of Maize

Zimbabwe’s Agricultural Marketing Authority (AMA) has disclosed that it will issue $80 million in grain bills to buy maize from farmers. This purchase will commence next week, the authority’s financial advisor.

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Ghana Partners with Switzerland to Boost Cocoa Production

Ghana is seeking ways to boost its production of cocoa, and process more of the beans in the face of price fluctuation. In order to accomplish this, Ghana has decided.

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Nigeria: Dangote to Invest $4.6 Billion in Agriculture

Africa’s richest man, Aliko Dangote, plans to expand his company as well as deal with the shortage of dollars in its home market (Nigeria) by investing $3.8 billion in sugar.

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Zimbabwe: NSSA to Raise Pension Pay-out

The National Social Security Authority (NSSA) has announced that it will be increasing the minimum monthly pension pay-out to $80 from $60 per month starting from the 1 October 2017..

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Tanzania Restructures Mining Industry, New Mining Bills Signed into Law

  Tanzanian President John Magufuli on Monday signed a bill which allows at least 16% stake of mining project to go to the government. A law regarding the increment of.

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SOUTH AFRICA: ANC to Nationalize Reserve Bank

South Africa’s ruling party African National Congress (ANC), has recently reached an agreement to nationalize its Reserve Bank. The agreement was reached at a conference held on Wednesday. Two party.

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NIGERIA SIGNS POLICY TO INCREASE GAS EXPLORATION

  Nigeria cabinet has approved a national gas policy that is aimed at reducing the country’s dependence on crude oil by putting facilities in place that will increase gas exploration,.

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South Africa: SARS Commissioner Resolves to Reach Target Despite Recession

South African Revenue Service (SARS) commissioner Tom Moyane said on Monday that he was confident of reaching the 1.62 trillion rands ($124 billion) revenue target set out in the February.

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China Partners with Ghana on Bauxite Exploration

Ghana has recently signed a $10 billion memorandum of understanding (MOU) with China to develop the bauxite project with its railway and converting bauxite into aluminium, the country’s Senior Minister.

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