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Zimbabwe: Vice President responding to treatment in South Africa- Gov’t

Zimbabwe’s Vice President Constantino Chiwenga is receiving medical treatment in a hospital in South Africa and wishes to come back next week, the Zimbabwean government has said following speculations that the General is in bad shape after he was injured in a bomb attack during electoral campaigns in June. George Charamba, Presidential spokesperson has told […]

South Africa gets $35 bln in investment pledges to revive ailing economy

South Africa got investment commitments of $35 billion as part of plans to attract $100 billion over the next five years to revive the country’s flagging economy, said presidential economic advisor on Wednesday. President Cyril Ramaphosa’s appointed a team of business and finance experts earlier this year to scour the globe for $100 billion in […]

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Ghana, seventh wealthiest African country – AfrAsia Wealth Report 2018

Ghana is the seventh wealthiest country in Africa with a total wealth of $63 billion as of December 2017, according to AfrAsia Bank Africa Wealth Report 2018. The report covers wealth, luxury, prime property and wealth management trends in Africa from 2007 to 2017, with projections to 2027. Ghana’s capital city Accra maintained its 2017 […]

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South Africa Finance Minister asks President to relieve him

South Africa’s Nhlanhla Nene has asked President Cyril Ramaphosa, who appointed him finance minister last year, to relieve him of his duties, The Sowetan newspaper reported on Monday. According to the newspaper, the finance minister approached the president over the weekend with the request after his testimony at the state capture commission of inquiry, where […]

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South Africa: more than 300 injured in train crash

About 320 people were injured after a packed train traveling from South Africa’s business hub Johannesburg to the capital Pretoria crashed, Metrorail authorities said on Friday. “Thirty-two of the 320 injured commuters suffered serious, but not critical, injuries,” Metrorail Gauteng spokesperson Lillian Mofokeng said. In her words, Metrorail train 0659, traveling from Johannesburg Park Station […]

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Financial independence reform to top A.U. meeting in November

The African Union will hold an extraordinary summit next November in Addis Ababa, Ethiopia, to focus mainly on the reform of the organization, AU Commission President Moussa Faki Mahamat. The extraordinary summit held last March was dedicated to the African Continental Free Trade Area. Among the major axes of this reform is the financial independence […]

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South Africa will not face sanctions over land reform – Ramaphosa

President Cyril Ramaphosa on Tuesday said there was no reason to believe that any country would impose sanctions on South Africa over land reforms. The controversy began last month when Trump tweeted that he had asked Secretary of State Mike Pompeo to “closely study the South Africa land and farm seizures and expropriations and the […]

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South African malls reopen after bomb threats

South Africa’s biggest shopping malls — the Mall of Africa located between Johannesburg and Pretoria, and the Sandton City mall — have been shut down and evacuated due to a bomb threat on Wednesday. Both malls resumed activity later in the evening after police found no explosive devices at either location. The bomb threat is […]

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South Africa: Theresa May unveils UK vision for Africa, endorses land reform

UK Prime Minister Theresa May on Tuesday said Britain will use its international aid budget to help private British companies invest more in Africa than competitors from any other country. In a speech in Cape Town, May said she wanted Britain to become the biggest investor in Africa to outstrip those from the U.S. and […]

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Theresa May in Africa to boost post-Brexit fortunes

British Prime Minister Theresa May is traveling to South Africa, Nigeria and Kenya this week on her first African tour to “deepen and strengthen” partnerships as the UK prepares to leave the EU in 2019. The trip “comes at a time of enormous change across Africa with a unique opportunity, as the UK moves towards […]

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