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Displaying 1261-1270 out of 2675 results.

Three days in April

President Bingu wa Mutharika’s heart stopped during a meeting on 5 April with a member of parliament, Agnes Penemulungu. ‘He just stopped talking and tipped over and the...

Steel while the iron is hot

Essar’s investment in the former ZISCO operations have slowed again as negotiations over access to mining rights delay development

Essar’s deal for rehabilitating NewZim Steel (formerly the Zimbabwe Iron and Steel Company) is teetering on the brink of collapse.

Prophecies and fantasies

Religion and rumour dim the prospects for the presidential succession while the mining rows continue

A prophet has aroused some unchristian comment in Zimbabwe’s media, official and independent alike. Temitope Balogun Joshua, a popular Nigerian televangelist, had foretold the imminent death of an...

From the Stasi to State House

The Independence Day theme was ‘Indigenisation and Empowerment’. The Movement for Democratic Change objects that this will probably be the Zimbabwe African National Union-Patriotic Front slogan whenever elections...

Energy bonanza promises real financial independence

Mozambique is on the threshold of a multi-billion dollar energy boom destined to transform a country that, less than 20 years ago, was counted by the World Bank as the world’s poorest, with per capita gross domestic product of US$80. It is still a weak state that lacks capacity to manage such a large range of investment projects and there is concern that resource wealth will facilitate corruption and poor governance. State revenue from these riches promises eventually to deliver something else – revenue independence. This would be a big change for a country highly dependent on foreign aid: grants and concessional loans currently contribute 41% of the national budget

Energy resources lie at the heart of foreign direct investment commitments worth $28 billion. This is more than double 2011’s total gross domestic product of $12 bn. and...

Stakes and taxes

The government has announced that it will tax mergers and acquisitions in the resource sector. The first is Royal Dutch Shell’s proposed purchase of Britain’s Cove Energy, holder...

New leader, new broom

Africa’s second female president faces a fickle parliament and a desperate economy

Joyce Banda, accepting promotion from Vice-President to President on the death of Bingu wa Mutharika, inaugurated her rule on 9 April by sacking the police chief, Peter Mukhito....

Hope of peace for Cabinda

The threat of armed rebellion may fade after rebels offer to talk

After four decades of the struggle for independence in the oil-rich Cabinda enclave, the last fighting faction has launched an offer of peace talks. The octogenarian, exiled leader...

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