A better investment framework for Africa

By Wolfgang Schäuble, BERLIN, Africa’s enormous economic potential is not news. But, until now, policymakers around the world have not successfully defined the political and economic steps that must be taken to enable Africa to realize this potential fully. That is why the German G20… Read More

PPC profit plummet 96pct, revenue up

BULAWAYO, June 8 (The Source) – Regional cement producer Pretoria Portland Cement (PPC) says volumes at its Zimbabwe operation dropped three percent in the full year to March 31, as cash shortages persist. Prices suffered in US dollar terms, falling 10 percent during the year.… Read More

Zimbabwe to sell wildlife to DRC, Gambia

HARARE, June 7 (The Source) – Zimbabwe is set to export wildlife to the Democratic Republic of Congo and Gambia, the Environment Minister, Oppah Muchinguri-Kashiri has said. Muchinguri told The Source that the two countries recently sent special envoys to President Robert Mugabe to forward… Read More

The power of mini-grids

By Strive Masiyiwa and Richard Branson, HARARE – Despite impressive economic development in recent years, Africa still lags far behind on energy, with almost two-thirds of the continent’s citizens lacking access to electricity. While getting more power to the people is an important goal, extending… Read More

Wilderness Safaris to bid for Air Botswana

May 29 (Reuters) – Regional tourism company, Wilderness Safaris, plans to make a bid for Air Botswana, the country’s loss-making national airline which the government wants to privatise. Botswana put the airline up for sale in February, part of plans to privatise loss-making state-owned companies.… Read More

Why Africa should go cashless

By Carl Manlan, India has lately been pursuing an ambitious goal: a cashless economy. Despite early missteps and frustrations, it will turn out to be a change for the better for the country’s 1.31 billion people. Africa should set a similar goal – and take… Read More