LUSAKA, Sept 23 – Zambian opposition leader Michael Sata was declared the winner of the presidential election on Friday, defeating incumbent Rupiah Banda to head Africa’s biggest copper producer after polls marred by violence.
Category: business
African business agenda 26-30 September 2011
WHAT TO WATCH NEXT WEEK. Monday September 26 Shareholders of Nigeria’s Access Bank due to vote on $323 million purchase of troubled rival Intercontinental Bank.
China-Africa relations in AfDB’s new book
Tunis – Paris, 20 September 2011 – The African Development Bank today released a book: “China and Africa, An Emerging Partnership for Development?” In recent years, China has been the prominent emerging partner for most of Africa and new China-Africa relations give rise to heated debates. Is China really the only winner in its relations […]
Tsvangirai will advertise Zimbabwe’s agriculture
Zimbabwe Prime Minister, Richard Morgan Tsvangirai, to address agricultural leaders and investors, calling on them for urgent action and much needed investment.
Currency Report with Shireen Dharmalingham
ABN’s Alishia Seckam speaks with Shireen Darmalingam, Macroeconomic Strategist at Standard Bank, looking at: Weakness continuing to filter through to rand; Pravin Gordhan’s comments offering some support for rand; SARB fx intervention options limited; Rand possibly testing 7.50/$ levels.
Kenya's shilling finds its feet
NAIROBI, Sept 8 – Kenya’s shilling is likely to firm next week after a robust response from government to try to stem its downward spiral, while its Ugandan counterpart may also be bottoming out of a long slump as soaring bond yields attract foreign buyers.
S.Africa gold output down 3.5 pct y/y in July
JOHANNESBURG, Sept 8 – South Africa’s gold output fell 3.5 percent in volume in July while total mineral production fell 5.1 percent compared with the same month a year earlier, data showed on Thursday.
Uganda c.bank raises rates, sees more if inflation stays high
KAMPALA, Sept 6 – The Bank of Uganda raised its benchmark lending rate on Tuesday for the second time since its launch in July and promised more increases if the outlook for inflation worsened.
Kenya seeks early IMF funds to ease FX pressure
NAIROBI, Sept 8 – Kenyan President Mwai Kibaki said on Thursday the government was seeking an early disbursement of funds under an agreed IMF facility to ease pressure on the shilling and help restore order to domestic markets.
Nigeria to put 5-10 pct of FX reserves into yuan
LAGOS, Sept 5 – Nigeria’s central bank plans to diversify its $33 billion in foreign exchange reserves away from the dollar by switching a tenth of the stockpile into yuan, underlining the momentum behind China’s drive to internationalise its currency.