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August, 31, 2016

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Business > Africa
Behind walls, S. African city proud to be a world apart
Green, tidy, with safe public areas and winding bicycle paths -- Steyn City is a vast "self-sufficient" development outside Johannesburg, that highlights growing controversy over South Africa's divided urban society.
 
Nigeria slashes telecoms firm fine by 1/3 to US$3.4 billion
Nigeria is slashing its fine on MTN, Africa's largest telecommunications operator, by more than a third to US$3.4 billion, and the CEO of the embattled Nigerian subsidiary has resigned, the company said Thursday.
 
Climate changes take toll on Ugandan coffee farmers
Luka Kinyere felt the wet, dark volcanic soil in his calloused palm, thankful for the rain that was falling again after a dry spell.
 
Economically hamstrung Zimbabwe has passed new regulations ordering some 300,000 beneficiaries of President Robert Mugabe's controversial land reforms to pay annual rent and levies, a state daily said Monday.
 
Uphill task for Nigeria's new economic team
Nigeria finally has a government after a wait of more than five months but the new ministers have their work cut out to reverse a damaging slump in Africa's leading economy.
 
The Russian plane crash in Egypt has forced hotels in Sharm el-Sheikh to send dozens of staff on "unpaid leave" as tourist numbers plunge, with tens of thousands of jobs at risk within months.
 
African telecom giant battles Nigeria over fine
Africa's biggest telecommunications company is locked in a nasty battle in powerful Nigeria, with billions of U.S. dollars at stake.
 
Nigeria will start selling and buying oil and gasoline directly to cut out middlemen and curb graft, the new managers of the Nigerian National Petroleum Corp. announced Tuesday night.
 
Nigeria looks set to unbundle a long-awaited oil law to speed up its passage through parliament, potentially unlocking billions of dollars in frozen investments.
 
The International Monetary Fund (IMF) is pressing Nigeria to further devalue its naira currency amid uncertainty over the political and economic outlook for Africa's biggest oil producer and economy.
 
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