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May, 6, 2016

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Business > Africa
Zimbabwe retailers lose out to street vendors
The cries of street vendors have become the soundtrack to Zimbabwe's collapsing economy as increasing numbers of the unemployed try to eke out a living, leaving shopkeepers -- and the taxman -- poorer.
 
Internet taxi firm Uber said Monday it was providing security for its drivers in South Africa after verbal threats from other taxi operators in the latest outbreak of friction to hit the fast-growing company.
 
Tanzanian lawmakers have passed a new petroleum bill that creates a regulatory and legal framework to manage discoveries and control of the East African nation's natural gas reserves and possible future oil finds, officials said.
 
Around the world people use bank machines to access cash: but in the Kenyan capital's crowded slums, people now use similar machines to access an even more basic requirement -- clean water.
 
The South African government announced Wednesday it had sold its stake in telecommunications giant Vodacom to raise cash for state-owned energy provider Eskom, which is struggling to keep the lights on.
 
Shares in Sony plunged 8.25 percent Tuesday on dilution fears after the Japanese electronics giant announced plans to raise US$3.6 billion through stock and bond sales.
 
Uganda's 'motorcycle Uber' shows it pays to be safe
When Silver Tumwesigye, a sharply-dressed Ugandan motorbike taxi driver known by his nickname "Silverstone," had an accident six years ago it was a double blow.
 
The Carter Center Friday called on the government of the Democratic Republic of Congo (DRC) to reveal the terms under which a state firm sold a mining concession to a subsidiary of Swiss group Glencore.
 
The minerals in the south-eastern Katanga region represent potential riches for the Democratic Republic of the Congo, but a lack of electricity is preventing the country from fully exploiting them.
 
The launch of a free trade agreement by three African economic blocs in Egypt this week will be an important step towards a potentially game-changing common market spanning the continent, supporters say.
 
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