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AFRICA
Malawi: Kwacha devaluation causes panic

[Gregory Gondwe] The government's decision to devalue the local currency, the Malawi Kwacha, last week has sparked fears that it might affect interest and inflation rates. 20 Nov 2009 11:54


AFRICA
Zim: Retailers get into the festive mood

[Dumisani Ndlela] For Zimbabweans, Christmas has of late never been this merry: over the past decade, they have had to battle a hyperinflationary crisis that made it impossible to budget for festivities, while retailers shunned festive season indulgences for customers. Then there were empty shelves to contend with over the last two years. 20 Nov 2009 11:49




AFRICA
SA, Nigeria to further open up trade, investment

PRETORIA: South Africa is looking forward to working with Nigerian businesses to further open up trade opportunities and allow investment to grow between the two countries, says Deputy President Kgalema Motlanthe. 17 Nov 2009 10:16


AFRICA
Chinese to boost agriculture in Mozambique

A Chinese centre for research and transfer of agricultural technology is set to open in Mozambique in early 2010. The facility will use China's farming expertise to boost the African country's agricultural productivity by improving cultivation methods and training local scientists and farmers. 13 Nov 2009 10:08


AFRICA
Food crisis worsens in Africa

Pervasive high food prices are putting millions of people in dozens of poor countries at risk of critical food insecurity, according to the United Nations. 12 Nov 2009 08:09




AFRICA
Somali livestock sales boosted

Sales of Somali livestock have seen a sudden increase over the past few days since Saudi Arabia lifted a nine-year ban on imports of the kind from Somalia last week. 12 Nov 2009 08:06


AFRICA
Retailers bring back credit to lure customers

[Dumisani Ndlela] Zimbabwe's retailers, which had withdrawn credit facilities due to a hyperinflationary crisis, have brought back the credit terms for retail customers. 10 Nov 2009 07:27


AFRICA
Academics support African growth strategies

The International Growth Centre (IGC), directed and organised by the London School of Economics (LSE) and Oxford University, will host their first Africa-focused session on 13 November 2009 at the annual African Economic Conference (AEC). 10 Nov 2009 07:13


AFRICA
Lesotho: A mountain of challenges

JOHANNESBURG: The UN World Food Programme (WFP) has been feeding people in Lesotho since 1965, yet the tiny mountain kingdom is still not much closer to achieving food self-sufficiency. Time to overhaul the approach, aid agencies say. 9 Nov 2009 12:30


AFRICA
MNA needs stronger private sector - WB

CAIRO: A new report released by the World Bank's Middle East and North Africa (MNA) region, From Privilege to Competition: Unlocking private-led growth in the Middle East and North Africa, has found that the private sector is not yet generating enough jobs and sustaining higher growth in the region. 9 Nov 2009 07:21


AFRICA
Zim: Kimberley Process ignores its own advice

JOHANNESBURG: Zimbabwe's rough diamond trade has escaped a six-month suspension by the Kimberley Process Certification Scheme (KPCS) - an international initiative to stem the flow of conflict diamonds - after its own investigating team recommended earlier in 2009 that the country be temporarily barred from importing and exporting the gems. 6 Nov 2009 10:45


AFRICA
Senegal: Youth who refuse to farm

ZIGUINCHOR: Landmines and armed attacks in Senegal's Casamance region are preventing farmers from maximising production from the region's fertile soil, but there is another problem, too: not enough young people are taking up farming, residents and experts say. 6 Nov 2009 10:41


AFRICA
Nigerian bank reform

Nigeria's banking sector has been ordered to start reporting on suspicious cash transactions from people involved in politics. The new regulation requires banks to check the identity of anyone making a transaction above 250,000 naira (around US$1,600). 5 Nov 2009 11:14


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