Business

Zimbabwe, Zambia top regional tax recovery rates

At a time when most Africa countries are faced with a daunting task of eradicating tax arrears, Zimbabwe and Zambia have recorded highest revenue recovery rates of 93% and 82%, respectively, compared to the regional average of about 20%, a report by the African Tax Administration Forum (ATAF) shows. ...Read More

‘No reason for Africa to spend US$35bn/yr importing food’ - AfDB

Africa has no reason to be spending US$35 billion a year importing food and urgent measures should be taken to harness available technologies and put in place right policies to support increased domestic agricultural productivity and incomes for farmers. ...Read More

Angolan kwanzas loses more than 40% against Euro

The euro is now worth 306.400 Angolan kwanzas following a currency auction held on Tuesday by the National Bank of Angola that provided banks with 35 million euros, according to information from the central bank. ...Read More

Moza’s economy grows 3.2% in first half of 2018

Mozambique’s economy grew at a rate of 3.2% in the first half of 2018, an increase of 20 basis points compared to the same period of last year, the Council of Minister’s spokeswoman said on Tuesday in Maputo. ...Read More

SA rand hits 2-year low

Johannesburg - South Africa’s rand leaped more than 10% to a 2-year low against the dollar earlier this week with government bonds weakening sharply as a renewed rout in the Turkish lira spread to other emerging markets. ...Read More

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