Business

Zambia owes Moza US$53m in unpaid power bills

Lusaka - Zambia owes Electricidade de Mozambique (EDM) US$53 million and not US$70 million for electricity imports, the country’s Minister of Energy, Mathew Nkhuwa, has clarified. ...Read More

Air transport in Mozambique has new competition rules

The civil aviation sector in Mozambique, which is in the process of liberalisation, as of the end of August will have new competition rules, under legislation recently approved by the government. ...Read More

EcoCash glitch exposes vulnerabilities of virtual money

Harare - Although mobile money has become the leading transaction platform in Zimbabwe, its weaknesses came into focus this week after the dominant EcoCash network in Zimbabwe went down for two days, and left many consumer businesses floundering in an already difficult economy. ...Read More

New-look Barclays Africa relaunches as Absa Group

Johannesburg - Barclays Africa Group has officially been renamed Absa Group. ...Read More

MDB climate finance hit record high

Washington – Climate financing by the world’s six largest multilateral development banks (MDBs) rose to a seven-year high of US$35.2 billion in 2017, up 28% on the previous year. ...Read More

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