NEWSMAKERS: SOUTH AFRICA
Zuma fights back despite public dissatisfaction with his presidency.
The transport infrastructure in Africa's largest economy is still treading water.
Insuring Against Extreme Weather: Farmers and their families in five African countries will gain some financial protection against drought this growing season through a catastrophe insurance pool launched in May by African Risk Capacity (ARC).
Sub-Saharan Africa’s economic lions are pulling the continent into an unprecedented era of wealth creation and prosperity. With year-on-year growth of between 7% and 9%, Ghana, Angola, Mozambique, Zambia and Ethiopia have played a pivotal role in helping Africa’s economy triple in size since 2000.
“Bob Diamond exists to make money for Bob Diamond, whatever he says. This isn’t to help develop Africa, it’s to make money for Bob Diamond and his partners.”
NEWSMAKERS By Efraim Chalamish When central bank governor Sanusi Lamido Sanusi announced in February that $20 billion in Nigerian oil revenues were missing from the till as a result of corruption, president Goodluck Jonathan responded promptly—by sacking Sanusi. Now not ...
Iceland’s Reykjavik Geothermal will launch a $2 billion project in July to build a power plant on an imploded volcano in Ethiopia’s Rift Valley. The plant, slated to begin operations by 2020, will have a generation capacity of 500 megawatts of electricity.
Mozambique’s future rests on monetizing reserves of coal, natural gas, titanium and other minerals.