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Namibia targets $1 billion worth of investments

Namibia's President Hage Geingob addresses the 73rd session of the United Nations General Assembly at U.N. headquarters in New York, U.S., September 26, 2018. PHOTO BY REUTERS/Carlo Allegri
Namibia's President Hage Geingob addresses the 73rd session of the United Nations General Assembly at U.N. headquarters in New York, U.S., September 26, 2018. PHOTO BY REUTERS/Carlo Allegri
20/06/2019

WINDHOEK (Reuters) - Namibia is to host a two-day economic summit which is expected to attract at least $1 billion worth of investments over the next two years, the Ministry of Information and Communications Technology said on Wednesday.

ANC row over South African central bank unnerves investors

President Cyril Ramaphosa gestures after announcing Shamila Batohi (not pictured) as the country's new chief prosecutor, at the Union building in Pretoria, South Africa, December 4, 2018. PHOTO BY REUTERS/Siphiwe Sibeko
President Cyril Ramaphosa gestures after announcing Shamila Batohi (not pictured) as the country's new chief prosecutor, at the Union building in Pretoria, South Africa, December 4, 2018. PHOTO BY REUTERS/Siphiwe Sibeko
By Olivia Kumwenda-Mtambo and Alexander Winning
11/06/2019

JOHANNESBURG (Reuters) - A row within South Africa's African National Congress (ANC) about the role of the central bank has unnerved investors and exposed deep divisions in the governing party.

Subsidise solar mini-grids to power rural Africa, investors urge

A man works on a solar powered milling machine in Sikpe Afidegnon village, Togo, May 16, 2019. PHOTO BY REUTERS/Noel Kokou Tadegnon
A man works on a solar powered milling machine in Sikpe Afidegnon village, Togo, May 16, 2019. PHOTO BY REUTERS/Noel Kokou Tadegnon
By Megan Rowling
10/06/2019

BARCELONA (Thomson Reuters Foundation) - Local renewable-energy grids can provide electric power to hundreds of millions of people in developing nations, especially in Africa, but will not attract enough financial backing unless they are subsidised, a group of investors said on Monday.

Kenya to retire old 1,000 shilling banknote to stem illicit flows

Kenyan Central Bank Governor Patrick Njoroge speaks during a news conference at the Central Bank in Nairobi, Kenya, November 28, 2018. PHOTO BY REUTERS/Njeri Mwangi
Kenyan Central Bank Governor Patrick Njoroge speaks during a news conference at the Central Bank in Nairobi, Kenya, November 28, 2018. PHOTO BY REUTERS/Njeri Mwangi
01/06/2019

NAIROBI (Reuters) - Kenya plans to withdraw an old version of its 1,000 shilling ($9.88) banknote to tackle illicit financial flows and counterfeiting, its central bank governor said on Saturday.

Mariners set to strike at South African ports from Thursday

Grain is loaded aboard ships for export in Durban, South Africa, May, 2004. PHOTO BY REUTERS/Mike Hutchings
Grain is loaded aboard ships for export in Durban, South Africa, May, 2004. PHOTO BY REUTERS/Mike Hutchings
29/05/2019

CAPE TOWN (Reuters) - South Africa's transport workers union Satawu threatened a "total shutdown" at major ports across the country from Thursday after issuing a 48-hour strike notice for mariners over a payment dispute, the union said on Tuesday.

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