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IMF Cuts Zambia GDP Growth, Sees Inflation Above 10 Percent

LUSAKA -The International Monetary Fund has projected that Zambia’s economic growth will fall to 2,9 percent next year from the 3,1 targeted for this year. In its annual...

Democratic Republic of Congo defends ‘golden parachute’ decree

KINSHASA - The government of Democratic Republic of Congo has defended the decrees that grant ministers lifetime salaries and other benefits. In a statement released...

Gvt calls for downward review of prices in the hospitality sector

THE government has urged the hospitality sector to make comparisons with other countries in terms of pricing as they are pegging unreasonable prices. Speaking during...

Cyclone Idai Heads For Zimbabwe, Malawi after Lashing Mozambican Port

MAPUTO - Parts of the southern African country of Mozambique were cut off on Friday after a tropical storm teared through the coast and the city...

Exclusive: Oil giants shower Qatar with crown jewels in race for LNG prize

LONDON - When Royal Dutch Shell wanted to buy a stake last year in a promising exploration block off South Africa, Total, the asset’s...