Economy

Nigerian inflation still high, but slows

Annual inflation in Nigeria slowed for an eighth month in September, easing to 15.98%, the National Bureau of Statistics (NBS) said on Tuesday.

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Zimbabwe's white farmers trying to strike new deal

Zimbabwe’s remaining white commercial farmers who fear renewed land invasions, have resorted to negotiating directly with the government or the possible new owners to protect their properties, says a report.

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Sonatrach eyes natural gas joint venture with trader

Algeria's state oil and gas company Sonatrach is looking at forming a joint venture with a trading company for its natural gas sales, its chief executive, Abdelmoumen Ould Kaddour, said.

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Inspection battle threatens Egypt's wheat supply

Wheat shipments to Egypt, the world's largest buyer, are being disrupted by a dispute involving government inspectors angered by a ban on the expenses-paid foreign trips they once enjoyed to approve cargoes at their ports of origin.

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Nigerian annual inflation at 15.98% in September

Annual inflation in Nigeria stood at 15.98% in September, compared with 16.01% in August, the National Bureau of Statistics said on Tuesday in a report.

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SA’s PIC has not ruled out investing in SAA

South Africa’s Public Investment Corporation, one of the continent’s largest asset managers, has not ruled out investing in struggling state-owned airline South African Airways (SAA), its chief executive said on Tuesday.

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Zambia, IMF to chart path towards debt sustainability

Zambia and the International Monetary Fund have agreed to chart a new path towards debt sustainability after the IMF said Africa’s second copper producer was at high risk of debt distress, the ministry of finance said in a statement on Monday.

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African rulers' weapon against web-based dissent

Rapidly expanding access to the internet across Africa is helping grassroots opposition movements take on once-invulnerable regimes.

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Mediclinic sees Middle East weakness denting earnings

South Africa's Mediclinic International said it expects a drop in half-year earnings, sending its shares lower, as a weak performance in the United Arab Emirates weighed on its business.

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Zimbabwe bans fruit, vegetable imports as forex crunch deepens

Zimbabwe has banned imports of fruit and vegetables with immediate effect to preserve scarce foreign exchange, the agriculture minister said on Tuesday.

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