Economy

SA Health Minister backs medical insurance changes

South Africa’s Health Minister gave his backing on Thursday to changes that would make medical insurance affordable for most people as the country shifts towards universal health insurance coverage.

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Capricorn Group celebrates five years on NSX

Nambia’s Capricorn Group, formerly known as Bank Windhoek Holdings, on Thursday celebrated five years of listing on the Namibian Stock Exchange (NSX).

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Intel head resigns after relationship probe

Intel Corp Chief Executive, Brian Krzanich, resigned on Thursday after an investigation found he had a consensual relationship with an employee in breach of company policy.

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Rand falls as SA current account deficit swells to 4.8%

The Rand lost almost 1% against the Dollar after South Africa's current account deficit came in worse than expected and a lot worse that the previous quarter's print.

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Zambia aims for cost-reflective electricity prices

Zambia plans to introduce electricity tariffs that reflect the cost of power production by the end of 2018 and move away from a flat tariff of 9.30 US cents/kilowatt hour (kWh) for mining companies, a senior government official said on Thursday.

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Ghana may introduce new taxes

Ghana’s Finance Minister, Ken Ofori-Atta, has given a strong indication of possibly introducing new taxes during the mid-year budget review.

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World Bank approves loan for Tanzania power projects

The World Bank has approved a $455 million loan to Tanzania under its International Development Assistance (IDA) programme, to support financing of power projects in the East African nation.

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DRC losing $15bn each year from graft

Corruption costs the Democratic Republic of Congo (DRC) at least $15 billion each year, or around three times its annual budget, according to President Joseph Kabila's anti-graft advisor.

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East Libyan forces advance rapidly to retake key oil ports

East Libyan forces said on Thursday they had rapidly retaken the shuttered oil ports of Es Sider and Ras Lanuf, where the head of Libya’s National Oil Corporation (NOC) said he hoped operations would resume in a "couple of days".

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Zimbabwe regulator cuts mobile data tariffs by 60%

Zimbabwe's telecoms regulator has cut the price of mobile data by 60% with effect from next month, it said on Thursday, adding that it will now review charges annually.

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