Economy

Japan economy gains momentum

Japan’s economy is gaining momentum, expanding at a 2.5 % annual pace in July-September, the government said on Friday.

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Malawi hit by blackout

Many parts of Malawi remained without electricity on Thursday after water levels at the country’s two main dams sunk to critical levels and affected hydro power plants, the power utility said on Thursday

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AngloGold Ashanti to increase production at Western Australia mine

South Africa's AngloGold Ashanti said on Thursday it will increase production and extend the life of its joint venture mine in Western Australia, under its strategy to develop more cost-effective methods of mining.

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PPC cement says CRH withdraws bid for controlling stake

South African cement producer PPC said on Thursday Irish building materials firm CRH had withdrawn its cash bid for a controlling stake in the firm.

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Zambia's economy to expand more slowly than expected in 2017

Zambia's economy will grow more slowly than expected, expanding 3.8 % instead of the previous forecast of 4.1%, the World Bank said on Thursday.

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Zim finance minister makes raft policy shifts

Zimbabwe’s Finance and Economic Development Minister said he would cut government expenses in 2018 in line with efforts to grown the country’s economy and streamline costs.

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SA’s central bank issues license to country’s cooperative bank

South Africa’s central bank said on Thursday it had issued the first cooperative banking license since 2011 to Ziphakamise Savings and Credit Cooperative.

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Senegal economy hoping for takeoff with new airport

Senegal opens a flagship new airport on Thursday seven years later than originally planned but with ambitions to become a West African regional hub with a capacity for 3 million passengers.

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IMF and World Bank say Ukraine corruption fight is threatened

The World Bank and the International Monetary Fund on Thursday said they were concerned about attacks on Ukrainian anti-corruption institutions, joining the United States and European Union in warning against threats to Ukraine’s efforts.

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Steinhoff International crisis to affect SA negatively

Portfolio manager at Old Mutual Investment Group, Peter Brooke say there are concerns that what is happening at furniture chain Steinhoff International will negatively affect South Africa's assets.

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