Economy

Companies prepare for disorderly Brexit as talks stall

Big companies are stepping up their plans in case Britain crashes out of the European Union without a deal as Prime Minister struggles to get talks back on track after a major setback.

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Zimbabwe signs first post Mugabe loan deal with China

Zimbabwe's new government signed a $153 million loan agreement with China on Wednesday, its first post-Mugabe deal with a foreign government, to expand and refurbish its international airport in Harare as it bids to attract investors and tourists.

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Former Nigerian oil minister loses properties over corruption allegations

Two multi-million-dollar penthouses belonging to Nigeria's former oil minister Diezani Alison-Madueke have been seized as part of corruption investigations.

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Tanzania-Zambia railway halts copper transportation after strike

The Tanzania-Zambia Railway Authority (TAZARA) has suspended all train services, including the transportation of copper following a strike by workers in Africa's number two producer of the metal, the company's spokesperson said on Wednesday.

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SA business confidence rises in November

South Africa's business confidence index edged higher in November, helped by expectations that government will implement policies to boost the economy, a survey showed on Wednesday.

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Asia set to raise rates in 2018, but still lag Fed

Tighter monetary policy is coming to Asia in 2018. Yet it will lag the Federal Reserve's rate hikes as Asian central banks balance an exports-led revival in growth with a slowdown in regional locomotive China.

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Namibia slams tax haven blacklist

Namibia on Wednesday criticised its listing on a new European Union blacklist of tax havens as unjust and biased, blaming the status on missing a deadline to comply.

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Zambia lifts ban on night truck driving

Zambia has lifted a ban on night driving for truckers, imposed to improve road safety. This comes after mining companies in Africa's second biggest copper producer said the decision had hit commercial activity.

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Nigeria's SEC to go ahead with forensic audit of Oando

Nigeria's Securities and Exchange Commission (SEC) plans to go ahead with a forensic audit of oil company Oando Plc, it said in a statement late on Tuesday, despite the suspension of the commission's director.

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Dangote named among 50 most influential people globally

The President of Dangote Group, Aliko Dangote, has been recognised as one of the people who defined global business in 2017.

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