Inflation in Zimbabwe Forecast to Rise to Five Percent By June

Zimbabwe’s year-on-year inflation is likely to reach or exceed 5% by mid-year as the realignment of currency values and other technical issues take effect, a leading economist said Wednesday. Zimbabwe’s year-on-year inflation stood at minus 7.7 percent...

Zambian Government Set to Develop Economic Zones

The Zambian government will concentrate its efforts this year in ensuring that economic zones in various parts of the country take off, Commerce Trade and Industry minister Felix Mutati said on Wednesday at a working breakfast for business executives...

Kenya’s Vice President Woos Australian Investors

Kenya’s Vice President Kalonzo Musyoka has called on Australian investors to exploit Kenya’s investment opportunities in energy, mining and trade. Musyoka said Australia is fast becoming Kenya’s crucial development partner as evident by the recent...

U.K. Lease Holders Heading for Extension Time Bomb

Unwelcome chickens may be coming home to roost for people who bought flats in the 1970s and 1980s on relatively short leases of 125 years. Leaseholders have rights in law to extend their leases by 90 years (Leasehold Reform Housing and Urban Development...

Mauritania Scraps Taxes And Duties on Medicines

As part of the country’s 2010 Financial Act, the Mauritania authorities have decided that all medical and pharmaceutical products will be tax and duty-free, in an effort to reduce charges on citizens, official sources in Nouakchott told APA this week. The...

Pan-African Hotel Group African Sun, Targets Investments in Botswana, Nigeria

Zimbabwean-based Pan-African hotel group, African Sun, has said that it planned to launch two new properties in Nigeria and Botswana this year as part of an expansion program that will see the total number of rooms raised to 8,500 by 2012. Pipeline projects...

Ethiopia And China Agree to Increase Trade Volume to $3 Billion

Ethiopia and China have agreed to increase their trade volume to $ 3 billion in the next six years. The two countries agreed to strengthen their volume of trade as part of a new Chinese initiative to boost cooperation. Accordingly, the two sides agreed...

United States Grants Aid for Burkina Faso Road And Agricultural Sectors

The Millennium Challenge Account of the United States government has granted Burkina Faso a package of 1.6 billion CFA francs for the country’s road and agricultural sectors. The first agreement of 1.386 billion CFA francs for the Ministry of Agriculture...

Mayor of London Urges Speedy Inquiry Into ‘salami-slicing’ Tax Grab Plans

The Mayor of London, Boris Johnson, has called on the U.K. Treasury Select Committee to urgently investigate the Government’s plans for a new tax on bankers’ bonuses before the general election, as well as its other proposed tax and regulatory changes. Whilst...