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Daily Archives: January 24, 2018

Rand breaks R12 to the dollar for first time since 2015

Rand breaks R12 to the dollar for first time since 2015

South Africa’s rand transacted below 12 per dollar on Wednesday for the first time since May 2015, extending a rally sparked by an improving domestic political environment and sup ...

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Zimbabwe to strengthen currency relaunch with reserves

Zimbabwe to strengthen currency relaunch with reserves

Zimbabwe’s new president, Emmerson Mnangagwa, said his government is considering building reserves of gold and diamonds to back the eventual relaunch of the country’s own currency ...

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Tropical rainstorm kills at least 7 in Mozambique, destroy houses

Tropical rainstorm kills at least 7 in Mozambique, destroy houses

The Mozambican government said Monday that the tropical depression rainfall that pummelled the country last week had killed seven people while damaging or destroying over 14,200 h ...

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Five African countries part of $5 billion commitment

Five African countries part of $5 billion commitment

The International Solar Alliance (ISA) revealed at The World Future Energy Summit (WFES), in Dubai at the beginning of 2018, that it has signed letters of intent which will see th ...

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