HARARE, Nov 25 (Reuters) – Zimbabwe’s president hosted creditors and finance executives on Monday to discuss ambitious goals to clear debt arrears and restructure $12.7 billion in external debt, as the country aims to eventually tap international capital markets for the first time in more than two decades. The Southern African nation’s debt pile accounts for 81%...
WINDHOEK, Nov 25 (Reuters) – Namibians will vote on Wednesday in what is expected to be the most competitive election yet for the ruling SWAPO party, which has governed the southern African nation for 34 years. If SWAPO candidate Netumbo Nandi-Ndaitwah wins, she will become the country’s first female president. A SWAPO loss would mean the first transition of...
Key Points LONDON/MELBOURNE Nov 25 (Reuters) – Anglo American agreed on Monday to sell its remaining Australian steelmaking coal mines to Peabody Energy for up to $3.78 billion in cash, the first major disposal in a wider restructuring plan. The London-listed miner is reshaping its business to focus on copper after fending off a $49 billion takeover bid from larger rival...
LUSAKA, Nov 24 (Reuters) – Zambia suffered a nationwide power outage on Sunday following a “power system disturbance”, the southern Africa nation’s state utility Zesco said. The utility said the incident occurred our 1815 GMT, leading to loss of power supply that affected the whole country. It said it was working to resolve the unplanned outage, and...
ABUJA, Nov 25 (Reuters) – Nigeria’s economy grew 3.46% year-on-year in the third quarter of 2024, quicker than in the first two quarters of the year, statistics agency data showed on Monday. Gross domestic product (GDP) growth was driven mainly by the services sector, which contributed more than 50% to aggregate output in the July-September period. Despite the...