ZIMBABWE is set to surpass its annual gold output forecast as the Chamber of Mines data reveal that from January to June the country produced 4 023kg of gold.
The Chamber of Mines has projected that this year’s gold production would increase by 43 percent to between 7 000kg and 8 000kg compared [...]

Automotive companies, with vehicle manufacturing operations in South Africa, confirmed that the industrial action which commenced on Wednesday 11 August 2010 and now in its eighth day, has been resolved through agreement with the National Union of Metalworkers of South Africa (NUMSA).
Following ratification by employees at plant level yesterday, an agreement detailing the terms of [...]

Malawi’s central bank, the Reserve Bank of Malawi, says it will resume the rationing of foreign exchange (forex) to contain shortage of money next month.
The bank’s governor Perks Ligoya says the move is aimed at containing shortage of foreign money in the country, according to Thursday’s The Nation.
Malawi has for the past year suffered from [...]

Economic experts in Malawi say people keeping their money with the country’s banks are losing out because what they get as interest is far below the country’s inflation rate.
The economic experts have since advised banks to increase their savings rates to within or above the inflation rate which currently stands at 7.5 per cent, according [...]

A Malawian police officer has been arrested after being implicated in a K39.5 million (about $254,839) that mysteriously went missing from a Malawi Electoral Commission bank account, a development that confirms suspicions that the police officers help criminals steal.
The Fiscal police confirmed to The Daily Times the arrest of Detective Sergeant Dyson Banda, 26. He [...]

The Kenya Medical Research Institute (KEMRI) is set to up-scale its care and support services to people living with HIV/Aids following a grant of US $ 35 million from the Centers for Disease Control and Prevention (CDC) from funding provided by the United States of America’s President’s Emergency Plan for HIV and AIDS Relief.
The five [...]

Kenya airways has started the much awaited flights to Luanda, the Angolan capital city to enable travelers from Kenya and other parts of the world access the oil-rich nation directly.
The airline company will operate the route on a code share agreement with Angolan Airlines (TAAG) twice a week every Tuesday and Friday.
Transport minister Amos [...]

With preparations for the Automechanika SA 2011 motor industry show firmly under way, the planned conference programme for the event underpins the crucially important role that Automechanika South Africa has established in the South African motor industry since the first exhibition in 2009.
Automechanika SA will be held at Expo Centre in Johannesburg from 9-11 March [...]

The National Union of Petroleum and Natural Gas Workers (NUPENG) said that Shell Petroleum Development Company Nigeria Limited (SPDC) has the largest number of casual workers among the multinational oil companies operating in the country.
President of the union, Achese Igwe, at a press conference in Lagos said the development is unbecoming and a violation of [...]

The Manufacturers Association of Nigeria [MAN] has said that the World Bank and International Monetary Fund [IMF] are not doing anything to help developing countries like Nigeria grow its real sector of the economy.
Former president of the association, Bashir Borodo disclosed this at its 38th Annual General Meeting [AGM] which held in Lagos recently. He [...]