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March 14, 2017

African CEOs to meet in Geneva to discuss investment in Africa

Africa CEO Forum will look at revitalising investment flows into the continent and comes at a time when commodity prices are showing signs of recovery

About 20 South African CEOs are expected to attend the Africa CEO Forum, which, is taking place in Geneva, Switzerland, later in March.

The fifth edition of the forum is due to focus on international investments in Africa. It is running from March 20–21.

The forum will look at revitalising investment flows into Africa and comes when commodity prices are showing signs of recovery.

The forum is expected to host 1,000 key decision makers in industry, finance and politics from across the globe.

Some of [...]

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March 13, 2017

Tazara railway needs $200m upgrade

The scale of the investment required to rehabilitate the Tanzania-Zambia Railway (Tazara) has become clear.

New managing director Bruno Ching’andu has calculated how much money will be required to stabilise the operating company, aside from efforts to upgrade the line. It has debts of $700m and needs another $200m for new rolling stock and track improvements.

Tazara was built in the 1970s by the Chinese government, with Chinese finance and workers. It was developed to give Zambia a means of exporting its copper, via the Port of Dar es Salaam, without moving it through Apartheid-era South Africa. It still carries Zambian copper but a lack of investment over many years [...]

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July 13, 2015

Breaking News: Third Bailout For Greece

Eurozone leaders have reached a “unanimous” agreement after marathon talks over a third bailout for Greece, EU President Donald Tusk has said.

He said that a bailout programme was “all ready to go” for Greece, “with serious reforms and financial support”.

“There will not be a ‘Grexit’,” said European Commission head Jean-Claude Juncker, referring to the fear that Greece would have to leave the euro.

Greece is expected to pass reforms demanded by the eurozone by Wednesday.

Parliaments in several eurozone states also have to approve any new bailout.

Eurozone [...]

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July 13, 2015

Djokovic Slams Wimbledon Victory

Novac Djokovic ruthlessly shatters Roger Federer’s bid for a record eighth All England Club triumph, as he whisks away the Wimbledon title for the third time alongside a ninth Grand Slam crown on Sunday.

World number one Djokovic won 7-6 (7/1), 6-7 (10/12), 6-4, 6-3 to add the Wimbledon title to the Australian Open he captured in January.

It was a cathartic moment for Djokovic just a month after his heartbreaking French Open final defeat against Stan Wawrinka – a loss that denied him the only major title he has yet to win.

For 33-year-old Federer, it was a bitterly disappointing end to his bid to become the oldest Wimbledon champion of the Open [...]

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