Business Affairss

DAR ES SALAAM— The construction of the Tanzania-Zambia Project (Taza) which involves the construction of electricity transmission infrastructure between the two countries will start in January 2023, said project coordinator Elias Makunga.The Sh1.4 tril...

YAOUNDE— Cameroonian President Paul Biya met with visiting French President Emmanuel Macron in Yaounde, the capital of Cameroon, to discuss regional security and bilateral economic ties.In a joint press conference after their Tuesday meeting, Macron sa...

HARARE— Zimbabwe’s central bank on Monday (July 25) launched gold coins in an effort to help curb soaring inflation amid a slump in the country’s currency.The central bank’s main interest rate was more than doubled this month to 200% after the annual r...

Zimbabwe's central bank has introduced gold coins that it hopes will ease citizens’ demands for foreign currency. But economists and ordinary Zimbabweans are skeptical.At the official launch of the gold coins in Harare on Monday, John Mangudya, head of...

As inflation surges around the world, politicians are scrambling for ways to keep food affordable as people increasingly protest the soaring cost of living. One knee-jerk response has been food export bans aimed at protecting domestic prices and suppli...

The Economic and Social Council resumed its two-day Management Segment today to consider the reports of 11 of its subsidiary bodies and to adopt a variety of decisions and resolutions before it.Those bodies consist of the six regional commissions, as w...

HARARE— Zimbabwean President Emmerson Mnangagwa on Wednesday commended China for funding and constructing the country’s new parliament building located in Mount Hampden on the outskirts of the capital Harare where a new capital city is being constructe...

Following are UN Deputy Secretary-General Amina Mohammed’s remarks, as prepared for delivery, to the joint high-level debate “The Africa We Want — Reconfirming the Development of Africa as a Priority for the United Nations”, today:It is a privilege to ...