July 20, 2017

MoneyWeb – Africa Business News



MoneyWeb – Africa Business News

– Business, Financial and Investment news and tools

Vodacom plans to extend mobile money to new African markets

Combined mobile-money platform to be used by 30 million people.

Congo to double capacity of Inga 3 hydro project in bid to cut costs

The plant will be built to produce between 10 000 and 12 000 megawatts of power.

Zimbabwe wants to issue more ‘bond notes’

Move raises inflation fears.

Aliko Dangote to invest $4.6bn in Nigerian agriculture

Investment to help mitigate shortage of dollars for exports.

As Zimbabwe’s homes go solar, its businesses lag behind

More than 100,000 solar power systems installed in homes in Zimbabwe.

Huawei partners with WorldRemit on African mobile-money service

Wireless carriers can swiftly switch on remittance services, the companies say.

Zimbabwean bank suspends DStv payments over forex shortages

Steward Bank suspends payments for all account classes except premium.

Mugabe donates $1 million to African Union

Hoping to set an example for African countries to finance AU programmes and wean it off funding from outside donors.

Kenya sells additional $9.6m worth of bonds via mobile phone

M-Akiba allows a single investor to put in a minimum of 3 000 shillings and a maximum 1 million shillings, earning tax-free interest of 10%.

Mugabe reins in wife’s ambitions to calm Zimbabwe army

Zimbabwean President Robert Mugabe has moved to rein in his wife’s ambition to succeed him after the nation’s intelligence chief warned that her campaign may stoke political violence and faces opposition from within the military, three members of the ruling party’s politburo said. Mugabe asked his wife Grace, 51, to tone down her public criticism of veterans

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