Tag Archives: africatopsuccess

Zimbabwe suspends bank lending in bid to arrest currency decline

Zimbabwe suspends bank lending in bid to arrest currency decline

Zimbabwean government on Saturday ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against the Zimbabwean dollar and was part of a raft of measures to arrest its rapid devaluation on the black market, Reuters reported. The southern African country reintroduced …

Read More »

South Africa: Public Enterprises minister calls for ban on scrap metal over vandalism

South Africa: Public Enterprises minister calls for ban on scrap metal over vandalism

South Africa’s Minister of Public Enterprises, Pravin Gordhan, has called for a scrap metal export ban amid vandalism of public infrastructure. According to the Minister, this measure would ensure that there would be no external market for the stolen metal to be sold as scrap metal. “There is absolutely no …

Read More »

Gambia: President Barrow appoints new cabinet and sacks Deputy

Gambia: President Barrow appoints new cabinet and sacks Deputy

Gambian President Adama Barrow has sacked the country’s vice president and top ministers in a major cabinet reshuffle, government spokesman Ebrima Sankareh announced on state television on Wednesday. Eleven ministers were retained in the new 23-member cabinet that includes three women, reports said. Former education minister Alieu Badara Joof, replaced …

Read More »