Zimbabwes troubled financial system is exposed following revelations by the IMF that the Reserve Bank has continued to channel statutory reserves to finance quasi-fiscal projects, which has rendered it incapable of backing up banks.

Kenya risks being thrown out of a list of countries that will next year trade with the US on concessionary terms contained in the African Growth and Opportunity Act (Agoa), analysts warned, citing a raging diplomatic row between the two

The government's plan to regulate the country's fledging co-operative movement through a central authority has to be lauded as it sets the stage for proper regulation of a sector that is too critical to the economy.

Kenyan taxpayers pay retired British civil servants Sh79 million every month, the Star has learnt.

South Africa's state-owned utility Eskom's Chief Executive Officer Jacob Maroga has denied that he was asked to resign by the utility's board.

Land reform has always been a popular part of political rhetoric for a democratic South Africa, but agrarian transformation has not been realized in the post-apartheid era. The vast majority of agricultural land is still owned by whites. Black landowners

Finance minister Tendai Biti has projected a rise in government revenue next year, despite the current dwindling of monthly revenue he said had reached a "plateau". Biti told parliament last week that monthly revenue generated since June had remained stagnant,

Zimbabwe Mining Development Corporation (ZMDC) is going ahead with mining at its Marange Diamond Mine in direct contempt of a High Court order, business digest can reveal. Documents to hand show that ZMDC management ignored the court ruling barring the

Construction firm Erbacon Investment Holdings, which yesterday posted an 18% increase in headline earnings per share to 22,87c for the six months ended August, said it remained optimistic that public sector infrastructure spend would maintain sizeable momentum over the medium

A good quality property portfolio spread across retail, offices and industrial assets is paying handsomely for the listed property unit trust, Fountainhead Property Trust, which posted a 8,1% rise in net distributions per unit to 52c for the year to

MTN yesterday reported a modest 5% increase in subscriber numbers to 108,467-million boosted by growth in most of its key markets.

Standard Bank 's strategic alliance with leading Russian investment bank Troika Dialog will create opportunities for the bank to do cross-border transactions for Russian corporate clients who want to invest outside Russia -- and though Africa will be at the

Brait SA held up well through a difficult operating environment and lifted its interim dividend to 89,77c per share from 89,45c a year earlier.

COAL of Africa (CoAL) is planning to raise about R720m in a share placing to fund its proposed acquisition of unlisted junior miner NuCoal Mining.