HARARE (Reuters) - Zimbabwe's tax agency ZIMRA said on Thursday it failed to meet its 2016 revenue target by 4 percent, as the economy stalled and weak global commodity prices hit mineral royalties.
Companies operating in Africa increasingly worry about the unpredictable business environment where markets are volatile (#1) and political perils, such as protectionism or terrorism are on the rise.
Leaders from business and policy-making are not expecting a return to 1930s-style trade war, despite the populist backlash in parts of the world against globalization and free trade.
Kenyan traders have been asked to observe cross-border trade regulations to avoid harassment.
Outgoing United States President Barack Obama has extended sanctions against Zimbabwe by at least another year, a report said on Sunday. This came as reports on Friday indicated that Obama's administration was set to ease sanctions against Sudan and broaden now limited talks with the long estranged African government.
The sleek passenger train waiting for its inaugural journey at Djibouti’s barely finished Nagad station almost stretched out of sight down the platform. Three tracks behind it was an even longer goods train of dark green wagons that were so new they had yet to be stained by the dust that is ubiquitous in this corner of the Horn of Africa.
There was much excitement in Africa when Barack Obama was elected US president in 2008. But he didn't live up to many expectations. Daniel Pelz recounts the legacy of the first US president with African roots. Jubilant crowds flooded the streets of Ghana's capital Accra during Obama's first visit to Africa as US president. Even members of Ghana's parliament rose to chants of "Yes we can" when he addressed them.