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Vandalism and Theft Plague South Africa’s Vital Rail Link to the Largest Container Port

Vandalism and Theft Plague South Africa’s Vital Rail Link to the Largest Container Port

by afrikanfrontier | May 28, 2023 | Business, News

South Africa’s crucial rail line connecting the nation’s wealthiest province to the continent’s largest container port has been severely hampered, operating at only 25% of its capacity due to rampant vandalism and damage to the rail infrastructure....
Former Mozambican Finance Minister to Face US Charges in $2 Billion “Tuna Bond” Scandal

Former Mozambican Finance Minister to Face US Charges in $2 Billion “Tuna Bond” Scandal

by afrikanfrontier | May 28, 2023 | Business, Finance, News

Manuel Chang, the former finance minister of Mozambique, is expected to face charges in the United States related to his alleged involvement in a high-profile scandal known as the “tuna bond” scandal. This development comes after Mozambique’s appeal...
African Development Bank President Calls for Increased Climate Finance in Africa

African Development Bank President Calls for Increased Climate Finance in Africa

by afrikanfrontier | May 28, 2023 | Business, Finance, News

Akinwumi Adesina, the President of the African Development Bank, has voiced concerns over the inadequacy of climate finance allocated to Africa. Speaking at the annual meetings of the multilateral lender in Sharm El-Sheikh, Egypt, Adesina emphasised the urgent need...
US-South Africa Diplomatic Dispute Jeopardises Economic Outlook and Budget Performance

US-South Africa Diplomatic Dispute Jeopardises Economic Outlook and Budget Performance

by afrikanfrontier | May 23, 2023 | Business, News

A contentious diplomatic dispute between the United States and South Africa has triggered a sharp decline in the value of the rand, reaching its lowest level ever. This escalating tension between the two nations raises concerns about South Africa’s ability to...
Zimbabwe’s President Calls for Accountability in Tumultuous Economic Times

Zimbabwe’s President Calls for Accountability in Tumultuous Economic Times

by afrikanfrontier | May 23, 2023 | Business, News, Politics

In the face of ongoing economic challenges, President Emmerson Mnangagwa of Zimbabwe has made a resolute pledge to address the role of private businesses, which he believes have contributed to the nation’s current turmoil. Describing the relationship between his...
Tanzania Concludes Talks for $40 Billion LNG Export Project with International Energy Companies

Tanzania Concludes Talks for $40 Billion LNG Export Project with International Energy Companies

by afrikanfrontier | May 23, 2023 | Business, News

Tanzania has successfully concluded negotiations with international energy companies for a long-awaited liquefied natural gas (LNG) export project, estimated to be worth $40 billion. This milestone sets the stage for the finalisation of agreements in the coming weeks....
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