East African tea producers lobbied their governments to scrap value-added tax on domestic sales to help stimulate prices through increased consumption after higher output pushed auction rates to the lowest in 13 years.
Marriott International Inc., the world’s second-largest publicly traded hotel company, said it will continue expanding its chains in African markets following the acquisition of South Africa’s Protea Hospitality Holdings.
Ashburton Fund Managers Pty Ltd. is buying shares in Africa’s biggest mobile-phone operator, a logistics company and a sugar producer as it bets on the growing spending power of the continent’s consumers.
The Kariba Dam, which spans the Zambezi river between Zambia and Zimbabwe, is in danger of collapsing if no repairs are made within the next three years, Newsday newspaper reported, citing Zambia’s Finance Ministry Permanent Secretary Felix Nkulukusa.
Malawi’s “Cashgate” scandal is threatening President Joyce Banda’s chances of winning elections in May, as the state battles to pay its bills following aid cuts and public anger over official corruption mounts.
Former Malawian Justice Minister Ralph Kasambara is scheduled to appear in court tomorrow to face charges of attempting to murder a former budget director who was investigating corruption among government officials.
A record global grain harvest has done nothing to help Jailos Kamuloni feed his family in Malawi, where costs have skyrocketed for the corn flour used to make the thick nsima porridge that people eat at almost every meal.
Uganda, Africa’s third-biggest tea grower, may maintain output in 2014 at last year’s record level of 60 million kilograms (132 million pounds) if the nation, which has had dry weather, gets favorable rains.