Said weak management at the author had cost the nation about $181.7 million annually
Country's president has apologised for this week's violence as army joined police in seeking to restore calm. Looming in the horizon is an election.
UPDATE: Two burned alive in Zambia anti-foreigner riots targeting mostly Rwanda, 1,000 police deployed>
Rwandans, many of whom are former refugees, sought protection at police stations around Lusaka
Decision is a further step back by President Robert Mugabe’s government from a programme that’s been the cornerstone of its political policies.
The British bank has a presence in 12 countries on the continent with 12m customers and last week left the continent on edge with plan to scale down.
On the chopping block: Nigeria, Angola, Gabon placed on list of oil states at risk of painful downgrade>Bloomberg
Already battling the collapse in commodity prices they could find their cost of borrowing money on international markets will shoot up.
The country’s stock market index posted best week in three years on a stable growth outlook as rivals falter
Eating the intra-African trade pudding: Uganda, South Africa top as neighbours drive Kenya’s tourism recovery>
Proving Africa will reap from trading with itself, vacationers from Rwanda, Burundi, DRC and Ethiopia have shored up Kenya's tourism
UPDATE: Uganda’s Museveni declared winner of chaotic election, as detained rival Besigye rejects result>Bloomberg
“Ugandan authorities created an atmosphere of intimidation in the run up to and during Thursday’s vote”
Mozambique clashes send thousands fleeing to Malawi, and Angolan rebels say to resume armed struggle>Bloomberg
Africa’s second-biggest crude producer pumps most of its 1.75 million barrels a day from off the coast of Cabinda