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Old Mutual seeks to block Moyo

Old Mutual said on Friday there were conflicting interpretations of the High Court ruling, which found that it’s CEO Peter Moyo should be temporarily reinstated with immediate effect.

SA cuts rates in weak economy

The South African central bank cut its main lending rate by 25 basis points to 6,5%, as expected, citing weak economic growth and inflation which has stayed around the midpoint […]

Copper output down 4%

Zambia’s copper production dropped 4% to 393 419 tonnes in the first six months of the year, ministry of mines data showed on Thursday.

New rules for joint ventures

Nigeria’s NNPC said on Thursday it was planning to change the way energy joint ventures paid operating costs to help ensure smooth financing for projects that have often struggled to […]

Carmaker opens $630m plant

RABAT — French carmaker PSA on Friday opened its 555 million-euro ($630 million) factory in Kenitra’s Atlantic Free Zone, near Rabat.

Militants killed eastern Kenya

Three suspected al-Shabab militants have been killed after they attacked a police camp in Kenya’s eastern County of Garissa, close to the border with Somalia, police say.

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