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Africa’s hot bond market could overheat as U.S. funds pile in

U.S. investors searching desperately for higher yields are piling into Africa’s emerging bond markets but may not be getting paid enough for the chaos and uncertainty still stalking sub-Saharan countries, some portfolio managers said.Emerging market debt funds have outperformed nearly every other bond fund category…

May 23, 2013No CommentRead More

Mugabe ushers in new constitutional era

HARARE (Zimbabwe Investor) – Zimbabwe’s President Robert Mugabe ushered the country into a new constitutional era by signing into law a new constitution declaring the nation will hold a peaceful election this year. Flanked by Prime Minister Morgan Tsvangirai and Vice-President Joyce Mujuru, President Mugabe signed…

May 23, 2013No CommentRead More

Zimbabwe Mining Companies Reject State Control

The Chamber of Mines of Zimbabwe, which represents companies including Impala Platinum Holdings Ltd. (IMP), rejected a proposal for the state to control mineral production and prices, according to Bloomberg News. Earlier this month, the country’s Ministry of Mines proposed the auctioning of mineral deposits,…

May 20, 2013No CommentRead More

Strong SA, Zimbabwe sales boost PPC results

An improvement in South African and Zimbabwean cement sales helped shore up PPC’s results in the interim period ended March, South Africa’s premier cement maker said on Thursday. But this trend was tempered by weakness in cement sales in Botswana, labour problems at Eskom’s new…

May 17, 2013No CommentRead More

Zimbabwe’s sustained progress towards “Getting to Zero” – UNAIDS

Zimbabwe is an example of political commitment and progress in the AIDS response. Although it is one of the countries most affected by the HIV epidemic in sub-Saharan Africa, with an adult HIV prevalence of 15%, the country has achieved and sustains universal coverage of…

May 15, 2013No CommentRead More