Military Keeps Winning as Zimbabwe’s Mnangagwa Appoints Former Army Boss as Party VP The benefits of the coup in Zimbabwe continues to pile up for the military top brass.Newly installed President Emmerson Mnangagwa just appointed retired army boss Constantino Chiwenga (who engineered the coup that threw out long-time President Robert Mugabe) and veteran politician…
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Bloomberg’s Guide to Key Africa Markets in 2018: From Angola to Zimbabwe African bonds outperformed emerging-market average this year Key challenges lie ahead, with IMF warning of credit risks Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover…
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ANC Votes to Expropriation Land Without Compensation Delegates celebrate at the 54th ANC national elective conference in Johannesburg. Picture: MASI LOSI In a dramatic ending to its 54th national conference, the ANC endorsed a resolution to change the Constitution to allow expropriation of land without compensation. This came after a heated debate that…
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Experts Are Optimistic (in the Short Term) About Diamond Outlook 2018 It was an interesting year for the diamond market, but what is the diamond outlook for 2018? We asked experts to share their thoughts. Priscila Barrera • This time last year, many analysts were predicting a bright 2017 for diamonds. But despite a strong start to the…
DetailsRio Tinto Diversified Miner Coming Up With Africa Strategy in 2018 DOWNLOAD Diversified mining company Rio Tinto (NYSE: RIO) is re-calibrating its understanding of Africa and working on an Africa strategy that is scheduled to be presented to the company’s executive committee next year. The company made this known Tuesday in an interview with…
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Trump Drops Climate Change From US National Security Strategy President outlined new approach in unprecedented White House speech Obama administration added climate to list of threats to US interests The Trump administration has dropped climate change from a list of global threats in a new national security strategy the president unveiled on Monday. Instead, Trump’s NSS…
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What Can We Do About Bitcoin’s Enormous Energy Consumption? The cryptocurrency might be on pace to use as much energy as the entire United States. [Image: Andrey_A/iStock] BY BEN SCHILLER7 MINUTE READ Bitcoin has recently been in the news for two big reasons. One, it’s becoming a lot more valuable–one coin is worth $17,000 at the…
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Cameroon and a Crowded Global Liquefied Natural Gas Market A week ago, Cameroon was getting ready to jostle for space in a global liquefied natural gas market already crowded with new supplies from the U.S. and Russia. Now the extra output couldn’t come at a better time. France’s Perenco SA and U.S.-traded Golar LNG…
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ANC Leadership Race: Cyril Ramaphosa Wins; Jacob Zuma in Trouble! Cyril Ramaphosa was elected leader of South Africa’s ruling African National Congress on Monday, threatening President Jacob Zuma’s grip on power after the most divisive vote in the party’s history. Mr Ramaphosa, the deputy president, defeated Nkosazana Dlamini-Zuma, Mr Zuma’s former wife, whom the…
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China’s Huge Bet on Tech With $189 Billion Giant of Finance Bloomberg News December 17, 2017 Ping An wants to get half its earnings from technology Shares have jumped 99% in 2017; CFO says they’re undervalued These days, every big finance company worth its salt is finding ways to boost its bottom line with…
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