Africa Brief: South Africa: green energy leader, Zimbabwe’s voters’ roll, gold in Tanzania and more
SA a ‘world leader’ in green energy
Rapid investment growth had made SA the ninth-leading destination for clean energy investment among the Group of 20 (G-20) of the world’s developed and emerging economies, after coming in last in 2011. Clean energy investment in SA is likely to remain strong in coming years as the country implements its relatively new renewable energy tender programme, which has initiated 28 projects already.
For the full story, read SA a ‘world leader’ in green energy by Monde Maoto, published by Business Day on 18/04/13.
Zimbabwe removes dead from voters’ roll
The name of Zimbabwe’s last white leader, Ian Smith, who died six years ago, has been removed from the list of 5.7-million voters as the nation prepares for elections this year. The name of Smith and his justice minister, who died in 1984, were among 345,000 dead people on the roll, electoral authorities said yesterday. The opposition Movement for Democratic Change (MDC) says dead voters have been used to rig voting.
For the full story, read Zimbabwe removes dead from voters’ roll by SAPA-AP, AFP, published by Business Day on 18/04/13.
Zanu (PF) scuppers ‘intrusive’ UN loan option
Zimbabwe coalition government partners yesterday failed to agree on the terms of reference for a United Nations (UN) mission which was due in Harare to assess conditions for facilitating a bail-out for elections later this year. Finance Minister Tendai Biti said this week the UN mission was due in Zimbabwe following an agreement with Justice Minister Patrick China¬masa. But yesterday Mr Chinamasa said Zimbabwe was no longer seek¬ing UN assistance.
For the full story, read Zanu [PF] scuppers ‘intrusive’ UN loan option by Twanda Karombo, published by Business Day on 18/04/13.
Gold prices may hurt Tanzania
Dar es Salaam. A sustained slump in gold prices threatens to shut mines and curb investment in Tanzania, a senior official in the energy and minerals ministry said this week. “We are concerned that as the price of gold continues to drop it will discourage future investment,” Ally Samaje, acting mineral commissioner, said in Dar es Salaam.
For the full story, read Gold prices may hurt Tanzania by Reuters, published by Business Day on 18/04/13.
Kenya Power to spend $1.2bn
Nairobi Kenya Power plans to spend 100-billion shillings ($1.2bn) over five years to expand its electricity-distribution network in East Africa’s biggest economy, MD Joseph Njoroge said yesterday. The country’s sole electricity provider is negotiating loans worth $200m from international funders to spend in the fiscal year starting July 1, Mr Njoroge said in the capital, Nairobi.
For the full story, read Kenya Power to spend $1.2bn by Bloomberg, published by Business Day on 18/04/13.
Angolan bank’s profit falls
Lisbon Banco Angolano de Investimentos, Angola’s biggest bank by assets, posted a second straight fall in full-year profit yesterday, hit by surging bad loans in the fast-growing African economy. Angola’s banks have enjoyed fast growth following the end of the civil war in 2002, buoyed by an oil boom that transformed it into Africa’s top crude producer after Nigeria.
For the full story, read Angolan bank’s profit falls by Reuters, published by Business Day on 18/04/13.
Zimbabwe anxious on 33rd anniversary of freedom
Empowerment Minister Saviour Kasukuwere to take over a majority stake in the British-owned Standard Chartered bank. Mr Mugabe’s Zanu (PF) is fast-tracking an election against the opposition Movement for Democratic Change (MDC) to June. This despite indications that political reforms to warrant free and fair elections are not yet in place. Civil society groups remain fearful that Mr Mugabe’s Zanu (PF) will flout the Southern African Development Community recommendations on elections and political violence will erupt.
For the full story, read Zimbabwe anxious on 33rd anniversary of Freedom by Ray Ndlovu, published by Business Day on 18/04/13.