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New Kikwete Cabinet Jolts Dar Stock Exchange in Tanzania

The Dar es Salaam Stock Exchange (DSE) all-share index was jolted by President Jakaya Kikwete's changes in cabinet suspected to be caused by the dropping of stockbroker from the new cabinet line up. The all-share index dropped by 12.16 points soon after announcing the 50-strong cabinet last week in which President Kikwete dropped a broker who was...

New Newspaper Hits South African Streets

A new newspaper hit the streets today in South Africa. The New Age  newspaper is owned by a family said to be close to South African President Jacob Zuma but its editors say the daily will be independent. The first edition of the New Age  newspaper sold briskly in its first hours on the streets. A crisp electronic version also opened on the...

Chinese Managers at Zambia Mine Go on Trial

Two Chinese managers at a mine in Zambia are to go on trial December 2 on charges of shooting a dozen Zambian mine workers during a demonstration for better working conditions.The incident has aggravated tensions with labor unions and ordinary Zambians, who believe China is taking advantage of a long-standing relationship with Zambia. The ties...

Sierra Leone Diaspora Set Up Businesses Back Home

More than one half million Sierra Leoneans live outside the country after fleeing during the country's long civil war. With new business reforms enacted, some Diaspora are returning to the mother country eight years after the end of conflict. The Vickie Remoe Show is Sierra Leone's first lifestyle TV show, airing weekly on the country's sole...

Sierra Leone Surprised by Guinea's Sudden Border Closures

Sierra Leone has expressed surprise by the sudden closure of its border with Guinea stranding hundreds of Sierra Leoneans inside Guinea. Guinean authorities have given no details about the late Saturday closure of their land, sea and air borders. Ibrahim Ben Kargbo, Sierra Leone’s Minister of Information, told VOA his government is aware of Guinea...

Optimism, But No Deal, at Summit on Sudan Referendum

An East African regional summit on Sudan has ended with no deal between north and south on key disputes threatening a referendum on southern independence. But the two sides did agree to keep talking as time for a deal runs short.Five heads of state and one possible future head of state gathered at a posh hotel Tuesday to see what could be done to...

Company Provides Affordable Medicines to South Africans

The chief executive officer of The Wellbeing Company, a South African-based medical trading firm, told VOA his organization’s aim is to provide “the highest quality medicines” to improve the quality of life to South Africans who cannot afford needed medications. Darryl Combe said his company is an efficient and entrepreneurial business which...

E. Africa Summit Expected to Push Sudanese Parties Toward Referendum Deal

East African leaders are scheduled to meet on Tuesday in Addis Ababa to try to pressure north and south Sudan to settle critical issues blocking a January referendum on southern independence.  Our correspondent reports that ministers laying the groundwork for the summit are hoping for a breakthrough. Sudan's President Omar al-Bashir is in Addis...

Voters Remain Pessimistic as Egyptian Elections Approach

Egypt's parliamentary elections are less than a week away and even though government officials insist the balloting will be free and fair, many Egyptians remain pessimistic the process will lead to fundamental change.Some are too busy simply trying to make a living in tough economic times to get involved in politics. Others are skeptical about the...

Zuma to Mediate Zimbabwe Political Stand-Off

South African President Jacob Zuma is reportedly to visit Zimbabwe later this week to try to resolve disputes within Zimbabwe's power-sharing government. The president said during a trip to Botswana that Zimbabwe's leaders must implement all the measures in their power-sharing accord before elections can take place. Senior officials of the...

Ethiopia's World Marathon Champ 'Angry' At Reports He Was Pressured To Retire

Road racing legend Haile Gebrselassie says he is angry and disappointed at a US newspaper report saying his on-again, off-again retirement may have been due to pressure from Ethiopia's government. The world marathon champ expects to be back in action soon.Speaking to reporters Friday, Haile Gebrselassie took some of the blame for what many thought...

Madagascar Tourism Industry Affected by Instability, Says an Expert

A Madagascar-based consultant said the country’s bourgeoning tourism businesses has been adversely affected following Wednesday’s attempted coup d’état that led to a renewed political crisis in the southern African island nation. Patricia Rajeriarison said the situation in the capital, Antananarivo remains tensed, adding that it will take several...

South African President Jacob Zuma Attends G20 Summit

South African President Jacob Zuma Attends G20 Summit President Jacob Zuma and a South African delegation have arrived in South Korea ahead of the fifth G20 Leaders Summit in Seoul. The two-day summit is expected to get underway on Thursday and follows a meeting of the G20 in June. According to the Presidency, South Africa will participate in the summit within the context of contributing to and...

First Ever Carbon Credit Trade in Ethiopia

The World Bank (WB) paid 34,000 dollars for the purchase of carbon credit from the Humbo Community Based Forest Management Project, marking the first ever incident of carbon trade in Ethiopia. The project was initiated by World Vision Ethiopia in Humbo, Wolayta Sodo, in the Southern Nations, Nationalities, and Peoples (SNNP) Regional State. This...

Country Holds Secret Marange Diamond Sale in Zimbabwe

Zimbabwe held a secret auction of diamonds from its Marange fields, where the army has been accused of forced labour and torture, an official said Tuesday. "Yes, the sales were carried out this weekend," Secretary for Mines Thankful Musukutwa told AFP, without giving further details. The auction on Saturday and Sunday was supervised by Abbey...