Africa Business

While you were asleep: Africa Energy serves an ace on (out of Africa) Oil Week

Africa Oil Week 2021, originally scheduled from 1-5 November in Cape Town, is no longer to be held on African soil, reports the Heartland blogsite. AOW said on its website that it has after “careful evaluation of government guidelines and consultation with our customers”, decided to move the event to Dubai and reschedule it for 8-11 November. The shock …

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Zimbabwe to Ban Firms From FX Auctions Over ‘Rampant Abuse’

(Bloomberg) — Zimbabwe has threatened to ban traders from the country’s foreign-exchange auction platform for exploiting the gap between black-market and official currency prices. Authorities are dealing with an underground phenomenon that has the potential to “totally destabilize the Zimbabwean economy,” Deputy Finance Minister Clemence Chiduwa said in an op-ed in the state-run Sunday Mail …

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