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Six alleged instigators of S. Africa’s unrest arrested

Johannesburg, South Africa | Xinhua | Six alleged instigators behind last week’s violent unrest which lasted for almost a week have been arrested, Acting Minister in the Presidency Khumbudzo Ntshavheni said at a media briefing in Pretoria on Monday. “This is the latest update which we just got in now, three …

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Fitch and GCR upgrade Afreximbank’s outlook to positive

Kampala, Uganda | THE INDEPENDENT | Africa’s multi-lateral lender, African Export-Import Bank, has received a set of strong credit rating affirmations and “Positive” outlooks from Moody’s, Fitch Ratings, and GCR Ratings, underlining its resilient financial position and performance. The ratings reinforce the Bank’s access to capital at a competitive cost, ensuring …

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Plan to modernize Dar es Salaam completed

Dar, Tanzania | Xinhua  |  Preparations for a new master development plan aimed at improving and modernizing Tanzania’s congested commercial capital of Dar es Salaam has been completed, a senior official said Saturday. William Lukuvi, the minister for Lands, Housing and Human Settlements Development, said the new master plan will …

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