Donor funding to Africa drops as investments rise

Donor funding to Sub-Saharan Africa is declining as funds flowing to the region for investment purposes, trade and business rise, a new International Monetary Fund (IMF) report has indicated.

Insurer Lion of Africa to roar no more

Short-term insurer Lion of Africa, which is owned by JSE-listed empowerment company Brimstone, has decided to halt its operations with immediate effect, citing continued losses in a difficult operating environment.

Zimbabwe invites bids for struggling national airline

Zimbabwe has invited bids for the state-owned airline as President Emmerson Mnangagwa’s government pushes ahead with a drive to privatise and end state funding to loss-making firms, Air Zimbabwe’s administrator said on Monday.

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